|Exhibit 12(b)                                                                                                         
|----------------------------------------------------------------------------------------------------------------------
|PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES
        COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(Millions of Dollars)
|                                                                                                                      

|                                   |                                                                                                                                                   | 12 Months
        Ended
        March 31, |     |                     | 12 Months
        Ended
        December 31, |  
|---------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------- | --- | ------------------- | -------------------------------------------- | -
|                                   |                                                                                                                                                   | 2003                                      |     |                     | 2002                                         |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|Fixed charges, as defined:         |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   | Interest on long-term debt                                                                                                                        |                                           | $   | 152                 |                                              |  
|                                   | Interest on short-term debt and
         other interest                                                                                           |                                           |     | 56                  |                                              |  
|                                   | Amortization of debt discount,
         expense and premium - net                                                                                 |                                           |     | 11                  |                                              |  
|                                   | Estimated interest component of
        operating rentals                                                                                         |                                           |     | 32                  |                                              |  
|                                   | Preferred securities distributions
        of subsidiaries on a pre-tax 
        basis                                                            |                                           |     | 12                  |                                              |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   |                                                                                                                                                   |                                           |     | Total fixed charges |                                              | $
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|Earnings, as defined:              |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   | Net income (loss) (a)                                                                                                                             |                                           | $   | 491                 |                                              |  
|                                   | Preferred security dividend
        requirement                                                                                                   |                                           |     | 9                   |                                              |  
|                                   | Less undistributed income (loss)
          of equity method investments                                                                           |                                           |     | (7                  | )                                            |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   |                                                                                                                                                   |                                           |     | 507                 |                                              |  
|Add:                               |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   | Income taxes (benefit)                                                                                                                            |                                           |     | 229                 |                                              |  
|                                   | Total fixed charges as above 
      (excluding capitalized interest    and preferred stock dividends
      of    subsidiaries on a pre-tax basis) |                                           |     | 234                 |                                              |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   |                                                                                                                                                   |                                           |     | Total earnings      |                                              | $
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|Ratio of earnings to fixed charges |                                                                                                                                                   |                                           | 3.7 |                     |                                              |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|Deficiency                         |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  
|                                   |                                                                                                                                                   |                                           |     |                     |                                              |  

|(a) |  | Net income (loss) excludes minority interest
      and the cumulative effect of a change in accounting principle.                                                                                                                                     
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(b) |  | Due to the corporate realignment on July 1,
      2000, data in 2000 and subsequent years are not comparable to prior years.
      See Note 19 in PPL Energy Supply's Form 10-K for the year ended December
      31, 2002 for additional information.