PPL Electric Utilities 10-Q 2005 Q1 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 March 31,			12 Months Ended December 31,
			2005			2004			2003			2002			2001		2000
Fixed charges, as defined:
	Interest on long-term debt		$	273		$	264		$	149		$	169		$	36	$	54
	Interest on short-term debt and   other interest			29			23			25			52			33		75
	Amortization of debt discount,   expense and premium - net			(4	)		(5	)		31			9			2		11
	Estimated interest component of   operating rentals			16			17			38			23			19		9
	Preferred securities distributions of   subsidiaries on a pre-tax basis									8			12
		Total fixed charges	$	314		$	299		$	251		$	265		$	90	$	149
Earnings, as defined:
	Net income (a)		$	669		$	661		$	719		$	509		$	168	$	246
	Preferred security dividend    requirement									5			9
	Less undistributed income (loss)   of equity method investments			(11	)		(12	)		(15	)		(22	)		20		74
				680			673			739			540			148		172
Add:
	Income taxes			173			199			185			266			274		125
	Total fixed charges as above   (excluding capitalized interest   and preferred security   distributions of subsidiaries   on a pre-tax basis)			309			294			237			234			66		135
		Total earnings	$	1,162		$	1,166		$	1,161		$	1,040		$	488	$	432
Ratio of earnings to fixed charges				3.7			3.9			4.6			3.9			5.4		2.9
(a)	Net income excludes minority interest, loss from discontinued operations and the cumulative effects of changes in accounting principles.