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,
			2004			2003			2002			2001		2000 (b)		1999 (b)
Fixed charges, as defined:
	Interest on long-term debt		$	174		$	149		$	169		$	36	$	54	$	20
	Interest on short-term debt and   other interest			18			25			52			33		75		32
	Amortization of debt discount,   expense and premium - net			27			31			9			2		11		1
	Estimated interest component of   operating rentals			26			38			23			19		9
	Preferred securities distributions of   subsidiaries on a pre-tax basis			5			8			12
		Total fixed charges	$	250		$	251		$	265		$	90	$	149	$	53
Earnings, as defined:
	Net income (loss) (a)		$	714		$	719		$	509		$	168	$	246	$	(20	)
	Preferred security dividend requirement			4			5			9
	Less undistributed income (loss)   of equity method investments			(10	)		(15	)		(22	)		20		74		56
				728			739			540			148		172		(76	)
Add:
	Income taxes (benefit)			185			185			266			274		125		(29	)
	Total fixed charges as above (excluding capitalized interest   and preferred security distributions of   subsidiaries on a pre-tax basis)			238			237			234			66		135		52
		Total earnings	$	1,151		$	1,161		$	1,040		$	488	$	432	$	(53	)
Ratio of earnings to fixed charges				4.6			4.6			3.9			5.4		2.9		(1.0	)
Deficiency																$	106
(a)	Net income (loss) excludes minority interest, loss from discontinued operations and the cumulative effects of changes in accounting principles.
(b)	Due to the corporate realignment on July 1, 2000, data in 2000 and 1999 are not comparable to subsequent years.