Exhibit 12(a)
PPL CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (Millions of Dollars)
				2005			2004 (c)			2003 (c)			2002 (c)			2001
Fixed charges, as defined:
	Interest on long-term debt			$	465		$	491		$	417		$	486		$	351
	Interest on short-term debt and   other interest				29			20			25			70			44
	Amortization of debt discount,   expense and premium - net				23			8			41			25			17
	Estimated interest component of   operating rentals				32			34			45			38			36
	Preferred security distributions of   subsidiaries on a pre-tax basis				5			5			45			79			64
			Total fixed charges	$	554		$	558		$	573		$	698		$	512
Earnings, as defined:
	Net income (a)			$	744		$	721		$	740		$	444		$	167
	Preferred security dividend requirements				3			3			30			66			52
	Less undistributed income (loss) of   equity method investments				(14	)		(14	)		(19	)		(23	)		20
					761			738			789			533			199
Add:
	Income taxes				121			203			179			214			261
	Total fixed charges as above   (excluding capitalized interest   and preferred security distributions of   subsidiaries on a pre-tax basis)				540			547			521			598			419
			Total earnings	$	1,422		$	1,488		$	1,489		$	1,345		$	879
Ratio of earnings to fixed charges					2.6			2.7			2.6			1.9			1.7
Ratio of earnings to combined fixed   charges and preferred stock   dividends (b)					2.6			2.7			2.6			1.9			1.7
(a)		Net income excludes 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.
(c)		Certain line items have been revised due to the May 2005 sale of the Sundance plant and the related reclassification of prior period operating losses to "Loss from Discontinued Operations."