EXHIBIT 23.04


                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our report dated January 30, 1995,
appearing on page 24 of Kentucky Utilities Company's Form 10-K for the year
ended December 31, 1994, and to all references to our firm included in this
registration statement.


                                                            ARTHUR ANDERSEN LLP


Chicago, Illinois,
   May 10, 1995