LOUISVILLE GAS AND ELECTRIC COMPANY Gas Rates 2018 Monthly Billing Adjustments

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2018 Monthly Billing Adjustments GAS LINE TRACKER CHARGES GAS LINE TRACKER CHARGES DSM (2) PER MONTH PER METER PER MONTH PER CCF TAX CUTS AND JOBS ACT $ Per CCF Firm Trans. SURCREDIT ($ per ccf) (3) GAS Residential Commercial & Local SUPPLY Rate RGS Rate CGS, Residential Commercial Industrial Residential Commercial Industrial Del. Serv. Non-Residential CLAUSE(1) & VFD IGS, AAGS, Rate RGS Rate CGS Rate IGS, Rate RGS Rate CGS Rate IGS Rate FT Residential all other BILLING PERIOD $ Per CCF SGSS & FT & VFD & SGSS AAGS,DGGS & VFD & SGSS AAGS, DGGS & LGDS RGS, VFD rate schedules Apr-18 $0.39332 $0.02404 $0.00117 $0.71 $3.53 $43.93 $0.00065 $0.00050 $0.00020 $0.00003 ($0.05042) ($0.02087) Mar-18 $0.39332 $0.02045 $0.00107 $0.71 $3.53 $43.93 $0.00065 $0.00050 $0.00020 $0.00003 Feb-18 $0.39332 $0.02045 $0.00107 $0.71 $3.53 $43.93 $0.00065 $0.00050 $0.00020 $0.00003 Jan-18 $0.43432 $0.01877 $0.00102 $0.71 $3.53 $43.93 $0.00065 $0.00050 $0.00020 $0.00003 (1) Gas Supply Clause is effective with service-rendered on/after every February 1, May 1, August 1 and November 1. (2) New DSM rates effective service-rendered 1/30/2018 and 4/1/2018. (3) New TCJA surcredit rates effective service-rendered April 1.

2017 Monthly Billing Adjustments DSM GAS LINE TRACKER CHARGES PER MONTH PER METER GAS LINE TRACKER CHARGES PER MONTH PER CCF $ Per CCF Firm Trans. GAS Residential Commercial Distributed & Local Distributed SUPPLY Rate RGS Rate CGS, Residential Commercial Industrial As-Available Generation Residential Commercial Industrial As-Available Del. Serv. Generation BILLING PERIOD / CLAUSE*** & VFD AAGS, SGSS Rate RGS Rate CGS Rate RGS Rate CGS Rate FT EFFECTIVE DATE $ Per CCF & FT & VFD & SGSS Rate IGS Rate AAGS Rate DGGS & VFD & SGSS Rate IGS Rate AAGS & LGDS Rate DGGS Dec-17 (eff 11/29) $0.43432 $0.01877 $0.00102 $0.71 $3.53 $43.93 $43.93 $43.93 $0.00065 $0.00050 $0.00020 $0.00020 $0.00003 $0.00020 Nov-17 (eff 10/30) $0.43432 $0.01877 $0.00102 $0.71 $3.53 $43.93 $43.93 $43.93 $0.00065 $0.00050 $0.00020 $0.00020 $0.00003 $0.00020 Oct-17 (eff 9/29) $0.42667 $0.01877 $0.00102 $0.71 $3.53 $43.93 $43.93 $43.93 $0.00065 $0.00050 $0.00020 $0.00020 $0.00003 $0.00020 Sep-17 (eff 8/30) $0.42667 $0.01877 $0.00102 $0.71 $3.53 $43.93 $43.93 $43.93 $0.00065 $0.00050 $0.00020 $0.00020 $0.00003 $0.00020 Aug-17 (eff 8/1) $0.42667 $0.01877 $0.00102 $0.71 $3.53 $43.93 $43.93 $43.93 $0.00065 $0.00050 $0.00020 $0.00020 $0.00003 $0.00020 Jul-17 (eff 6/30) ** $0.44310 $0.01877** $0.00102 $0.71** $3.53** $43.93** $43.93** $43.93** $0.00065** $0.0005** $0.0002** $0.0002** $0.00003** $0.0002** Jun-17 (eff 6/1) $0.44310 $0.02134 $0.00102 $6.21 $33.13 $313.74 $3,431.68 $0.00 May-17 (eff 5/1) $0.44310 $0.02134 $0.00102 $6.21 $33.13 $313.74 $3,431.68 $0.00 Apr-17 (eff 3/30) $0.42950 $0.02134 $0.00102 $6.33 $33.76 $319.73 $3,497.20 $0.00 Mar-17 (eff 3/1) $0.42950 $0.01426 $0.00070 $6.33 $33.76 $319.73 $3,497.20 $0.00 2/7/2017* $0.42950 $0.01426 $0.00070 $6.33* $33.76* $319.73* $3,497.20* $0.00 Feb-17 (eff 1/31) $0.42950 $0.01426 $0.00070 $5.14 $27.41 $259.54 $2,838.87 $0.00 Jan-17 (eff 12/30) $0.41142 $0.01426 $0.00070 $5.14 $27.41 $259.54 $2,838.87 $0.00 * Revised Gas Line Tracker Charges Became Effective With Service Rendered On and After February 7, 2017. ** Revised RGS and VFD DSM rates and revised Gas Line Tracker Charges Became Effective With Service Rendered On and After July 1, 2017. *** Gas Supply Clause is effective with services-rendered on/after every February 1, May 1, August 1 and November 1.

