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 reports dated January 30, 1995, included in or incorporated by reference in KU Energy Corporation's Form 10-K for the year ended December 31, 1994. /s/ Arthur Andersen LLP Arthur Andersen LLP Chicago, Illinois March 9, 1995 -66-