| Exhibit      12(a)                                                                                                                                                            |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| PPL      CORPORATION AND SUBSIDIARIES COMPUTATION      OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES ANDPREFERRED      STOCK DIVIDENDS(Millions      of Dollars)        |
|                                                                                                                                                                          |
|                                                                                                                                                                          |   | 2008 |   | 2007 |   | 2006 |   | 2005 |   | 2004 |
| Earnings,      as defined:                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      from Continuing Operations Before Income Taxes, Minority Interest and      Dividends on Preferred Securities of a Subsidiary                                      |   | $ | 1,382 |   |   | $ | 1,304 |   |   | $ | 1,124 |   |   | $ | 825 |   |   | $ | 879 |   |
| Less      earnings of equity method investments                                                                                                                               |   |   | 3 |   |   |   | 5 |   |   |   | 6 |   |   |   | 7 |   |   |   | 4 |   |
| Distributed      income from equity method investments                                                                                                                        |   |   | 3 |   |   |   | 7 |   |   |   | 3 |   |   |   | 5 |   |   |   | 5 |   |
|                                                                                                                                                                          |   |   | 1,382 |   |   |   | 1,306 |   |   |   | 1,121 |   |   |   | 823 |   |   |   | 880 |   |
| Total      fixed charges as below                                                                                                                                             |   |   | 568 |   |   |   | 609 |   |   |   | 559 |   |   |   | 554 |   |   |   | 558 |   |
| Less:                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capitalized      interest                                                                                                                                                     |   |   | 59 |   |   |   | 58 |   |   |   | 24 |   |   |   | 9 |   |   |   | 6 |   |
| Preferred      security distributions of subsidiaries on a pre-tax basis                                                                                                      |   |   | 27 |   |   |   | 23 |   |   |   | 24 |   |   |   | 5 |   |   |   | 5 |   |
| Interest      expense related to discontinued operations                                                                                                                      |   |   | 4 |   |   |   | 33 |   |   |   | 35 |   |   |   | 35 |   |   |   | 28 |   |
| Total      fixed charges included in Income from Continuing Operations Before Income      Taxes, Minority Interest and Dividends on Preferred Securities of a      Subsidiary |   |   | 478 |   |   |   | 495 |   |   |   | 476 |   |   |   | 505 |   |   |   | 519 |   |
|                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      earnings                                                                                                                                                           |   | $ | 1,860 |   |   | $ | 1,801 |   |   | $ | 1,597 |   |   | $ | 1,328 |   |   | $ | 1,399 |   |
|                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      charges, as defined:                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      on long-term debt                                                                                                                                               |   | $ | 478 |   |   | $ | 522 |   |   | $ | 482 |   |   | $ | 465 |   |   | $ | 491 |   |
| Interest      on short-term debt and other interest                                                                                                                      |   |   | 28 |   |   |   | 35 |   |   |   | 13 |   |   |   | 29 |   |   |   | 20 |   |
| Amortization      of debt discount, expense andpremium      - net                                                                                                        |   |   | 12 |   |   |   | 8 |   |   |   | 11 |   |   |   | 23 |   |   |   | 8 |   |
| Estimated      interest component of operating rentals                                                                                                                   |   |   | 22 |   |   |   | 21 |   |   |   | 29 |   |   |   | 32 |   |   |   | 34 |   |
| Preferred      securities distributions of subsidiaries on a pre-tax      basis                                                                                          |   |   | 27 |   |   |   | 23 |   |   |   | 24 |   |   |   | 5 |   |   |   | 5 |   |
| Fixed      charges of majority-owned share of 50% or less-owned    persons                                                                                                    |   |   | 1 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      fixed charges (a)                                                                                                                                                  |   | $ | 568 |   |   | $ | 609 |   |   | $ | 559 |   |   | $ | 554 |   |   | $ | 558 |   |
|                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to fixed charges                                                                                                                                       |   |   | 3.3 |   |   |   | 3.0 |   |   |   | 2.9 |   |   |   | 2.4 |   |   |   | 2.5 |   |
| Ratio      of earnings to combined fixed charges and preferred      stock dividends (b)                                                                             |   |   | 3.3 |   |   |   | 3.0 |   |   |   | 2.9 |   |   |   | 2.4 |   |   |   | 2.5 |   |

| (a) |   | Interest      on unrecognized tax benefits is not included in fixed    charges.                                                                                                                                                                     |
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| (b) |   | PPL,      the parent holding company, does not have any preferred stock outstanding;      therefore, the ratio of earnings to combined fixed charges and preferred      stock dividends is the same as the ratio of earnings to fixed      charges. |