Exhibit 23.01


                      CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


          As  independent  public accountants,  we  hereby  consent to  the
          incorporation by reference in  this registration statement of our
          reports  dated  January 27,  1994  incorporated  by reference  or
          included  in  the  Kentucky   Utilities  Company  and  KU  Energy
          Corporation  Form 10-K's for the year ended December 31, 1993 and
          our  report dated June 9, 1994 included in the Kentucky Utilities
          Company  Annual Report on Form  11-K for the  year ended December
          31, 1993.




                                                      /s/ Arthur Andersen LLP
                                                      ARTHUR ANDERSEN LLP




          December 27, 1994
          Chicago, Illinois



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