EXHIBIT 23 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation by reference in the previously filed Form S-8 Registration Statements of KU Energy Corporation and Kentucky Utilities Company (File Nos. 33-44234 and 33-57087) of our report dated January 29, 1996, included in Kentucky Utilities Company's Form 10-K for the year ended December 31, 1995. /s/ Arthur Andersen LLP Arthur Andersen LLP Chicago, Illinois March 8, 1996 -93-