Attached files
file | filename |
---|---|
EX-4.A - EXHIBIT 4(A) - PPL Corp | exhibit4a.htm |
EX-31.I - EXHIBIT 31I - PPL Corp | exhibit31i.htm |
EX-31.H - EXHIBIT 31H - PPL Corp | exhibit31h.htm |
EX-32.B - EXHIBIT 32B - PPL Corp | exhibit32b.htm |
EX-31.D - EXHIBIT 31D - PPL Corp | exhibit31d.htm |
EX-32.E - EXHIBIT 32E - PPL Corp | exhibit32e.htm |
EX-12.E - EXHIBIT 12(E) - PPL Corp | exhibit12e.htm |
EX-12.B - EXHIBIT 12(B) - PPL Corp | exhibit12b.htm |
EX-31.G - EXHIBIT 31G - PPL Corp | exhibit31g.htm |
EX-31.A - EXHIBIT 31A - PPL Corp | exhibit31a.htm |
EX-32.C - EXHIBIT 32C - PPL Corp | exhibit32c.htm |
EX-32.D - EXHIBIT 32D - PPL Corp | exhibit32d.htm |
EX-32.A - EXHIBIT 32A - PPL Corp | exhibit32a.htm |
EX-31.C - EXHIBIT 31C - PPL Corp | exhibit31c.htm |
EX-31.F - EXHIBIT 31F - PPL Corp | exhibit31f.htm |
EX-31.E - EXHIBIT 31E - PPL Corp | exhibit31e.htm |
EX-12.A - EXHIBIT 12(A) - PPL Corp | exhibit12a.htm |
EX-31.J - EXHIBIT 31J - PPL Corp | exhibit31j.htm |
EX-31.B - EXHIBIT 31B - PPL Corp | exhibit31b.htm |
10-Q - FORM 10-Q - PPL Corp | form10q.htm |
EX-12.D - EXHIBIT 12(D) - PPL Corp | exhibit12d.htm |
Exhibit 12(c) | ||||||||||||||||||||||||||||
LG&E AND KU ENERGY LLC AND SUBSIDIARIES | ||||||||||||||||||||||||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||||||||||
(Millions of Dollars) | ||||||||||||||||||||||||||||
Predeces- | ||||||||||||||||||||||||||||
Successor (a) | sor (b) | |||||||||||||||||||||||||||
6 Months | Year | Year | Year | Year | 2 Months | 10 Months | ||||||||||||||||||||||
Ended | Ended | Ended | Ended | Ended | Ended | Ended | ||||||||||||||||||||||
Jun. 30, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | Dec. 31, | Oct. 31, | ||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2010 | ||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||||||
Income from Continuing Operations | ||||||||||||||||||||||||||||
Before Income Taxes | $ | 298 | $ | 553 | $ | 551 | $ | 331 | $ | 419 | $ | 70 | $ | 300 | ||||||||||||||
Adjustment to reflect earnings from | ||||||||||||||||||||||||||||
equity method investments on a cash | ||||||||||||||||||||||||||||
basis (c) | (2) | (1) | (1) | 33 | (1) | (4) | ||||||||||||||||||||||
Mark to market impact of derivative | ||||||||||||||||||||||||||||
instruments | 2 | (20) | ||||||||||||||||||||||||||
296 | 552 | 550 | 364 | 418 | 72 | 276 | ||||||||||||||||||||||
Total fixed charges as below | 89 | 173 | 151 | 157 | 153 | 25 | 158 | |||||||||||||||||||||
Total earnings | $ | 385 | $ | 725 | $ | 701 | $ | 521 | $ | 571 | $ | 97 | $ | 434 | ||||||||||||||
Fixed charges, as defined: | ||||||||||||||||||||||||||||
Interest charges (d) (e) | $ | 85 | $ | 167 | $ | 145 | $ | 151 | $ | 147 | $ | 24 | $ | 153 | ||||||||||||||
Estimated interest component of | ||||||||||||||||||||||||||||
operating rentals | 4 | 6 | 6 | 6 | 6 | 1 | 5 | |||||||||||||||||||||
Total fixed charges | $ | 89 | $ | 173 | $ | 151 | $ | 157 | $ | 153 | $ | 25 | $ | 158 | ||||||||||||||
Ratio of earnings to fixed charges | 4.3 | 4.2 | 4.6 | 3.3 | 3.7 | 3.9 | 2.7 |
(a) | Post-acquisition activity covering the time period after October 31, 2010. | |
(b) | Pre-acquisition activity covering the time period prior to November 1, 2010. | |
(c) | Includes other-than-temporary impairment loss of $25 million in 2012. | |
(d) | Includes interest on long-term and short-term debt, as well as amortization of loss on reacquired debt and amortization of debt discount, expense and premium - net. | |
(e) | Includes a credit for amortization of a fair market value adjustment of $7 million in 2013. |
114 |