Exhibit 12(a)
PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars)
			12 Months Ended September 30,			12 Months Ended December 31,
			2003			2002			2001		2000		1999 (c)			1998 (c)
Fixed charges, as defined:
	Interest on long-term debt (a)		$	132		$	169		$	36	$	54	$	20		$	11
	Interest on short-term debt and   other interest			46			52			33		75		32			14
	Amortization of debt discount,   expense and premium - net			37			9			2		11		1
	Estimated interest component of   operating rentals			42			23			19		9
	Preferred securities distributions   of subsidiaries on a pre-tax   basis			10			12
		Total fixed charges	$	267		$	265		$	90	$	149	$	53		$	25
Earnings, as defined:
	Net income (loss) (b)		$	616		$	507		$	168	$	246	$	(20	)	$	12
	Preferred security dividend   requirement			8			9
	Less undistributed income   (loss) of equity method   investments			(21	)		(22	)		20		74		56			3
				645			538			148		172		(76	)		9
Add:
	Income taxes (benefit)			230			266			274		125		(29	)		(6	)
	Total fixed charges as above (excluding capitalized interest   and preferred stock dividends   of subsidiaries on a pre-tax   basis)			249			234			66		135		52			24
		Total earnings	$	1,124		$	1,038		$	488	$	432	$	(53	)	$	27
Ratio of earnings to fixed charges				4.2			3.9			5.4		2.9		(1.0	)		1.1
Deficiency													$	106
(a)	The 2003 and 2002 periods were impacted by the acquisition of a controlling interest in WPD. See Note 7 to the Financial Statements for additional information.
(b)	Net income (loss) excludes minority interest and the cumulative effect of a change in accounting principle.
(c)	Due to the corporate realignment on July 1, 2000, data in 2000 and subsequent years are not comparable to prior years. See Note 19 in PPL Energy Supply's Form 10-K for the year ended December 31, 2002 for additional information.