2016 Monthly Billing Adjustments Gas Line Tracker Charges Per Month Per Meter Distributed Gas Supply Residential Commercial Residential Commercial Industrial As-Available Generation Clause RGS CGS, IGS, Rates RGS Billing Month & VFD AAGS & FT & VFD Rate CGS Rate IGS Rate AAGS Rate DGGS Dec-16 $0.41142 $0.01084 $0.00057 $5.14 $27.41 $259.54 $2,838.87 $0.00 Nov-16 $0.41142 $0.01084 $0.00057 $5.14 $27.41 $259.54 $2,838.87 $0.00 Oct-16 $0.38216 $0.01084 $0.00057 $5.14 $27.41 $259.54 $2,838.87 $0.00 Sep-16 $0.38216 $0.01084 $0.00057 $5.14 $27.41 $259.54 $2,838.87 $0.00 Aug-16 $0.38216 $0.01084 $0.00057 $5.14 $27.41 $259.54 $2,838.87 $0.00 Jul-16 $0.35130 $0.01084 $0.00057 $5.14 $27.41 $259.54 $2,838.87 $0.00 Jun-16 $0.35130 $0.01084 $0.00057 $5.14 $27.41 $259.54 $2,838.87 $0.00 May-16 $0.35130 $0.01084 $0.00057 $5.14 $27.41 $259.54 $2,838.87 $0.00 Apr-16 $0.32343 $0.01084 $0.00057 $4.85 $25.87 $245.08 $2,688.31 $0.00 Mar-16 $0.32343 $0.00907 $0.00054 $4.85 $25.87 $245.08 $2,688.31 $0.00 Feb-16 $0.32343 $0.00907 $0.00054 $4.85 $25.87 $245.08 $2,688.31 $0.00 Jan-16 $0.34068 $0.00907 $0.00054 $3.77 $16.92 $149.69 $825.48 $0.00

2015 Monthly Billing Adjustments Gas Line Tracker Charges Per Month Per Meter Distributed Gas Supply Residential Commercial Residential Commercial Industrial As-Available Generation Clause RGS CGS, IGS, Rates RGS Billing Month & VFD AAGS & FT & VFD Rate CGS Rate IGS Rate AAGS Rate DGGS Dec-15 $0.34068 $0.00838 $0.00057 $3.77 $16.92 $149.69 $825.48 $0.00 Nov-15 $0.34068 $0.00838 $0.00057 $3.77 $16.92 $149.69 $825.48 $0.00 Oct-15 $0.29800 $0.00838 $0.00057 $3.77 $16.92 $149.69 $825.48 $0.00 Sep-15 $0.29800 $0.00838 $0.00057 $3.77 $16.92 $149.69 $825.48 $0.00 Aug-15 $0.29800 $0.00838 $0.00057 $3.77 $16.92 $149.69 $825.48 $0.00 Jul-15 $0.41597 $0.00838 $0.00057 $3.77 $16.92 $149.69 $825.48 $0.00 Jun-15 $0.41597 $0.01311 $0.00057 $3.77 $16.92 $149.69 $825.48 $0.00 May-15 $0.41597 $0.01311 $0.00057 $3.77 $16.92 $149.69 $825.48 $0.00 Apr-15 $0.49951 $0.01311 $0.00057 $2.53 $11.37 $100.59 $554.69 $0.00 Mar-15 $0.49951 $0.01941 $0.00093 $2.53 $11.37 $100.59 $554.69 $0.00 Feb-15 $0.49951 $0.01941 $0.00093 $2.53 $11.37 $100.59 $554.69 $0.00 Jan-15 $0.56128 $0.01941 $0.00093 $2.53 $11.37 $100.59 $554.69 $0.00

