<ARTICLE> UT <CIK> 0000055387 <NAME> KENTUCKY UTILITIES COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 1,473,541 <OTHER-PROPERTY-AND-INVEST> 14,408 <TOTAL-CURRENT-ASSETS> 212,827 <TOTAL-DEFERRED-CHARGES> 57,455 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 1,758,231 <COMMON> 307,545 <F1> <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 310,231 <TOTAL-COMMON-STOCKHOLDERS-EQ> 617,776 <PREFERRED-MANDATORY> 0 <PREFERRED> 40,000 <LONG-TERM-DEBT-NET> 546,330 <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> 554,125 <TOT-CAPITALIZATION-AND-LIAB> 1,758,231 <GROSS-OPERATING-REVENUE> 217,349 <INCOME-TAX-EXPENSE> 17,144 <OTHER-OPERATING-EXPENSES> 163,238 <TOTAL-OPERATING-EXPENSES> 180,382 <OPERATING-INCOME-LOSS> 36,967 <OTHER-INCOME-NET> 2,168 <INCOME-BEFORE-INTEREST-EXPEN> 39,135 <TOTAL-INTEREST-EXPENSE> 9,507 <NET-INCOME> 29,628 <PREFERRED-STOCK-DIVIDENDS> 564 <EARNINGS-AVAILABLE-FOR-COMM> 29,064 <COMMON-STOCK-DIVIDENDS> 18,564 <TOTAL-INTEREST-ON-BONDS> 9,248 <CASH-FLOW-OPERATIONS> 34,512 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Includes common stock expense of $595. </FN>