| Exhibit                  12(a)                                                                                                                                                                                                                                                                                                           |
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| **PPL                  CORPORATION AND SUBSIDIARIES** **COMPUTATION                  OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND****PREFERRED                  STOCK DIVIDENDS**(Millions                  of Dollars)                                                                                                       |
|                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                     |   | **12                  Months****Ended****March                  31,** |   | **12                  Months****Ended****December                  31,** |
|                                                                                                                                                                                                                                                                                                                                     |   | **2007** |   | **2006                  (d)** |   | **2005                  (d)** |   | **2004                  (d)** |   | **2003                  (d)** |   | **2002                  (d)** |
| Fixed                  charges, as defined:                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                  on long-term debt                                                                                                                                                                                                                                                                                              |   | **$** | **491** |   |   | $ | 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                                                                                                                                                                                                                                    |   |   | **10** |   |   |   | 11 |   |   |   | 23 |   |   |   | 8 |   |   |   | 41 |   |   |   | 25 |   |
| Estimated                  interest component of  operating                  rentals                                                                                                                                                                                                                                           |   |   | **26** |   |   |   | 29 |   |   |   | 32 |   |   |   | 34 |   |   |   | 45 |   |   |   | 38 |   |
| Preferred                  securities distributions of  subsidiaries                  on a pre-tax basis                                                                                                                                                                                                                       |   |   | **24** |   |   |   | 24 |   |   |   | 5 |   |   |   | 5 |   |   |   | 45 |   |   |   | 79 |   |
|                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  fixed charges (a)                                                                                                                                                                                                                                                                                                 |   | **$** | **571** |   |   | $ | 559 |   |   | $ | 554 |   |   | $ | 558 |   |   | $ | 573 |   |   | $ | 698 |   |
| Earnings,                  as defined:                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income (b)                                                                                                                                                                                                                                                                                                          |   | **$** | **807** |   |   | $ | 850 |   |   | $ | 703 |   |   | $ | 682 |   |   | $ | 791 |   |   | $ | 401 |   |
| Preferred                  security dividend requirements                                                                                                                                                                                                                                                                                |   |   | **18** |   |   |   | 14 |   |   |   | 2 |   |   |   | 2 |   |   |   | 29 |   |   |   | 66 |   |
| Less                  undistributed income (loss)  of                  equity method investments                                                                                                                                                                                                                               |   |   | **1** |   |   |   | 3 |   |   |   | 2 |   |   |   | (1 | ) |   |   | (5 | ) |   |   | (9 | ) |
|                                                                                                                                                                                                                                                                                                                                     |   |   | **824** |   |   |   | 861 |   |   |   | 703 |   |   |   | 685 |   |   |   | 825 |   |   |   | 476 |   |
| Add:                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                  taxes                                                                                                                                                                                                                                                                                                            |   |   | **248** |   |   |   | 268 |   |   |   | 128 |   |   |   | 213 |   |   |   | 163 |   |   |   | 225 |   |
| Total                  fixed charges as above  (excluding                  capitalized interest,   preferred                  security distributions of   subsidiaries                  on a pre-tax basis and  interest                  expense related to discontinued  operations) |   |   | **487** |   |   |   | 481 |   |   |   | 512 |   |   |   | 525 |   |   |   | 500 |   |   |   | 579 |   |
|                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  earnings                                                                                                                                                                                                                                                                                                          |   | **$** | **1,559** |   |   | $ | 1,610 |   |   | $ | 1,343 |   |   | $ | 1,423 |   |   | $ | 1,488 |   |   | $ | 1,280 |   |
|                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                  of earnings to fixed charges                                                                                                                                                                                                                                                                                      |   |   | **2.7** |   |   |   | 2.9 |   |   |   | 2.4 |   |   |   | 2.6 |   |   |   | 2.6 |   |   |   | 1.8 |   |
| Ratio                  of earnings to combined fixed charges   and                  preferred stock dividends (c)                                                                                                                                                                                                              |   |   | **2.7** |   |   |   | 2.9 |   |   |   | 2.4 |   |   |   | 2.6 |   |   |   | 2.6 |   |   |   | 1.8 |   |

| (a) |   | Interest                  on unrecognized tax benefits is not included in fixed                  charges.                                                                                                                                                                                                            |
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| (b) |   | Net                  income excludes minority interest, income (loss) from discontinued                  operations and the cumulative effects of changes in accounting                  principles.                                                                                                                 |
| (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 the Latin                  American                  businesses and the related reclassification of prior period operating                  results to "(Loss) Income from Discontinued                  Operations."               |