| 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****June                  30,** |   |   | **12                  Months****Ended****December                  31,** |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   | **2005** |   |   | **2004                  (c)** |   |   | **2003                  (c)** |   |   | **2002                  (c)** |   |   | **2001** |   |   | **2000** |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed                  charges, as defined:                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               | Interest                  on long-term debt |   | **$** | **485** |   |   | $ | 491 |   |   | $ | 417 |   |   | $ | 486 |   |   | $ | 351 |   |   | $ | 323 |   |
|                                                                                                                                                                                                                               | Interest                  on short-term debt and  other                  interest |   |   | **32** |   |   |   | 20 |   |   |   | 25 |   |   |   | 70 |   |   |   | 44 |   |   |   | 64 |   |
|                                                                                                                                                                                                                               | Amortization                  of debt discount,  expense                  and premium - net |   |   | **8** |   |   |   | 8 |   |   |   | 41 |   |   |   | 25 |   |   |   | 17 |   |   |   | 5 |   |
|                                                                                                                                                                                                                               | Interest                  on capital lease obligations |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   | charged                  to expense |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 4 |   |
|                                                                                                                                                                                                                               | Estimated                  interest component of  operating                  rentals |   |   | **32** |   |   |   | 34 |   |   |   | 45 |   |   |   | 38 |   |   |   | 36 |   |   |   | 25 |   |
|                                                                                                                                                                                                                               | Preferred                  securities distributions of  subsidiaries                  on a pre-tax basis |   |   | **5** |   |   |   | 5 |   |   |   | 45 |   |   |   | 79 |   |   |   | 64 |   |   |   | 31 |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   |   |   | Total                  fixed charges |   | **$** | **562** |   |   | $ | 558 |   |   | $ | 573 |   |   | $ | 698 |   |   | $ | 512 |   |   | $ | 452 |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings,                  as defined:                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               | Net                  income (a) |   | **$** | **730** |   |   | $ | 721 |   |   | $ | 740 |   |   | $ | 444 |   |   | $ | 167 |   |   | $ | 491 |   |
|                                                                                                                                                                                                                               | Preferred                  security dividend requirements |   |   | **2** |   |   |   | 2 |   |   |   | 29 |   |   |   | 66 |   |   |   | 52 |   |   |   | 26 |   |
|                                                                                                                                                                                                                               | Less                  undistributed income (loss)  of                  equity method investments |   |   | **(14** | **)** |   |   | (13 | ) |   |   | (19 | ) |   |   | (23 | ) |   |   | 20 |   |   |   | 74 |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   |   |   | **746** |   |   |   | 736 |   |   |   | 788 |   |   |   | 533 |   |   |   | 199 |   |   |   | 443 |   |
| Add:                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               | Income                  taxes |   |   | **172** |   |   |   | 205 |   |   |   | 180 |   |   |   | 214 |   |   |   | 261 |   |   |   | 294 |   |
|                                                                                                                                                                                                                               | Amortization                  of capitalized interest on  capital                  leases |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 2 |   |
|                                                                                                                                                                                                                               | Total                  fixed charges as above(excluding                  capitalized interest,  capitalized                  interest on capital lease  obligations                  and preferred security  distributions                  of subsidiaries on a   pre-tax                  basis) |   |   | **552** |   |   |   | 547 |   |   |   | 521 |   |   |   | 598 |   |   |   | 419 |   |   |   | 405 |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   |   |   | Total                  earnings |   | **$** | **1,470** |   |   | $ | 1,488 |   |   | $ | 1,489 |   |   | $ | 1,345 |   |   | $ | 879 |   |   | $ | 1,144 |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                  of earnings to fixed charges                                                                                                                                                                                |   |   | **2.6** |   |   |   | 2.7 |   |   |   | 2.6 |   |   |   | 1.9 |   |   |   | 1.7 |   |   |   | 2.5 |   |
|                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                  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 June 2005 sale of the Sundance                  plant and the related reclassification of prior period operating                  losses to                  "Loss from Discontinued                  Operations." |