|Exhibit
        12(d)                                                                                                            
|---------------------------------------------------------------------------------------------------------------------------------
|PPL MONTANA, LLC AND
        SUBSIDIARIES
        COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
        (Millions of Dollars)
|                                                                                                                                 
|                                                                                                                                 
|                                                                                                                                 
|Fixed charges, as defined:                                                                                                       
|                                                                                                                                 
|                                                                                                                                 
|                                                                                                                                 
|                                                                                                                                 
|                                                                                                                                 
|                                                                                                                                 
|                                                                                                                                 
|Earnings, as defined:                                                                                                            
|                                                                                                                                 
|                                                                                                                                 
|Add:                                                                                                                             
|                                                                                                                                 
|                                                                                                                                 
|                                                                                                                                 
|                                                                                                                                 
|                                                                                                                                 
|                                                                                                                                 
|Ratio of earnings to fixed charges                                                                                               
|                                                                                                                                 
|(a)