2014 Monthly Billing Adjustments Gas Line Tracker Charges Per Month Per Meter Distributed Gas Supply Residential Commercial Residential Commercial Industrial As-Available Generation Clause RGS CGS, AAGS, FT, Rates RGS Billing Month & VFD TS and TS2 & VFD Rate CGS Rate IGS Rate AAGS Rate DGGS Dec-14 $0.56128 $0.01623 $0.00093 $1.08 $ 4.83 $42.69 $235.45 $0.00 Nov-14 $0.56128 $0.01623 $0.00093 $1.08 $ 4.83 $42.69 $235.45 $0.00 Oct-14 $0.62313 $0.01623 $0.00093 $1.08 $ 4.83 $42.69 $235.45 $0.00 Sep-14 $0.62313 $0.01623 $0.00093 $1.08 $ 4.83 $42.69 $235.45 $0.00 Aug-14 $0.62313 $0.01623 $0.00093 $1.08 $ 4.83 $42.69 $235.45 $0.00 Jul-14 $0.59588 $0.01623 $0.00093 $1.08 $ 4.83 $42.69 $235.45 $0.00 Jun-14 $0.59588 $0.01623 $0.00093 $1.08 $ 4.83 $42.69 $235.45 $0.00 May-14 $0.59588 $0.01623 $0.00093 $1.08* $ 4.83* $42.69* $235.45* $0.00 Apr-14 $0.51891 $0.01623 $0.00093 $2.35 $10.54 $93.20 $513.95 $0.00 Mar-14 $0.51891 $0.02140 $0.00098 $2.35 $10.54 $93.20 $513.95 $0.00 Feb-14 $0.51891 $0.02140 $0.00098 $2.35 $10.54 $93.20 $513.95 $0.00 Jan-14 $0.51737 $0.02140 $0.00098 $2.35 $10.54 $93.20 $513.95 $0.00 * Revised Gas Line Tracker Charges Became Effective With Service Rendered On and After April 29, 2014.

2013 Monthly Billing Adjustments Gas Line Tracker Charges Per Month Per Meter Distributed Gas Supply Residential Commercial Residential Commercial Industrial As-Available Generation Clause RGS CGS, AAGS, FT, Rates RGS Billing Month & VFD TS and TS2 & VFD Rate CGS Rate IGS Rate AAGS Rate DGGS Dec-13 $0.51737 $0.01761 $0.00095 $2.27 $11.24 $90.32 $498.09 $0.00 Nov-13 $0.51737 $0.01761 $0.00095 $2.27 $11.24 $90.32 $498.09 $0.00 Oct-13 $0.55168 $0.01761 $0.00095 $2.27 $11.24 $90.32 $498.09 $0.00 Sep-13 $0.55168 $0.01761 $0.00095 $2.27 $11.24 $90.32 $498.09 $0.00 Aug-13 $0.55168 $0.01761 $0.00095 $2.27 $11.24 $90.32 $498.09 $0.00 Jul-13 $0.53324 $0.01761 $0.00095 $2.27 $11.24 $90.32 $498.09 $0.00 Jun-13 $0.53324 $0.01761 $0.00095 $2.27 $11.24 $90.32 $498.09 $0.00 May-13 $0.43069 $0.01761 $0.00095 $2.27 $11.24 $90.32 $498.09 $0.00 Apr-13 $0.43069 $0.01761 $0.00095 $2.27 $11.24 $90.32 $498.09 $0.00 Mar-13 $0.43069 $0.01307 $0.00094 $2.27 $11.24 $90.32 $498.09 $0.00 Feb-13 $0.43069 $0.01307 $0.00094 $2.27 $11.24 $90.32 $498.09 $0.00 Jan-13 $0.42501 $0.01307 $0.00094 $2.27 $11.24 $90.32 $498.09 $0.00

