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









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