Exhibit 12(a)
PPL CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (Millions of Dollars)
				12 Months Ended March 31,			12 Months Ended December 31,
				2005			2004			2003			2002			2001		2000
Fixed charges, as defined:
	Interest on long-term debt			$	506		$	500		$	417		$	486		$	351	$	323
	Interest on short-term debt and   other interest				25			20			25			71			44		64
	Amortization of debt discount,   expense and premium - net				8			8			41			25			17		5
	Interest on capital lease obligations
		charged to expense																	4
	Estimated interest component of   operating rentals				33			34			52			39			36		25
	Preferred securities distributions of   subsidiaries on a pre-tax basis				5			5			45			79			64		31
			Total fixed charges	$	577		$	567		$	580		$	700		$	512	$	452
Earnings, as defined:
	Net income (a)			$	698		$	708		$	726		$	438		$	167	$	491
	Preferred security dividend    requirements				2			2			29			67			52		26
	Less undistributed income (loss)   of equity method investments				(12	)		(13	)		(18	)		(23	)		20		74
					712			723			773			528			199		443
Add:
	Income taxes				155			195			170			210			261		294
	Amortization of capitalized interest    on capital leases																		2
	Total fixed charges as above   (excluding capitalized interest,   capitalized interest on capital   lease obligations and preferred   security distributions of   subsidiaries on a pre-tax basis)				567			558			528			600			419		405
			Total earnings	$	1,434		$	1,476		$	1,471		$	1,338		$	879	$	1,144
Ratio of earnings to fixed charges					2.5			2.6			2.5			1.9			1.7		2.5
Ratio of earnings to combined fixed   charges and preferred stock   dividends (b)					2.5			2.6			2.5			1.9			1.7		2.5
(a)	Net income excludes extraordinary item, minority interest, loss from discontinued operations and the cumulative effects of changes in accounting principles.
(b)	PPL, the parent holding company, does not have any preferred stock outstanding; therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is the same as the ratio of earnings to fixed charges.