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,		Years Ended December 31,
					2011		2010 (b)		2009 (b)		2008 (b)		2007 (b)		2006 (b)
Earnings, as defined:
	Income (Loss) from Continuing Operations Before
		Income Taxes			$	353	$	881	$	(13)	$	671	$	785	$	557
	Less earnings of equity method investments													1		3
	Distributed income from equity method investments							7		1				3		1
						353		888		(12)		671		787		555
	Total fixed charges as below					70		426		364		390		388		326
			Less:
			Capitalized interest			11		33		44		57		54		21
			Interest expense and fixed charges related to
				discontinued operations		3		147		102		157		217		205
	Total fixed charges included in Income from
		Continuing Operations Before Income Taxes				56		246		218		176		117		100
			Total earnings		$	409	$	1,134	$	206	$	847	$	904	$	655
Fixed charges, as defined:
	Interest on long-term debt				$	51	$	330	$	284	$	345	$	353	$	296
	Interest on short-term debt and other interest					8		37		29		27		24		16
	Amortization of debt discount, expense and
		premium - net				3		20		8		2		(3)		(1)
	Estimated interest component of operating rentals					8		38		42		15		14		15
	Fixed charges of majority-owned share of 50% or
		less-owned persons						1		1		1
			Total fixed charges (a)		$	70	$	426	$	364	$	390	$	388	$	326
Ratio of earnings to fixed charges						5.8		2.7		0.6		2.2		2.3		2.0

(a)	Interest on unrecognized tax benefits is not included in fixed charges.
(b)	Years 2006 through 2010 have been adjusted to reflect the reclassification of the distribution of PPL Energy Supply's membership interest in PPL Global to PPL Energy Supply's parent, PPL Energy Funding, as Discontinued Operations.  See Note 8 to the Financial Statements for additional information.