Attached files

file filename
EX-32.A - EXHIBIT 32.A - PPL Corpexhibit32a.htm
EX-12.D - EXHIBIT 12D - PPL Corpexhibit12d.htm
EX-12.E - EXHIBIT 12E - PPL Corpexhibit12e.htm
EX-31.B - EXHIBIT 31.B - PPL Corpexhibit31b.htm
EX-12.A - EXHIBIT 12A - PPL Corpexhibit12a.htm
10-Q - FORM 10-Q - PPL Corpform10q.htm
EX-32.C - EXHIBIT 32.C - PPL Corpexhibit32c.htm
EX-31.F - EXHIBIT 31.F - PPL Corpexhibit31f.htm
EX-31.A - EXHIBIT 31.A - PPL Corpexhibit31a.htm
EX-31.D - EXHIBIT 31.D - PPL Corpexhibit31d.htm
EX-32.E - EXHIBIT 32.E - PPL Corpexhibit32e.htm
EX-32.D - EXHIBIT 32.D - PPL Corpexhibit32d.htm
EX-31.G - EXHIBIT 31.G - PPL Corpexhibit31g.htm
EX-31.E - EXHIBIT 31.E - PPL Corpexhibit31e.htm
EX-32.B - EXHIBIT 32.B - PPL Corpexhibit32b.htm
EX-31.J - EXHIBIT 31.J - PPL Corpexhibit31j.htm
EX-31.C - EXHIBIT 31.C - PPL Corpexhibit31c.htm
EX-31.H - EXHIBIT 31.H - PPL Corpexhibit31h.htm
EX-12.B - EXHIBIT 12B - PPL Corpexhibit12b.htm
EX-31.I - EXHIBIT 31.I - PPL Corpexhibit31i.htm

Exhibit 12(c)  
LG&E AND KU ENERGY LLC AND SUBSIDIARIES  
   
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES  
(Millions of Dollars)  
   
              3 Months                      
              Ended                      
              March 31,   Years Ended December 31,  
              2016   2015   2014   2013   2012   2011  
Earnings, as defined:                                      
    Income from Continuing Operations                                      
      Before Income Taxes   $ 192   $ 603   $ 553   $ 551   $ 331   $ 419  
    Adjustment to reflect earnings from                                      
      equity method investments on a cash                                      
      basis (a)           (1)     (1)     (1)     33     (1)  
            192     602     552     550     364     418  
                                                 
    Total fixed charges as below     55     189     173     151     157     153  
                                                 
        Total earnings   $ 247   $ 791   $ 725   $ 701   $ 521   $ 571  
                                                 
Fixed charges, as defined:                                      
    Interest charges (b) (c)   $ 53   $ 181   $ 167   $ 145   $ 151   $ 147  
    Estimated interest component of                                      
      operating rentals     2     8     6     6     6     6  
                                                 
        Total fixed charges   $ 55   $ 189   $ 173   $ 151   $ 157   $ 153  
                                                 
Ratio of earnings to fixed charges     4.5     4.2     4.2     4.6     3.3     3.7  

 

(a)   Includes other-than-temporary impairment loss of $25 million in 2012.
(b)   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.
(c)   Includes a credit for amortization of a fair market value adjustment of $7 million in 2013.

 

 

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