PPL Corp - FORM 10-Q - EX-12.C - EXHIBIT 12.C - May 4, 2017

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EX-31.C - EXHIBIT 31.C - PPL Corpppl-3312017_ex31c.htm
10-Q - PPL CORPORATION FORM 10-Q - PPL Corpppl-3312017x10q.htm
EX-32.E - EXHIBIT 32.E - PPL Corpppl-3312017_ex32e.htm
EX-32.D - EXHIBIT 32.D - PPL Corpppl-3312017_ex32d.htm
EX-32.C - EXHIBIT 32.C - PPL Corpppl-3312017_ex32c.htm
EX-32.B - EXHIBIT 32.B - PPL Corpppl-3312017_ex32b.htm
EX-32.A - EXHIBIT 32.A - PPL Corpppl-3312017_ex32a.htm
EX-31.J - EXHIBIT 31.J - PPL Corpppl-3312017_ex31j.htm
EX-31.I - EXHIBIT 31.I - PPL Corpppl-3312017_ex31i.htm
EX-31.H - EXHIBIT 31.H - PPL Corpppl-3312017_ex31h.htm
EX-31.G - EXHIBIT 31.G - PPL Corpppl-3312017_ex31g.htm
EX-31.F - EXHIBIT 31.F - PPL Corpppl-3312017_ex31f.htm
EX-31.E - EXHIBIT 31.E - PPL Corpppl-3312017_ex31e.htm
EX-31.D - EXHIBIT 31.D - PPL Corpppl-3312017_ex31d.htm
EX-31.B - EXHIBIT 31.B - PPL Corpppl-3312017_ex31b.htm
EX-31.A - EXHIBIT 31.A - PPL Corpppl-3312017_ex31a.htm
EX-12.E - EXHIBIT 12.E - PPL Corpppl-3312017_ex12e.htm
EX-12.D - EXHIBIT 12.D - PPL Corpppl-3312017_ex12d.htm
EX-12.B - EXHIBIT 12.B - PPL Corpppl-3312017_ex12b.htm
EX-12.A - EXHIBIT 12.A - PPL Corpppl-3312017_ex12a.htm
EX-10.A - EXHIBIT 10.A - PPL Corpppl-3312017_ex10a.htm


Exhibit 12(c)

LG&E AND KU ENERGY LLC AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
 
Three Months Ended March 31,
 
Years Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings, as defined:
 
 
 
 
 
 
 
 
 
 
 
Income from Continuing Operations Before Income Taxes
$
166

 
$
686

 
$
603

 
$
553

 
$
551

 
$
331

Adjustment to reflect earnings from equity method investments on a cash basis (a)
1

 
(1
)
 
(1
)
 
(1
)
 
(1
)
 
33

 
167

 
685

 
602

 
552

 
550

 
364

 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges as below
55

 
223

 
189

 
173

 
151

 
157

 
 
 
 
 
 
 
 
 
 
 
 
Total earnings
$
222

 
$
908

 
$
791

 
$
725

 
$
701

 
$
521

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
 
Interest charges (b) (c)
$
53

 
$
214

 
$
181

 
$
167

 
$
145

 
$
151

Estimated interest component of operating rentals
2

 
9

 
8

 
6

 
6

 
6

 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
$
55

 
$
223

 
$
189

 
$
173

 
$
151

 
$
157

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.0

 
4.1

 
4.2

 
4.2

 
4.6

 
3.3

(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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