| 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,** |
|                                                                                                                                                                                                                                                                                                                 |   | **2007** |   | **2006                (c)** |   | **2005                (c)** |   | **2004                (c)** |   | **2003                (c)** |   | **2002                (c)** |
| Fixed                charges, as defined:                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                on long-term debt                                                                                                                                                                                                                                                                            |   | **$** | **315** |   |   | $ | 296 |   |   | $ | 259 |   |   | $ | 255 |   |   | $ | 149 |   |   | $ | 169 |   |
| Interest                on short-term debt and  other                interest                                                                                                                                                                                                                              |   |   | **21** |   |   |   | 16 |   |   |   | 26 |   |   |   | 23 |   |   |   | 25 |   |   |   | 52 |   |
| Amortization                of debt discount,  expense                and premium - net                                                                                                                                                                                                                    |   |   | **2** |   |   |   | (1 | ) |   |   | 7 |   |   |   | (6 | ) |   |   | 31 |   |   |   | 9 |   |
| Estimated                interest component of  operating                rentals                                                                                                                                                                                                                           |   |   | **15** |   |   |   | 15 |   |   |   | 15 |   |   |   | 17 |   |   |   | 31 |   |   |   | 21 |   |
| Preferred                securities distributions of  subsidiaries                on a pre-tax basis                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 8 |   |   |   | 12 |   |
|                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                fixed charges (a)                                                                                                                                                                                                                                                                               |   | **$** | **353** |   |   | $ | 326 |   |   | $ | 307 |   |   | $ | 289 |   |   | $ | 244 |   |   | $ | 263 |   |
| Earnings,                as defined:                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                income (b)                                                                                                                                                                                                                                                                                        |   | **$** | **635** |   |   | $ | 682 |   |   | $ | 566 |   |   | $ | 634 |   |   | $ | 784 |   |   | $ | 171 |   |
| Preferred                security dividend requirement                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 5 |   |   |   | 9 |   |
| Less                undistributed income (loss)  of                equity method investments                                                                                                                                                                                                               |   |   | **4** |   |   |   | 4 |   |   |   | 2 |   |   |   |   |   |   |   |   |   |   |   | (8 | ) |
|                                                                                                                                                                                                                                                                                                                 |   |   | **631** |   |   |   | 678 |   |   |   | 564 |   |   |   | 634 |   |   |   | 789 |   |   |   | 188 |   |
| Add:                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                taxes                                                                                                                                                                                                                                                                                          |   |   | **158** |   |   |   | 183 |   |   |   | 82 |   |   |   | 217 |   |   |   | 178 |   |   |   | 280 |   |
| 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) |   |   | **295** |   |   |   | 276 |   |   |   | 272 |   |   |   | 262 |   |   |   | 209 |   |   |   | 212 |   |
|                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                earnings                                                                                                                                                                                                                                                                                        |   | **$** | **1,084** |   |   | $ | 1,137 |   |   | $ | 918 |   |   | $ | 1,113 |   |   | $ | 1,176 |   |   | $ | 680 |   |
|                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                of earnings to fixed charges                                                                                                                                                                                                                                                                    |   |   | **3.1** |   |   |   | 3.5 |   |   |   | 3.0 |   |   |   | 3.9 |   |   |   | 4.8 |   |   |   | 2.6 |   |

|   |   |                                                                                                                                                                                                                                                                                         |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (a)    |   | Interest                on unrecognized tax benefits is not included in fixed                charges.                                                                                                                                                                                        |
| (b)    |   | Net                income excludes minority interest, income (loss) from discontinued                operations and the cumulative effects of changes in accounting                principles.                                                                                               |
| (c)    |   | 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." |