<ARTICLE> UT <CIK> 0000060549 <NAME> LOUISVILLE GAS AND ELECTRIC COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,707,628 <OTHER-PROPERTY-AND-INVEST> 1,109 <TOTAL-CURRENT-ASSETS> 274,253 <TOTAL-DEFERRED-CHARGES> 71,292 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 2,054,282 <COMMON> 424,335 <F1> <CAPITAL-SURPLUS-PAID-IN> 85 <F2> <RETAINED-EARNINGS> 239,064 <TOTAL-COMMON-STOCKHOLDERS-EQ> 663,484 <PREFERRED-MANDATORY> 0 <PREFERRED> 95,328 <LONG-TERM-DEBT-NET> 626,800 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 0 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 668,670 <TOT-CAPITALIZATION-AND-LIAB> 2,054,282 <GROSS-OPERATING-REVENUE> 434,733 <INCOME-TAX-EXPENSE> 26,082 <OTHER-OPERATING-EXPENSES> 342,696 <TOTAL-OPERATING-EXPENSES> 368,778 <OPERATING-INCOME-LOSS> 65,955 <OTHER-INCOME-NET> (23,825)<F3> <INCOME-BEFORE-INTEREST-EXPEN> 42,130 <TOTAL-INTEREST-EXPENSE> 18,710 <NET-INCOME> 23,420 <PREFERRED-STOCK-DIVIDENDS> 2,266 <EARNINGS-AVAILABLE-FOR-COMM> 21,154 <COMMON-STOCK-DIVIDENDS> 41,000 <TOTAL-INTEREST-ON-BONDS> 17,469 <CASH-FLOW-OPERATIONS> 111,674 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Includes common stock expense of $836. <F2>Represents unrealized loss on marketable securities, net of taxes. <F3>Includes merger cost to achieve. See Note 2 of Notes to Financial Statements. </FN>