PPL Electric Utilities 10-Q 2002 Q3 Quarterly report

Exhibit 12(b)
PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars)
			12 Months Ended September 30,		12 Months Ended December 31,
			2002 (b)		2001 (b)		2000 (b)		1999			1998			1997
Fixed charges, as defined:
	Interest on long-term debt		$	145	$	36	$	54	$	20		$	11		$	1
	Interest on short-term debt and   other interest			48		33		75		32			14			11
	Amortization of debt discount,   expense and premium - net			2		2		11		1
	Estimated interest component of   operating rentals			20		19		9
	Preferred stock dividends of   subsidiaries on a pre-tax basis			9
		Total fixed charges	$	224	$	90	$	149	$	53		$	25		$	12
Earnings, as defined:
	Net income (loss) (a)		$	45	$	168	$	246	$	(20	)	$	12		$	(15	)
	Preferred security dividend requirement			6
	Less undistributed income (loss)    of equity method investments			17		20		74		56			3			(25	)
				34		148		172		(76	)		9			10
Add:
	Income taxes (benefit)			262		274		124		(29	)		(6	)		(1	)
	Total fixed charges as above   (excluding capitalized interest   and preferred stock dividends of   subsidiaries on a pre-tax basis)			195		66		136		52			24			11
		Total earnings	$	491	$	488	$	432	$	(53	)	$	27		$	20
Ratio of earnings to fixed charges				2.2		5.4		2.9		(1.0	)		1.1			1.7
Deficiency									$	106
(a)	Net income (loss) excludes minority interest and the cumulative effect of a change in accounting principle.
(b)	Due to the corporate realignment on July 1, 2000, data in 2000 and subsequent years are not comparable to prior years. See Note 16 in PPL Energy Supply's Form 10-K for the year ended December 31, 2001 for additional information.