Exhibit 12(b)
PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars)
	Six Months Ended June 30,		Years Ended December 31,
	2010		2009		2008		2007			2006			2005
Earnings, as defined:
Income from Continuing Operations Before Income Taxes	$	413	$	334	$	1,085	$	1,095		$	841		$	619
Less earnings of equity method investments		1		2		1		3			5			5
Distributed income from equity method investments		4		2		1		5			3			5
		416		334		1,085		1,097			839			619
Total fixed charges as below		204		364		390		388			326			307
Less:
Capitalized interest		14		44		57		54			21			7
Interest expense related to discontinued operations				5		4		27			30			31
Total fixed charges included in Income from Continuing Operations Before Income Taxes		190		315		329		307			275			269
Total earnings	$	606	$	649	$	1,414	$	1,404		$	1,114		$	888
Fixed charges, as defined:
Interest on long-term debt	$	153	$	284	$	345	$	353		$	296		$	259
Interest on short-term debt and other interest		27		29		27		24			16			26
Amortization of debt discount, expense and premium - net		4		8		2		(3	)		(1	)		7
Estimated interest component of operating rentals		19		42		15		14			15			15
Fixed charges of majority-owned share of 50% or less-owned persons		1		1		1
Total fixed charges (a)	$	204	$	364	$	390	$	388		$	326		$	307
Ratio of earnings to fixed charges		3.0		1.8		3.6		3.6			3.4			2.9

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