| Exhibit                  12(a)                                                                                                                                                                                                                                                                                                                                                             |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **PPL                  CORPORATION AND                  SUBSIDIARIES** **COMPUTATION                  OF RATIO OF EARNINGS                  TO COMBINED FIXED CHARGES AND****PREFERRED                  STOCK                  DIVIDENDS**(Millions                  of                  Dollars)                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                       |   | **9                  Months****Ended****September                  30,** |   | **12                  Months****Ended****December                  31,** |
|                                                                                                                                                                                                                                                                                                                                                                                       |   | **2007** |   | **2006                  (d)** |   | **2005                  (d)** |   | **2004                  (d)** |   | **2003                  (d)** |   | **2002                  (d)** |
| Earnings,                  as                  defined:                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income (a)                                                                                                                                                                                                                                                                                                                                                            |   | **$** | **800** |   |   | $ | 842 |   |   | $ | 695 |   |   | $ | 681 |   |   | $ | 772 |   |   | $ | 401 |   |
| Preferred                  security dividend                  requirements                                                                                                                                                                                                                                                                                                                 |   |   | **14** |   |   |   | 14 |   |   |   | 2 |   |   |   | 2 |   |   |   | 29 |   |   |   | 66 |   |
| Less                  undistributed income                  (loss) of                  equity method                  investments                                                                                                                                                                                                                                                     |   |   |   |   |   |   | 3 |   |   |   | 2 |   |   |   | (1 | ) |   |   | (5 | ) |   |   | (9 | ) |
| Income                  taxes                                                                                                                                                                                                                                                                                                                                                              |   |   | **188** |   |   |   | 268 |   |   |   | 128 |   |   |   | 196 |   |   |   | 162 |   |   |   | 214 |   |
| Total                  fixed charges as                  below (excluding                  capitalized                  interest,                  preferred                  security distributions                  of subsidiaries on a                  pre-tax                  basis and interest                  expense related to                  discontinued operations) |   |   | **376** |   |   |   | 476 |   |   |   | 505 |   |   |   | 519 |   |   |   | 494 |   |   |   | 573 |   |
|                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  earnings                                                                                                                                                                                                                                                                                                                                                            |   | **$** | **1,378** |   |   | $ | 1,597 |   |   | $ | 1,328 |   |   | $ | 1,399 |   |   | $ | 1,462 |   |   | $ | 1,263 |   |
|                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed                  charges, as                  defined:                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                  on long-term                  debt                                                                                                                                                                                                                                                                                                                               |   | **$** | **395** |   |   | $ | 482 |   |   | $ | 465 |   |   | $ | 491 |   |   | $ | 417 |   |   | $ | 486 |   |
| Interest                  on short-term                  debt and other                  interest                                                                                                                                                                                                                                                                                     |   |   | **20** |   |   |   | 13 |   |   |   | 29 |   |   |   | 20 |   |   |   | 25 |   |   |   | 70 |   |
| Amortization                  of debt                  discount, expense                  and premium -                  net                                                                                                                                                                                                                                                          |   |   | **6** |   |   |   | 11 |   |   |   | 23 |   |   |   | 8 |   |   |   | 41 |   |   |   | 25 |   |
| Estimated                  interest component                  of operating                  rentals                                                                                                                                                                                                                                                                                  |   |   | **18** |   |   |   | 29 |   |   |   | 32 |   |   |   | 34 |   |   |   | 45 |   |   |   | 38 |   |
| Preferred                  securities distributions                  of subsidiaries                  on a pre-tax                  basis                                                                                                                                                                                                                                             |   |   | **17** |   |   |   | 24 |   |   |   | 5 |   |   |   | 5 |   |   |   | 45 |   |   |   | 79 |   |
|                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  fixed charges (b)                                                                                                                                                                                                                                                                                                                                                   |   | **$** | **456** |   |   | $ | 559 |   |   | $ | 554 |   |   | $ | 558 |   |   | $ | 573 |   |   | $ | 698 |   |
|                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                  of earnings to fixed                  charges                                                                                                                                                                                                                                                                                                                       |   |   | **3.0** |   |   |   | 2.9 |   |   |   | 2.4 |   |   |   | 2.5 |   |   |   | 2.6 |   |   |   | 1.8 |   |
| Ratio                  of earnings to combined                  fixed charges                  and preferred                  stock dividends                  (c)                                                                                                                                                                                                               |   |   | **3.0** |   |   |   | 2.9 |   |   |   | 2.4 |   |   |   | 2.5 |   |   |   | 2.6 |   |   |   | 1.8 |   |

| (a) |   | Net                  income excludes minority interest, discontinued operations and                  the                  cumulative effects of changes in accounting principles.                                                                                                                                          |
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| (b) |   | Interest                  on unrecognized tax benefits is not included in fixed                  charges.                                                                                                                                                                                                                  |
| (c) |   | 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.       |
| (d) |   | Certain                  line items have been revised due to the planned sale of PPL's natural                  gas                  distribution and propane businesses and the related reclassification                  of                  prior period operating results to Discontinued                  Operations. |