SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 18, 1996 KENTUCKY UTILITIES COMPANY (Exact name of registrant as specified in its charter) KENTUCKY AND VIRGINIA 1-3464 61-0247570 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) ONE QUALITY STREET, LEXINGTON, KENTUCKY 40507 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (606) 255-2100 NOT APPLICABLE (Former name or former address, if changed since last report) -1- KENTUCKY UTILITIES COMPANY Item 5. Other Information SELECTED INFORMATION FOR THE YEAR ENDED DECEMBER 31, 1995 (UNAUDITED) Customers Approximately 454,100 Sources of KWH Generation for the year ended December 31, 1995 99% coal and 1% other Estimated 1996-2000 Construction Expenditures (including Environmental Compliance of approximately $10 million) $541 million Selected Financial Information (Dollars in Thousands) Selected Income Statement Data (unaudited): Year Ended December 31, 1995 Operating Revenues $ 686,430 Income Before Interest Charges $ 116,849 Net Income $ 76,842 Ratio of Earnings to Fixed Charges (unaudited): The ratio of earnings to fixed charges is computed by dividing earnings by fixed charges. Earnings consist of net income plus fixed charges, current income taxes, deferred income taxes-net and deferred investment tax credit-net and excludes undistributed earnings of an equity investment. Fixed charges consist of interest on long-term debt (net of amortization and debt discount, premium and expense) and other interest charges. Year Ended December 31, 1995 Ratio of Earnings to Fixed Charges 3.94 -2- Capitalization (unaudited): Capitalization of Kentucky Utilities Company as of December 31, 1995, as adjusted, gives effect to the sale of $36 million of first mortgage bonds and the use of the estimated net proceeds thereof to retire $35.5 million of currently outstanding first mortgage bonds. As of December 31, 1995 Percent of Capitalization Actual As Adjusted As Adjusted Long-Term Debt, including unamortized premium $ 546,001 $ 546,501 47.0% Preferred Stock 40,000 40,000 3.4 Common Stock Equity 576,537 576,537 49.6 Total Capitalization $1,162,538 $1,163,038 100.0% Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits. The following exhibit is filed as part of this report: Exhibit Number Description 12.01 Computation of Ratio of Earnings to Fixed Charges. -3- KENTUCKY UTILITIES COMPANY SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. KENTUCKY UTILITIES COMPANY (Registrant) Date January 18, 1996 /s/ Michael R. Whitley Michael R. Whitley Chairman of the Board and Chief Executive Officer -4-