Exhibit 12(b)
PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars)
				12 Months Ended September 30,			12 Months Ended December 31,
				2004			2003				2002				2001			2000 (b)			1999 (b)
Fixed charges, as defined:
	Interest on long-term debt		$		241			$	149			$	169			$	36		$	54		$	20
	Interest on short-term debt and   other interest				19				25				52				33			75			32
	Amortization of debt discount,   expense and premium - net				1				31				9				2			11			1
	Estimated interest component of   operating rentals				20				38				23				19			9
	Preferred securities distributions of   subsidiaries on a pre-tax basis								8				12
		Total fixed charges	$		281			$	251			$	265			$	90		$	149		$	53
Earnings, as defined:
	Net income (loss) (a)		$		740			$	719			$	509			$	168		$	246		$	(20	)
	Preferred security dividend requirement								5				9
	Less undistributed income (loss)   of equity method investments				(15	)			(15	)			(22	)			20			74			56
					755				739				540				148			172			(76	)
Add:
	Income taxes (benefit)				141				185				266				274			125			(29	)
	Total fixed charges as above   (excluding capitalized interest   and preferred security distributions of   subsidiaries on a pre-tax basis)				276				237				234				66			135			52
		Total earnings	$		1,172			$	1,161			$	1,040			$	488		$	432		$	(53	)
Ratio of earnings to fixed charges					4.2				4.6				3.9				5.4			2.9			(1.0	)
Deficiency																						$	106
(a)	Net income (loss) excludes minority interest, loss from discontinued operations and the cumulative effects of changes in accounting principles.
(b)	Due to a corporate realignment on July 1, 2000, data in 2000 and 1999 are not comparable to subsequent years.