PPL Electric Utilities 10-Q 2005 Q1 Quarterly report

Exhibit 12(c)
PPL ELECTRIC UTILITIES CORPORATION 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		$	169		$	176	$	201	$	209	$	220	$	223
	Interest on short-term debt and   other interest			18			7		3		3		4		16
	Amortization of debt discount,   expense and premium - net			7			7		8		7		6		4
	Interest on capital lease obligations   charged to expense														4
	Estimated interest component of   operating rentals			8			8		7		7		8		14
	Preferred security distributions of   subsidiaries on a pre-tax basis										13		23		23
		Total fixed charges	$	202		$	198	$	219	$	239	$	261	$	284
Earnings, as defined:
	Net income (a)		$	56		$	74	$	25	$	39	$	114	$	250
	Preferred security dividend   requirements			2			2		3		16		26		26
				58			76		28		55		140		276
Add:
	Income taxes (benefit)			(9	)		8		18		18		65		171
	Amortization of capitalized   interest on capital leases														2
	Total fixed charges as above   (excluding capitalized interest,   capitalized interest on capital   lease obligations and preferred   security distributions of   subsidiaries on a pre-tax basis)			202			197		219		225		238		257
		Total earnings	$	251		$	281	$	265	$	298	$	443	$	706
Ratio of earnings to fixed charges				1.2			1.4		1.2		1.2		1.7		2.5
(a)	Net income excludes extraordinary item and the cumulative effect of a change in accounting principle.