Attached files

file filename
EX-32.A - EXHIBIT 32.A - PPL Corpexhibit32a.htm
EX-12.D - EXHIBIT 12D - PPL Corpexhibit12d.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.C - EXHIBIT 12C - PPL Corpexhibit12c.htm
EX-12.B - EXHIBIT 12B - PPL Corpexhibit12b.htm
EX-31.I - EXHIBIT 31.I - PPL Corpexhibit31i.htm

Exhibit 12(e)  
KENTUCKY UTILITIES COMPANY  
   
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 Before Income Taxes   $ 121   $ 374   $ 355   $ 360   $ 215   $ 282  
    Adjustment to reflect earnings from                                      
      equity method investments on a cash                                      
      basis (a)           (1)     (1)     (1)     33     (1)  
            121     373     354     359     248     281  
                                                 
    Total fixed charges as below     25     86     80     73     72     73  
                                                 
        Total earnings   $ 146   $ 459   $ 434   $ 432   $ 320   $ 354  
                                                 
Fixed charges, as defined:                                      
    Interest charges (b)   $ 24   $ 82   $ 77   $ 70   $ 69   $ 70  
    Estimated interest component of                                      
     operating rentals     1     4     3     3     3     3  
                                                 
        Total fixed charges   $ 25   $ 86   $ 80   $ 73   $ 72   $ 73  
                                                 
Ratio of earnings to fixed charges     5.8     5.3     5.4     5.9     4.4     4.8  

 

(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.
     

 

 

 

101