| 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,** |
|                                                                                                                                                                                                                                |   | **2006** |   | **2005** |   | **2004** |   | **2003** |   | **2002** |   | **2001** |
| Fixed                charges, as defined:                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                on long-term debt                                                                                                                                                                                           |   | **$** | **478** |   |   | $ | 465 |   |   | $ | 491 |   |   | $ | 417 |   |   | $ | 486 |   |   | $ | 351 |   |
| Interest                on short-term debt and  other                interest                                                                                                                                             |   |   | **17** |   |   |   | 29 |   |   |   | 20 |   |   |   | 25 |   |   |   | 70 |   |   |   | 44 |   |
| Amortization                of debt discount,  expense                and premium - net                                                                                                                                   |   |   | **11** |   |   |   | 23 |   |   |   | 8 |   |   |   | 41 |   |   |   | 25 |   |   |   | 17 |   |
| Estimated                interest component of  operating                rentals                                                                                                                                          |   |   | **31** |   |   |   | 32 |   |   |   | 34 |   |   |   | 45 |   |   |   | 38 |   |   |   | 36 |   |
| Preferred                securities distributions of  subsidiaries                on a pre-tax basis                                                                                                                      |   |   | **18** |   |   |   | 5 |   |   |   | 5 |   |   |   | 45 |   |   |   | 79 |   |   |   | 64 |   |
|                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                fixed charges                                                                                                                                                                                                  |   | **$** | **555** |   |   | $ | 554 |   |   | $ | 558 |   |   | $ | 573 |   |   | $ | 698 |   |   | $ | 512 |   |
| Earnings,                as defined:                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                income (a)                                                                                                                                                                                                       |   | **$** | **912** |   |   | $ | 744 |   |   | $ | 721 |   |   | $ | 740 |   |   | $ | 444 |   |   | $ | 167 |   |
| Preferred                security dividend                  requirements                                                                                                                                                       |   |   | **10** |   |   |   | 3 |   |   |   | 3 |   |   |   | 30 |   |   |   | 66 |   |   |   | 52 |   |
| Less                undistributed income (loss)  of                equity method investments                                                                                                                              |   |   | **(6** | **)** |   |   | (14 | ) |   |   | (14 | ) |   |   | (19 | ) |   |   | (23 | ) |   |   | 20 |   |
|                                                                                                                                                                                                                                |   |   | **928** |   |   |   | 761 |   |   |   | 738 |   |   |   | 789 |   |   |   | 533 |   |   |   | 199 |   |
| Add:                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                taxes                                                                                                                                                                                                         |   |   | **203** |   |   |   | 121 |   |   |   | 203 |   |   |   | 179 |   |   |   | 214 |   |   |   | 261 |   |
| Total                fixed charges as above  (excluding                capitalized interest and  preferred                security distributions of   subsidiaries                on a pre-tax basis) |   |   | **518** |   |   |   | 540 |   |   |   | 547 |   |   |   | 521 |   |   |   | 598 |   |   |   | 419 |   |
|                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                earnings                                                                                                                                                                                                       |   | **$** | **1,649** |   |   | $ | 1,422 |   |   | $ | 1,488 |   |   | $ | 1,489 |   |   | $ | 1,345 |   |   | $ | 879 |   |
|                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                of earnings to fixed charges                                                                                                                                                                                   |   |   | **3.0** |   |   |   | 2.6 |   |   |   | 2.7 |   |   |   | 2.6 |   |   |   | 1.9 |   |   |   | 1.7 |   |
| Ratio                of earnings to combined fixed charges   and                preferred stock dividends (b)                                                                                                             |   |   | **3.0** |   |   |   | 2.6 |   |   |   | 2.7 |   |   |   | 2.6 |   |   |   | 1.9 |   |   |   | 1.7 |   |

| (a) |   | Net                income excludes minority interest, loss from discontinued operations                and                the cumulative effects of changes in accounting                principles.                                                                                        |
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| (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. |