2012 Monthly Billing Adjustments Gas Supply Residential Commercial Clause RGS CGS, AAGS, Billing Month & VFD TS and FT Dec-12 $0.42501 $0.01709 $0.00137 Nov-12 $0.42501 $0.01709 $0.00137 Oct-12 $0.39627 $0.01709 $0.00137 Sep-12 $0.39627 $0.01709 $0.00137 Aug-12 $0.39627 $0.01709 $0.00137 Jul-12 $0.34904 $0.01709 $0.00137 Jun-12 $0.34904 $0.01709 $0.00137 May-12 $0.47423 $0.01709 $0.00137 Apr-12 $0.47423 $0.01709 $0.00137 Mar-12 $0.47423 $0.02566 $0.00116 Feb-12 $0.47423 $0.02566 $0.00116 Jan-12 $0.51602 $0.02566 $0.00116

2011 Monthly Billing Adjustments Gas Supply Residential Commercial Clause RGS CGS, AAGS, Billing Month & VFD TS and FT Dec-11 $0.51602 $0.01887 $0.00096 Nov-11 $0.51602 $0.01887 $0.00096 Oct-11 $0.56050 $0.01887 $0.00096 Sep-11 $0.56050 $0.01887 $0.00096 Aug-11 $0.56050 $0.01887 $0.00096 Jul-11 $0.56143 $0.01887 $0.00096 Jun-11 $0.56143 $0.01887 $0.00096 May-11 $0.52720 $0.01759 $0.00089 Apr-11 $0.52720 $0.01759 $0.00089 Mar-11 $0.52720 $0.01361 $0.00071 Feb-11 $0.52720 $0.01361 $0.00071 Jan-11 $0.53858 $0.01361 $0.00071

2010 Monthly Billing Adjustments Gas Supply Residential Commercial Clause RGS CGS, AAGS, Billing Month & VFD TS and FT Dec-10 $0.53858 $0.01326 $0.00093 Nov-10 $0.53858 $0.01326 $0.00093 Oct-10 $0.61494 $0.01326 $0.00093 Sep-10 $0.61494 $0.01326 $0.00093 Aug-10 $0.61494 $0.01326 $0.00093 Jul-10 $0.51880 $0.01394 $0.00093 Jun-10 $0.51880 $0.01394 $0.00093 May-10 $0.53494 $0.01394 $0.00093 Apr-10 $0.53494 $0.01394 $0.00093 Mar-10 $0.53494 $0.01124 $0.00094 Feb-10 $0.53494 $0.01124 $0.00094 Jan-10 $0.49129 $0.01124 $0.00094

2009 Monthly Billing Adjustments Gas Supply Residential Commercial Clause RGS CGS, AAGS, Billing Month & VFD TS and FT Dec-09 $0.49129 $0.00923 $0.00076 Nov-09 $0.49129 $0.00923 $0.00076 Oct-09 $0.46914 $0.00923 $0.00076 Sep-09 $0.46914 $0.00923 $0.00076 Aug-09 $0.46914 $0.00923 $0.00076 Jul-09 $0.59913 $0.00923 $0.00076 Jun-09 $0.59913 $0.00923 $0.00076 May-09 $0.96425 $0.00923 $0.00076 Apr-09 $0.96425 $0.00923 $0.00076 Mar-09 $0.96425 $0.01153 $0.00105 February 6, 2009 $0.96425 $0.01153 $0.00105 *See Note Below Feb-09 $0.96425 $0.01193 $0.00105 Jan-09 $1.10867 $0.01193 $0.00105 * The DSM billing factors will change on February 6th to the rates specified in the Tariff filed with the Comm

