PPL Corp - FORM 10-Q - EX-12.E - EXHIBIT 12.E - 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.D - EXHIBIT 12.D - PPL Corpppl-3312017_ex12d.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(e)

KENTUCKY UTILITIES 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
$
102

 
$
428

 
$
374

 
$
355

 
$
360

 
$
215

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

 
(1
)
 
(1
)
 
(1
)
 
(1
)
 
33

 
103

 
427

 
373

 
354

 
359

 
248

 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges as below
25

 
100

 
86

 
80

 
73

 
72

 
 
 
 
 
 
 
 
 
 
 
 
Total earnings
$
128

 
$
527

 
$
459

 
$
434

 
$
432

 
$
320

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
 
 
 
 
Interest charges (b)
$
24

 
$
96

 
$
82

 
$
77

 
$
70

 
$
69

Estimated interest component of operating rentals
1

 
4

 
4

 
3

 
3

 
3

 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
$
25

 
$
100

 
$
86

 
$
80

 
$
73

 
$
72

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
5.1

 
5.3

 
5.3

 
5.4

 
5.9

 
4.4

(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.
 



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