EX-12 4 ppl10q3-02_exhibit12b.htm ENERGY SUPPLY Exhibit 12(b)
Exhibit 12(b)
PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
12 Months
Ended
March 31,
12 Months
Ended
December 31,
2002 (b)
2001 (b)
2000 (b)
1999
1998
1997
Fixed charges, as defined:
Interest on long-term debt $
53
 $
36
 $
54
 $
20
$
11
$
1
Interest on short-term debt and
  other interest
11
33
75
32
14
11
Amortization of debt discount,
  expense and premium - net
4
2
11
1
Estimated interest component of
  operating rentals
19
19
9
Total fixed charges $
87
 $
90
 $
149
 $
53
$
25
$
12
Earnings, as defined:
Net income(loss) (a) $
112
 $
168
 $
246
 $
(20)
 $
12
$
(15
 )
Less undistributed income of
  equity method investments
5
20
74
56
3
(25
 )
$
107
 $
148
 $
172
 $
(76)
$
9
$
10
Add (Deduct):
Income taxes
230
274
124
(29)
(6)
(1
 )
Total fixed charges as above
  (excluding capitalized interest
  on capital lease obligations)
87
90
149
53
25
12
Total earnings $
424
 $
512
 $
445
 $
(52)
 $
28
$
21
Ratio of earnings to fixed charges
4.9
5.7
3.0
(1.0)
1.1
1.8
Deficiency
$
0
$
0
$
0
$
105
$
0
$
0
(a)   Net income excludes minority interest and the cumulative effect of a change in accounting
  principle.
(b)   Due to the corporate realignment on July 1, 2000, data subsequent to 2000 is not comparable
  to prior years. See Note 16 in PPL Energy Supply's Form 10-K for the year ended
  December 31, 2001 for additional information.