| Exhibit                12(a)                                                                                                                                                                                                                                                                                                      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **PPL                CORPORATION AND SUBSIDIARIES** **COMPUTATION                OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND****PREFERRED                STOCK DIVIDENDS**(Millions                of Dollars)                                                                                                        |
|                                                                                                                                                                                                                                                                                                                              |
|                                                                                                                                                                                                                                                                                                                              |   | **6                Months****Ended****June                30,** |   | **12                Months****Ended****December                31,** |
|                                                                                                                                                                                                                                                                                                                              |   | **2007** |   | **2006** |   | **2005** |   | **2004** |   | **2003** |   | **2002** |
| Earnings,                as defined:                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                income (a)                                                                                                                                                                                                                                                                                                     |   | **$** | **473** |   |   | $ | 846 |   |   | $ | 704 |   |   | $ | 689 |   |   | $ | 786 |   |   | $ | 407 |   |
| Preferred                security dividend requirements                                                                                                                                                                                                                                                                           |   |   | **9** |   |   |   | 14 |   |   |   | 2 |   |   |   | 2 |   |   |   | 29 |   |   |   | 66 |   |
| Less                undistributed income (loss)  of                equity method investments                                                                                                                                                                                                                            |   |   |   |   |   |   | 3 |   |   |   | 2 |   |   |   | (1 | ) |   |   | (5 | ) |   |   | (9 | ) |
| Income                taxes                                                                                                                                                                                                                                                                                                       |   |   | **107** |   |   |   | 273 |   |   |   | 127 |   |   |   | 206 |   |   |   | 168 |   |   |   | 219 |   |
| 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) |   |   | **251** |   |   |   | 480 |   |   |   | 512 |   |   |   | 525 |   |   |   | 500 |   |   |   | 579 |   |
|                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                earnings                                                                                                                                                                                                                                                                                                     |   | **$** | **840** |   |   | $ | 1,610 |   |   | $ | 1,343 |   |   | $ | 1,423 |   |   | $ | 1,488 |   |   | $ | 1,280 |   |
|                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed                charges, as defined:                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                on long-term debt                                                                                                                                                                                                                                                                                         |   | **$** | **250** |   |   | $ | 482 |   |   | $ | 465 |   |   | $ | 491 |   |   | $ | 417 |   |   | $ | 486 |   |
| Interest                on short-term debt and  other                interest                                                                                                                                                                                                                                           |   |   | **12** |   |   |   | 13 |   |   |   | 29 |   |   |   | 20 |   |   |   | 25 |   |   |   | 70 |   |
| Amortization                of debt discount,  expense                and premium - net                                                                                                                                                                                                                                 |   |   | **4** |   |   |   | 11 |   |   |   | 23 |   |   |   | 8 |   |   |   | 41 |   |   |   | 25 |   |
| Estimated                interest component of  operating                rentals                                                                                                                                                                                                                                        |   |   | **9** |   |   |   | 29 |   |   |   | 32 |   |   |   | 34 |   |   |   | 45 |   |   |   | 38 |   |
| Preferred                securities distributions of  subsidiaries                on a pre-tax basis                                                                                                                                                                                                                    |   |   | **11** |   |   |   | 24 |   |   |   | 5 |   |   |   | 5 |   |   |   | 45 |   |   |   | 79 |   |
|                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                fixed charges (b)                                                                                                                                                                                                                                                                                            |   | **$** | **286** |   |   | $ | 559 |   |   | $ | 554 |   |   | $ | 558 |   |   | $ | 573 |   |   | $ | 698 |   |
|                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                of earnings to fixed charges                                                                                                                                                                                                                                                                                 |   |   | **2.9** |   |   |   | 2.9 |   |   |   | 2.4 |   |   |   | 2.6 |   |   |   | 2.6 |   |   |   | 1.8 |   |
| Ratio                of earnings to combined fixed charges  and                preferred stock dividends (c)                                                                                                                                                                                                  |   |   | **2.9** |   |   |   | 2.9 |   |   |   | 2.4 |   |   |   | 2.6 |   |   |   | 2.6 |   |   |   | 1.8 |   |

| (a) |   | Net                income excludes minority interest, income (loss) from 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. |