| Exhibit      12(a)                                                                                                                                                                                                                                                              |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| PPL      CORPORATION AND SUBSIDIARIES COMPUTATION      OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES ANDPREFERRED      STOCK DIVIDENDS(Millions      of Dollars)                                                                                                          |
|                                                                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                            |   | 3      MonthsEndedMarch      31, |   | 12      Months Ended December      31, |
|                                                                                                                                                                                                                                                                            |   | 2008 |   | 2007 |   | 2006 |   | 2005 |   | 2004 |   | 2003 |
| Earnings,      as defined:                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (a)                                                                                                                                                                                                                                                             |   | $ | 246 |   |   | $ | 1,016 |   |   | $ | 842 |   |   | $ | 695 |   |   | $ | 681 |   |   | $ | 772 |   |
| Preferred      security dividend requirements                                                                                                                                                                                                                                   |   |   | 5 |   |   |   | 18 |   |   |   | 14 |   |   |   | 2 |   |   |   | 2 |   |   |   | 29 |   |
| Less      undistributed income (loss)  of      equity method investments                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   | 3 |   |   |   | 2 |   |   |   | (1 | ) |   |   | (5 | ) |
| Income      taxes                                                                                                                                                                                                                                                               |   |   | 129 |   |   |   | 270 |   |   |   | 268 |   |   |   | 128 |   |   |   | 196 |   |   |   | 162 |   |
| 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) |   |   | 113 |   |   |   | 495 |   |   |   | 476 |   |   |   | 505 |   |   |   | 519 |   |   |   | 494 |   |
|                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      earnings                                                                                                                                                                                                                                                             |   | $ | 493 |   |   | $ | 1,799 |   |   | $ | 1,597 |   |   | $ | 1,328 |   |   | $ | 1,399 |   |   | $ | 1,462 |   |
|                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      charges, as defined:                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      on long-term debt                                                                                                                                                                                                                                                 |   | $ | 121 |   |   | $ | 522 |   |   | $ | 482 |   |   | $ | 465 |   |   | $ | 491 |   |   | $ | 417 |   |
| Interest      on short-term debt and  other      interest                                                                                                                                                                                                             |   |   | 5 |   |   |   | 35 |   |   |   | 13 |   |   |   | 29 |   |   |   | 20 |   |   |   | 25 |   |
| Amortization      of debt discount,  expense      and premium - net                                                                                                                                                                                                   |   |   | 4 |   |   |   | 8 |   |   |   | 11 |   |   |   | 23 |   |   |   | 8 |   |   |   | 41 |   |
| Estimated      interest component of  operating      rentals                                                                                                                                                                                                          |   |   | 5 |   |   |   | 21 |   |   |   | 29 |   |   |   | 32 |   |   |   | 34 |   |   |   | 45 |   |
| Preferred      securities distributions of  subsidiaries      on a pre-tax basis                                                                                                                                                                                      |   |   | 7 |   |   |   | 23 |   |   |   | 24 |   |   |   | 5 |   |   |   | 5 |   |   |   | 45 |   |
|                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      fixed charges (b)                                                                                                                                                                                                                                                    |   | $ | 142 |   |   | $ | 609 |   |   | $ | 559 |   |   | $ | 554 |   |   | $ | 558 |   |   | $ | 573 |   |
|                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to fixed charges                                                                                                                                                                                                                                         |   |   | 3.5 |   |   |   | 3.0 |   |   |   | 2.9 |   |   |   | 2.4 |   |   |   | 2.5 |   |   |   | 2.6 |   |
| Ratio      of earnings to combined fixed charges  and      preferred stock dividends (c)                                                                                                                                                                    |   |   | 3.5 |   |   |   | 3.0 |   |   |   | 2.9 |   |   |   | 2.4 |   |   |   | 2.5 |   |   |   | 2.6 |   |

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