2008 Monthly Billing Adjustments Value Gas Supply Residential Commercial Delivery Clause RGS CGS, AAGS, Surcredit Billing Month & VFD TS and FT (% X Total Bill) Dec-08 $1.10867 $0.01069 $0.00125 0.000% Nov-08 $1.10867 $0.01069 $0.00125 0.000% Oct-08 $1.63725 $0.01069 $0.00125 0.000% Sep-08 $1.63725 $0.01069 $0.00125-0.742% Aug-08 $1.63725 $0.01069 $0.00125 0.000% Jul-08 $1.17652 $0.01069 $0.00125-0.537% Jun-08 $1.17652 $0.01069 $0.00125-0.537% May-08 $0.85082 $0.00521 $0.00003-0.537% Apr-08 $0.85082 $0.00521 $0.00003-0.537% Mar-08 $0.85082 $0.00736 -$0.00009-0.537% Feb-08 $0.85082 $0.00736 -$0.00009-0.537% Jan-08 $0.89477 $0.00736 -$0.00009-0.43%

2007 Monthly Billing Adjustments Value Gas Supply Residential Commercial Delivery Clause RGS CGS, AAGS, Surcredit Billing Month & VFD TS and FT (% X Total Bill) Dec-07 $0.89477 $0.00736 -$0.00009-0.49% Nov-07 $0.89477 $0.00736 -$0.00009-0.49% Oct-07 $0.88221 $0.00736 -$0.00009-0.49% Sep-07 $0.88221 $0.00736 -$0.00009-0.49% Aug-07 $0.88221 $0.00736 -$0.00009-0.49% Jul-07 $1.00111 $0.00736 -$0.00009-0.49% Jun-07 $1.00111 $0.00736 -$0.00009-0.49% May-07 $0.65666 $0.00736 -$0.00009-0.49% Apr-07 $0.65666 $0.00736 -$0.00009-0.49% Mar-07 $0.65666 $0.00904 $0.00006-0.49% Feb-07 $0.65666 $0.00904 $0.00006-0.49% Jan-07 $0.76748 $0.00904 $0.00006-0.43%

2006 Monthly Billing Adjustments Value Gas Supply Residential Commercial Delivery Clause RGS CGS, AAGS, Surcredit Billing Month & VFD TS and FT (% X Total Bill) Dec-06 $0.76748 $0.00863 $0.00004-0.43% Nov-06 $0.76748 $0.00863 $0.00004-0.43% Oct-06 $0.79760 $0.00863 $0.00004-0.43% Sep-06 $0.79760 $0.00863 $0.00004-0.43% Aug-06 $0.79760 $0.00863 $0.00004-0.43% Jul-06 $0.90189 $0.00863 $0.00004-0.43% Jun-06 $0.90189 $0.00863 $0.00004-0.43% May-06 $1.27454 $0.00863 $0.00004-0.43% Apr-06 $1.27454 $0.00863 $0.00004-0.43% Mar-06 $1.27454 $0.00519 -$0.00051 0.10% Feb-06 $1.27454 $0.00519 -$0.00051 0.10% Jan-06 $1.31984 $0.00519 -$0.00051-0.39%

2005 Monthly Billing Adjustments Value Gas Supply Residential Commercial Delivery Clause RGS CGS, AAGS, Surcredit Billing Month & VFD TS and FT (% X Total Bill) Dec-05 $1.31984 $0.00514 -$0.00051-0.44% Nov-05 $1.54139 $0.00514 -$0.00051-0.44% Oct-05 $0.93073 $0.00514 -$0.00051-0.44% Sep-05 $0.93073 $0.00514 -$0.00051-0.44% Aug-05 $0.93073 $0.00514 -$0.00051-0.44% Jul-05 $0.91984 $0.00514 -$0.00051-0.44% Jun-05 $0.91984 $0.00514 -$0.00051-0.44% May-05 $0.73789 $0.00514 -$0.00051-0.44% Apr-05 $0.73789 $0.00514 -$0.00051-0.44% Mar-05 $0.73789 $0.00349 -$0.00051-0.44% Feb-05 $0.73789 $0.00349 -$0.00051-0.44% Jan-05 $0.83816 $0.00349 -$0.00051-0.72%