PPL Electric Utilities 10-Q 2003 Q2 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 June 30,			12 Months Ended December 31,
			2003			2002			2001		2000		1999 (b)			1998 (b)
Fixed charges, as defined:
	Interest on long-term debt		$	153		$	169		$	36	$	54	$	20		$	11
	Interest on short-term debt and   other interest			47			52			33		75		32			14
	Amortization of debt discount,   expense and premium - net			23			9			2		11		1
	Estimated interest component of   operating rentals			39			23			19		9
	Preferred securities distributions of   subsidiaries on a pre-tax basis			13			12
		Total fixed charges	$	275		$	265		$	90	$	149	$	53		$	25
Earnings, as defined:
	Net income (loss) (a)		$	407		$	507		$	168	$	246	$	(20	)	$	12
	Preferred security dividend requirement			9			9
	Less undistributed income (loss)   of equity method investments			(10	)		(22	)		20		74		56			3
				426			538			148		172		(76	)		9
Add:
	Income taxes (benefit)			226			266			274		125		(29	)		(6	)
	Total fixed charges as above (excluding capitalized interest   and preferred stock dividends of   subsidiaries on a pre-tax basis)			250			234			66		135		52			24
		Total earnings	$	902		$	1,038		$	488	$	432	$	(53	)	$	27
Ratio of earnings to fixed charges				3.3			3.9			5.4		2.9		(1.0	)		1.1
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 19 in PPL Energy Supply's Form 10-K for the year ended December 31, 2002 for additional information.