Exhibit
      12(a)**PPL
      CORPORATION AND SUBSIDIARIES**
      
      **COMPUTATION
      OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND**
      **PREFERRED
      STOCK DIVIDENDS**
      (Millions
      of Dollars)**12
      Months**
      **Ended**
      **September
      30,**
    
    **12
      Months**
      **Ended**
      **December
      31,****2005**
    
    **2004
      (c)**
    
    **2003
      (c)**
    
    **2002
      (c)**
    
    **2001**
    
    **2000**Fixed
      charges, as defined:Interest
      on long-term debt
    
    **$**
    **476**
    
    
    $
    491
    
    
    $
    417
    
    
    $
    486
    
    
    $
    351
    
    
    $
    323Interest
      on short-term debt and
      other
      interest
    
    
    **33**
    
    
    
    20
    
    
    
    25
    
    
    
    70
    
    
    
    44
    
    
    
    64Amortization
      of debt discount,
      expense
      and premium - net
    
    
    **17**
    
    
    
    8
    
    
    
    41
    
    
    
    25
    
    
    
    17
    
    
    
    5Interest
      on capital lease obligationscharged
      to expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    4Estimated
      interest component of
      operating
      rentals
    
    
    **32**
    
    
    
    34
    
    
    
    45
    
    
    
    38
    
    
    
    36
    
    
    
    25Preferred
      securities distributions of
      subsidiaries
      on a pre-tax basis
    
    
    **5**
    
    
    
    5
    
    
    
    45
    
    
    
    79
    
    
    
    64
    
    
    
    31Total
      fixed charges
    
    **$**
    **563**
    
    
    $
    558
    
    
    $
    573
    
    
    $
    698
    
    
    $
    512
    
    
    $
    452Earnings,
      as defined:Net
      income (a)
    
    **$**
    **731**
    
    
    $
    721
    
    
    $
    740
    
    
    $
    444
    
    
    $
    167
    
    
    $
    491Preferred
      security dividend requirements
    
    
    **2**
    
    
    
    2
    
    
    
    29
    
    
    
    66
    
    
    
    52
    
    
    
    26Less
      undistributed income (loss)
      of
      equity method investments
    
    
    **(15**
    **)**
    
    
    (13
    )
    
    
    (19
    )
    
    
    (23
    )
    
    
    20
    
    
    
    74**748**
    
    
    
    736
    
    
    
    788
    
    
    
    533
    
    
    
    199
    
    
    
    443Add:Income
      taxes
    
    
    **162**
    
    
    
    205
    
    
    
    180
    
    
    
    214
    
    
    
    261
    
    
    
    294Amortization
      of capitalized interest on
      capital
      leases
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2Total
      fixed charges as above
      (excluding
      capitalized interest,
      capitalized
      interest on capital lease
      obligations
      and preferred security
      distributions
      of subsidiaries on a
      pre-tax
      basis)
    
    
    **551**
    
    
    
    547
    
    
    
    521
    
    
    
    598
    
    
    
    419
    
    
    
    405Total
      earnings
    
    **$**
    **1,461**
    
    
    $
    1,488
    
    
    $
    1,489
    
    
    $
    1,345
    
    
    $
    879
    
    
    $
    1,144Ratio
      of earnings to fixed charges
    
    
    **2.6**
    
    
    
    2.7
    
    
    
    2.6
    
    
    
    1.9
    
    
    
    1.7
    
    
    
    2.5Ratio
      of earnings to combined fixed
      charges
      and preferred stock
      dividends
      (b)
    
    
    **2.6**
    
    
    
    2.7
    
    
    
    2.6
    
    
    
    1.9
    
    
    
    1.7
    
    
    
    2.5
 
 (a)
    
    Net
      income excludes extraordinary item, minority interest, loss from
      discontinued operations and the cumulative effects of changes in
      accounting principles.(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.(c)
    
    Certain
      line items have been revised due to the May 2005 sale of the Sundance
      plant and the related reclassification of prior period operating losses to
      "Loss from Discontinued Operations."