Attached files

file filename
EX-4.A - EXHIBIT 4(A) - PPL Corpexhibit4a.htm
EX-12.C - EXHIBIT 12(C) - PPL Corpexhibit12c.htm
EX-31.I - EXHIBIT 31I - PPL Corpexhibit31i.htm
EX-31.H - EXHIBIT 31H - PPL Corpexhibit31h.htm
EX-32.B - EXHIBIT 32B - PPL Corpexhibit32b.htm
EX-31.D - EXHIBIT 31D - PPL Corpexhibit31d.htm
EX-32.E - EXHIBIT 32E - PPL Corpexhibit32e.htm
EX-12.B - EXHIBIT 12(B) - PPL Corpexhibit12b.htm
EX-31.G - EXHIBIT 31G - PPL Corpexhibit31g.htm
EX-31.A - EXHIBIT 31A - PPL Corpexhibit31a.htm
EX-32.C - EXHIBIT 32C - PPL Corpexhibit32c.htm
EX-32.D - EXHIBIT 32D - PPL Corpexhibit32d.htm
EX-32.A - EXHIBIT 32A - PPL Corpexhibit32a.htm
EX-31.C - EXHIBIT 31C - PPL Corpexhibit31c.htm
EX-31.F - EXHIBIT 31F - PPL Corpexhibit31f.htm
EX-31.E - EXHIBIT 31E - PPL Corpexhibit31e.htm
EX-12.A - EXHIBIT 12(A) - PPL Corpexhibit12a.htm
EX-31.J - EXHIBIT 31J - PPL Corpexhibit31j.htm
EX-31.B - EXHIBIT 31B - PPL Corpexhibit31b.htm
10-Q - FORM 10-Q - PPL Corpform10q.htm
EX-12.D - EXHIBIT 12(D) - PPL Corpexhibit12d.htm

Exhibit 12(e)  
KENTUCKY UTILITIES COMPANY  
   
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 Before Income Taxes   $  188   $  355   $  360   $  215   $  282   $  55     $  218  
    Adjustment to reflect earnings from                                              
      equity method investments on a cash                                              
      basis (c)      (2)      (1)      (1)      33      (1)              (4)  
             186      354      359      248      281      55        214  
                                                         
    Total fixed charges as below      40      80      73      72      73      11        71  
                                                         
        Total earnings   $  226   $  434   $  432   $  320   $  354   $  66     $  285  
                                                         
Fixed charges, as defined:                                              
    Interest charges (d)   $  38   $  77   $  70   $  69   $  70   $  10     $  69  
    Estimated interest component of                                              
     operating rentals      2      3      3      3      3      1        2  
                                                         
        Total fixed charges   $  40   $  80   $  73   $  72   $  73   $  11     $  71  
                                                         
Ratio of earnings to fixed charges      5.7      5.4      5.9      4.4      4.8      6.0        4.0  

 

(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.
     

 

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