EX-12.B 6 exhibit12b.htm EXHIBIT 12(B) exhibit12b.htm
Exhibit 12(b)
PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
 
   
2009
  
2008
  
2007
  
2006
  
2005
  
Earnings, as defined:
                                          
Income from Continuing Operations Before Income Taxes
  
$
334
    
$
1,085
    
$
1,095
    
$
841
    
$
619
    
Less earnings of equity method investments
    
2
      
1
      
3
      
5
      
5
    
Distributed income from equity method investments
    
2
      
1
      
5
      
3
      
5
    
     
334
      
1,085
      
1,097
      
839
      
619
    
                                           
Total fixed charges as below
    
364
      
390
      
388
      
326
      
307
    
Less:
                                          
Capitalized interest
    
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
    
315
      
329
      
307
      
275
      
269
    
                                           
Total earnings
  
$
649
    
$
1,414
    
$
1,404
    
$
1,114
    
$
888
    
                                           
Fixed charges, as defined:
                                          
Interest on long-term debt
  
$
284
    
$
345
    
$
353
    
$
296
    
$
259
    
Interest on short-term debt and other interest
    
29
      
27
      
24
      
16
      
26
    
Amortization of debt discount, expense and premium - net
    
8
      
2
      
(3
)
    
(1
)
    
7
    
Estimated interest component of operating rentals
    
42
      
15
      
14
      
15
      
15
    
Fixed charges of majority-owned share of 50% or less-owned persons
    
1
      
1
                            
                                           
Total fixed charges (a)
  
$
364
    
$
390
    
$
388
    
$
326
    
$
307
    
                                           
Ratio of earnings to fixed charges
    
1.8
      
3.6
      
3.6
      
3.4
      
2.9
    

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