PPL Corp - FORM 10-Q - EX-12.D - EXHIBIT 12.D - 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.C - EXHIBIT 12.C - PPL Corpppl-3312017_ex12c.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(d)

LOUISVILLE GAS AND ELECTRIC COMPANY

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 Before Income Taxes
$
87

 
$
329

 
$
299

 
$
272

 
$
257

 
$
192

Total fixed charges as below
18

 
76

 
61

 
51

 
36

 
44

 
 
 
 
 
 
 
 
 
 
 
 
Total earnings
$
105

 
$
405

 
$
360

 
$
323

 
$
293

 
$
236

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
 
Interest charges (a) (b)
$
17

 
$
71

 
$
57

 
$
49

 
$
34

 
$
42

Estimated interest component of operating rentals
1

 
5

 
4

 
2

 
2

 
2

 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
$
18

 
$
76

 
$
61

 
$
51

 
$
36

 
$
44

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
5.8

 
5.3

 
5.9

 
6.3

 
8.1

 
5.4

(a)
 
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.
(b)
 
Includes a credit for amortization of a fair market value adjustment of $7 million in 2013.
 



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