EXHIBIT 23.02


                  CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation by
reference of our report dated January 26, 2000 (except with respect to the
matters discussed in Note 16, as to which the date is March 3, 2000) included
in this Form 10-K, into Louisville Gas and Electric Company's previously
filed Registration Statement No. 33-13427.


                                                 /s/ Arthur Andersen LLP
                                                 ---------------------------
                                                 Arthur Andersen LLP

Louisville, Kentucky
March 23, 2000