Exhibit 12(b)
PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars)
	Nine Months Ended September 30,		Years Ended December 31,
	2010		2009 (b)		2008 (b)		2007 (b)			2006 (b)			2005 (b)
Earnings, as defined:
Income from Continuing Operations Before Income Taxes	$	745	$	277	$	1,000	$	1,044		$	803		$	602
Less earnings of equity method investments								1			3			3
Distributed income from equity method investments		6		1				3			1			3
		751		278		1,000		1,046			801			602
Total fixed charges as below		306		364		390		388			326			307
Less:
Capitalized interest		22		44		57		54			21			7
Interest expense related to discontinued operations		7		15		12		34			32			32
Total fixed charges included in Income from Continuing Operations Before Income Taxes		277		305		321		300			273			268
Total earnings	$	1,028	$	583	$	1,321	$	1,346		$	1,074		$	870
Fixed charges, as defined:
Interest on long-term debt	$	229	$	284	$	345	$	353		$	296		$	259
Interest on short-term debt and other interest		42		29		27		24			16			26
Amortization of debt discount, expense and premium - net		6		8		2		(3	)		(1	)		7
Estimated interest component of operating rentals		28		42		15		14			15			15
Fixed charges of majority-owned share of 50% or less-owned persons		1		1		1
Total fixed charges (a)	$	306	$	364	$	390	$	388		$	326		$	307
Ratio of earnings to fixed charges		3.4		1.6		3.4		3.5			3.3			2.8

(a)	Interest on unrecognized tax benefits is not included in fixed charges.
(b)	Years 2005 through 2009 have been adjusted to reflect the reclassification of certain non-core generation facilities as Discontinued Operations.  See Note 8 to the Financial Statements for additional information.