Exhibit 12(a)

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|-------------------------------------- | -------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------- | ------------------- | ---- | ------------- | ---- | ------------ | ---- | -------- | ---- | -------- | --- | --------
|                                       |                                                                                                                      | PPL CORPORATION AND SUBSIDIARIES                 
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|                                       |                                                                                                                      | COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|                                       |                                                                                                                      | (Millions of Dollars)                            
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|                                       |                                                                                                                      |                                                   |                     |      | 12 Months     |      | 12 Months   
|                                       |                                                                                                                      |                                                   |                     |      | Ended         |      | Ended       
|                                       |                                                                                                                      |                                                   |                     |      | September 30, |      | December 31,
|                                       |                                                                                                                      |                                                   |                     |      |               |      |              |      |          |      |          |     |         
|                                       |                                                                                                                      |                                                   |                     |      | 2001          |      | 2000         |      | 1999 (c) |      | 1998 (c) |     | 1997 (c)
|Fixed charges, as defined:             |                                                                                                                      |                                                   |                     |      |               |      |              |      |          |     
|                                       | Interest on long-term debt                                                                                           |                                                   | $    350            |      | $    323      |      | $    233     |      | $    203 |      | $    196
|                                       | Interest on short-term debt and other interest                                                                       |                                                   | 55                  |      | 64            |      | 47           |      | 33       |      | 26      
|                                       | Amortization of debt discount, expense and premium - net                                                             |                                                   | 7                   |      | 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 |     | $    250
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|Earnings, as defined:                  |                                                                                                                      |                                                   |                     |      |               |      |              |      |          |     
|                                       | Net income (a)                                                                                                       |                                                   | $    612            |      | $    491      |      | $    492     |      | $    379 |      | $    296
|                                       | Preferred security dividend requirements                                                                             |                                                   | 42                  |      | 26            |      | 26           |      | 25       |      | 24      
|                                       | Less undistributed income of equity method investments                                                               |                                                   | 67                  |      | 74            |      | 56           |      | 3        |      | (25)    
|                                       |                                                                                                                      |                                                   |                     | 587  |               | 443  |              | 462  |          | 401  |          | 345
|                                       |                                                                                                                      |                                                   |                     |      |               |      |              |      |          |      |          |     |         
|Add (Deduct):                          |                                                                                                                      |                                                   |                     |      |               |      |              |      |          |     
|                                       | Income taxes                                                                                                         |                                                   | 327                 |      | 294           |      | 174          |      | 259      |      | 238     
|                                       | Amortization of capitalized interest on capital leases                                                               |                                                   |                     |      | 2             |      | 2            |      | 2        |      | 2       
|                                       | Total fixed charges as above (excluding capitalized
interest on capitalized lease obligations)                       |                                                   | 448                 |      | 421           |      | 313          |      | 264      |      | 248     
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|                                       |                                                                                                                      |                                                   | Total earnings      |      | $    1,362    |      | $ 1,160      |      | $    951 |      | $    926 |     | $    833
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|Ratio of earnings to fixed charges (b) |                                                                                                                      | 3.04                                              |                     | 2.75 |               | 3.03 |              | 3.48 |          | 3.33
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|(a)                                    | 2001, 2000, 1999 and 1998 net income excluding extraordinary items.                                                 
|(b)                                    | Based on earnings excluding nonrecurring items, the ratio of earnings to fixed charges are:                         
|                                       | 2000, 2.66; 1999, 2.80; 1998, 3.10; and 1997, 3.51.                                                                 
|(c)                                    | Ratio of earnings to fixed charges for years 1999 and prior were recalculated to give proper effect of undistributed
|                                       | earnings of equity method investments.