Exhibit 12(e)
KENTUCKY UTILITIES COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
	Year		Year			Year			Year			Year
	Ended		Ended			Ended			Ended			Ended
	Dec. 31,		Dec. 31,			Dec. 31,			Dec. 31,			Dec. 31,
	2017		2016			2015			2014			2013
Earnings, as defined:
Income Before Income Taxes	$	418	$	428		$	374		$	355		$	360
Adjustment to reflect earnings from equity method investments on a cash basis	1		(1		)	(1		)	(1		)	(1		)
	419		427			373			354			359
Total fixed charges as below	100		100			86			80			73
Total earnings	$	519	$	527		$	459		$	434		$	432
Fixed charges, as defined:
Interest charges (a)	$	96	$	96		$	82		$	77		$	70
Estimated interest component of operating rentals	4		4			4			3			3
Total fixed charges	$	100	$	100		$	86		$	80		$	73
Ratio of earnings to fixed charges	5.2		5.3			5.3			5.4			5.9

(a) Includes interest on long-term and short-term debt, as well as amortization of debt discount, expense and premium - net.