Exhibit 12(c)

PPL MONTANA, LLC AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Millions of Dollars)

12 Months Ended
September 30, 2001	December 31, 2000

Fixed charges, as defined:
	Interest expense on credit facility		$      4	$     16
	Amortization of financing costs		1	3
	Amortization of wholesale energy commitments		6	7
	Interest with rental expense		16	6
		Total fixed charges	$     27	$     32
Earnings, as defined:
	Net income		$    162	$     88
Add (Deduct):
	Income taxes		106	58
	Total fixed charges as above		27	32
		Total earnings	$  295	$  178
Ratio of earnings to fixed charges			10.93	5.56