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KU ENERGY ANNOUNCES EARNINGS

 LEXINGTON, Ky., April 19 /PRNewswire/ -- KU Energy Corporation (NYSE: KU) today reported an increase in common stock earnings for the first quarter of 1993. Earnings for the three and twelve months ended March 31, 1993, were $.63 and $2.01 per share, respectively, as compared to $.58 and $2.09 per share for the corresponding periods of 1992.
 Commenting on the improved results for the quarter, KU Energy Chairman John T. Newton said, "Our earnings for the first quarter benefited from increased sales that reflected cooler winter temperatures in our service area."
 Results for the current periods reflect an increase in operating expenses of about $1.0 million (net of tax and capitalization) or 3 cents per share associated with the adoption of Statement of Financial Accounting Standards No. 106 (SFAS 106) effective Jan. 1, 1993. Under SFAS 106, the Company is required to accrue the expected cost of providing postretirement benefits, primarily health care, during an employee's years of service. These benefits were previously expensed as they were paid.
 Sales for the first quarter of 1993 were up 6 percent from the first quarter of 1992. Reflecting the cooler weather, residential sales increased 9 percent. Industrial sales showed continued strength, rising 8 percent for the quarter.
 Operating revenues for the first three months of 1993 totaled $154.3 million, up 5 percent from the first quarter of 1992. Operating expenses for the period were $123.2 million, also 5 percent above the comparable quarter of last year.
 Sales for the twelve months ended March 31, 1993, were 1 percent above the comparable period of 1992. Operating revenues for the twelve- month period of 1993 totaled $584.0 million, down almost 1 percent from 1992. Operating expenses for the twelve-month period were $477.0 million also down almost 1 percent from 1992.
 KU Energy Corporation is a holding company whose principal subsidiary is Kentucky Utilities Company.
 KU ENERGY CORPORATION AND SUBSIDIARIES
 STATEMENTS OF INCOME
 FOR THE PERIODS ENDED MARCH 31, 1993 AND 1992
 (Unaudited)
 Three Months Ended Twelve Months Ended
 March 31, March 31,
 1993 1992 1993 1992
 (in thousands except for per share amounts)
 Operating Revenues $154,273 $146,494 $584,040 $587,481
 Operating Expenses:
 Fuel, principally coal,
 used in generation 43,658 42,069 170,060 179,670
 Electric power purchased 9,968 7,537 35,185 28,583
 Other operating expenses 25,418 23,844 96,683 95,272
 Maintenance 11,325 12,745 59,849 60,226
 Depreciation 15,232 14,737 59,426 57,704
 Federal and state income
 taxes 13,937 12,673 42,257 45,161
 Other taxes 3,710 3,568 13,543 13,003
 123,248 117,173 477,003 479,619
 Net Operating Income 31,025 29,321 107,037 107,862
 Other Income and Deductions:
 Interest and dividend income 1,375 1,674 7,567 8,015
 Other income and deductions -
 net 1,250 953 4,713 3,891
 2,625 2,627 12,280 11,906
 Income Before Interest and
 Other Charges 33,650 31,948 119,317 119,768
 Interest and Other Charges 9,801 10,034 43,200 40,697
 Net Income $ 23,849 $ 21,914 $ 76,117 $ 79,071
 Average Common Shares
 Outstanding 37,818 37,818 37,818 37,818
 Earnings Per Common Share $ .63 $ .58 $ 2.01 $ 2.09
 The information contained herein is not given in connection with the sale or offer for sale or offer to buy any security.
 -0- 4/19/93
 /CONTACT: William N. English of KU Energy Corporation, 606-288-1155/
 (KU)


CO: KU Energy Corporation ST: Kentucky IN: UTI SU: ERN

CM-SB -- CH010 -- 7506 04/19/93 14:55 EDT
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Date:Apr 19, 1993
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