Exhibit 12(b)
PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars)
	3 Months Ended March 31,		12 Months Ended December 31,
	2009		2008		2007			2006			2005		2004
Earnings, as defined:
Income from Continuing Operations Before Income Taxes	$	258	$	1,109	$	1,118		$	866		$	649	$	851
Less earnings of equity method investments		1		3		5			7			7		5
Distributed income from equity method investments				3		7			3			5		5
		257		1,109		1,120			862			647		851
Total fixed charges as below		78		390		388			326			307		289
Less:
Capitalized interest		18		56		54			21			7		5
Interest expense related to discontinued operations						27			29			28		22
Total fixed charges included in Income from Continuing Operations Before Income Taxes		60		334		307			276			272		262
Total earnings	$	317	$	1,443	$	1,427		$	1,138		$	919	$	1,113
Fixed charges, as defined:
Interest on long-term debt	$	66	$	345	$	353		$	296		$	259	$	255
Interest on short-term debt and other interest		7		27		24			16			26		23
Amortization of debt discount, expense and premium - net		1		2		(3	)		(1	)		7		(6	)
Estimated interest component of operating rentals		4		15		14			15			15		17
Fixed charges of majority-owned share of 50% or less-owned persons				1
Total fixed charges (a)	$	78	$	390	$	388		$	326		$	307	$	289
Ratio of earnings to fixed charges		4.1		3.7		3.7			3.5			3.0		3.9

(a) Interest on unrecognized tax benefits is not included in fixed charges.