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|Exhibit 12(a)                                                                   
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|PPL CORPORATION AND SUBSIDIARIES                                                
|                                                                                
|COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES                               
|                                                                                
|(Millions of Dollars)                                                           
|                                                                                
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  | 2001 |     | 2000 |     | 1999  |  | 1998 |     | 1997
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |    
|Fixed charges, as defined:                                                       |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |     |       |  |      |     |      |     
|                                                                                 | Interest on long-term debt                                                                                                                                                                        |                                       | $                  | 351                 |  | $    | 323 |      | $   | 233   |  | $    | 203 |      | $    | 196 
|                                                                                 | Interest on short-term debt and other
      interest                                                                                                                                              |                                       |                    | 44                  |  |      | 64  |      |     | 47    |  |      | 33  |      |      | 26  
|                                                                                 | Amortization of debt discount, expense
      and premium - net                                                                                                                                    |                                       |                    | 17                  |  |      | 5   |      |     | 4     |  |      | 2   |      |      | 2   
|                                                                                 |                                                                                                                                                                                                   | Interest on capital lease obligations |                    |                     |  |      |     |      |     |       |  |      |     |      |      |      | 
|                                                                                 |                                                                                                                                                                                                   |                                       | Charged to expense |                     |  |      |     |      | 4   |       |  | 9    |     |      | 8    |      |  | 9
|                                                                                 |                                                                                                                                                                                                   |                                       | Capitalized        |                     |  |      |     |      |     |       |  | 1    |     |      | 2    |      |  | 2
|                                                                                 | Estimated interest component of operating
      rentals                                                                                                                                           |                                       |                    | 36                  |  |      | 25  |      |     | 20    |  |      | 18  |      |      | 15  
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |    
|                                                                                 |                                                                                                                                                                                                   |                                       |                    | Total fixed charges |  | $    | 448 |      | $   | 421   |  | $    | 314 |      | $    | 266  |  | $
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |    
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |     |       |  |      |     |      |      |      |  |  
|Earnings, as defined:                                                            |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |     |       |  |      |     |      |     
|                                                                                 | Net income (a)                                                                                                                                                                                    |                                       | $                  | 167                 |  | $    | 491 |      | $   | 492   |  | $    | 379 |      | $    | 296 
|                                                                                 | Preferred security dividend requirements                                                                                                                                                          |                                       |                    | 52                  |  |      | 26  |      |     | 26    |  |      | 25  |      |      | 24  
|                                                                                 | Less undistributed income of equity
      method investments                                                                                                                                      |                                       |                    | 20                  |  |      | 74  |      |     | 56    |  |      | 3   |      |      | (25)
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |    
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      | 199 |      |     | 443   |  |      | 462 |      |      | 401  |  |  
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |     |       |  |      |     |      |      |      |  |  
|Add (Deduct):                                                                    |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |     |       |  |      |     |      |     
|                                                                                 | Income taxes                                                                                                                                                                                      |                                       |                    | 261                 |  |      | 294 |      |     | 174   |  |      | 259 |      |      | 238 
|                                                                                 | Amortization of capitalized interest
      on capital leases                                                                                                                                      |                                       |                    |                     |  |      | 2   |      |     | 2     |  |      | 2   |      |      | 2   
|                                                                                 | Total fixed charges as above (excluding
      capitalized interest on capital lease obligations)                                                                                                  |                                       |                    | 448                 |  |      | 421 |      |     | 313   |  |      | 264 |      |      | 248 
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |    
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |     |       |  |      |     |      |      |      |  |  
|                                                                                 |                                                                                                                                                                                                   |                                       |                    | Total earnings      |  | $    | 908 |      | $   | 1,160 |  | $    | 951 |      | $    | 926  |  | $
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |    
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |     |       |  |      |     |      |      |      |  |  
|Ratio of earnings to fixed charges
      (b)                                     |                                                                                                                                                                                                   |                                       | 2.0                |                     |  | 2.8  |     |      | 3.0 |       |  | 3.5  |     |      | 3. 3
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |    
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |     |       |  |      |     |      |      |      |  |  
|Fixed charges and preferred dividend
      requirements:                         |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |     |       |  |      |     |      |     
|                                                                                 | Fixed charges above                                                                                                                                                                               |                                       |                    | 448                 |  |      | 421 |      |     | 314   |  |      | 266 |      |      | 250 
|                                                                                 | Preferred dividend requirements                                                                                                                                                                   |                                       |                    | 64                  |  |      | 31  |      |     | 30    |  |      | 31  |      |      | 33  
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |    
|                                                                                 |                                                                                                                                                                                                   |                                       |                    | Total               |  | $    | 512 |      | $   | 452   |  | $    | 344 |      | $    | 297  |  |  
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |    
|Ratio of earnings to fixed charges
      and preferred dividend requirements (c) |                                                                                                                                                                                                   |                                       | 1.8                |                     |  | 2.6  |     |      | 2.8 |       |  | 3.1  |     |      | 2.9 
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |    
|                                                                                 |                                                                                                                                                                                                   |                                       |                    |                     |  |      |     |      |     |       |  |      |     |      |      |      |  |  
|(a)                                                                              | 2001, 2000, 1999 and 1998 net income
      excluding extraordinary items, minority interest and the cumulative effect
      of a change in accounting principle.                                 
|(b)                                                                              | Based on earnings excluding unusual
      items, the ratio of earnings to fixed charges are: 2001, 3.2; 2000, 2.7;
      1999, 2.8; 1998, 3.1; and 1997, 3.5.                                    
|(c)                                                                              | Based on earnings excluding unusual
      items, the ratio of earnings to fixed charges and preferred dividend requirements
      are: 2001, 2.8; 2000, 2.5; 1999, 2.7; 1998, 2.8; and 1997, 3.1.