Exhibit 12(a)

		PPL CORPORATION AND SUBSIDIARIES
		COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
		(Millions of Dollars)
				12 Months	12 Months
				Ended	Ended
				September 30,	December 31,
				2001	2000	1999 (c)	1998 (c)	1997 (c)
Fixed charges, as defined:
	Interest on long-term debt			$    350	$    323	$    233	$    203	$    196
	Interest on short-term debt and other interest			55	64	47	33	26
	Amortization of debt discount, expense and premium - net			7	5	4	2	2
	Interest on capital lease obligations:
		Charged to expense			4	9	8	9
		Capitalized				1	2	2
	Estimated interest component of operating rentals			36	25	20	18	15
			Total fixed charges	$    448	$    421	$    314	$    266	$    250
Earnings, as defined:
	Net income (a)			$    612	$    491	$    492	$    379	$    296
	Preferred security dividend requirements			42	26	26	25	24
	Less undistributed income of equity method investments			67	74	56	3	(25)
				587	443	462	401	345
Add (Deduct):
	Income taxes			327	294	174	259	238
	Amortization of capitalized interest on capital leases				2	2	2	2
	Total fixed charges as above (excluding capitalized interest on capitalized lease obligations)			448	421	313	264	248
			Total earnings	$    1,362	$ 1,160	$    951	$    926	$    833
Ratio of earnings to fixed charges (b)				3.04	2.75	3.03	3.48	3.33
(a)		2001, 2000, 1999 and 1998 net income excluding extraordinary items.
(b)		Based on earnings excluding nonrecurring items, the ratio of earnings to fixed charges are:
		2000, 2.66; 1999, 2.80; 1998, 3.10; and 1997, 3.51.
(c)		Ratio of earnings to fixed charges for years 1999 and prior were recalculated to give proper effect of undistributed
		earnings of equity method investments.