PPL Electric Utilities 10-Q 2005 Q2 Quarterly report

Exhibit 12(a)
PPL CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (Millions of Dollars)
				12 Months Ended June 30,			12 Months Ended December 31,
				2005			2004 (c)			2003 (c)			2002 (c)			2001		2000
Fixed charges, as defined:
	Interest on long-term debt			$	485		$	491		$	417		$	486		$	351	$	323
	Interest on short-term debt and   other interest				32			20			25			70			44		64
	Amortization of debt discount,   expense and premium - net				8			8			41			25			17		5
	Interest on capital lease obligations
		charged to expense																	4
	Estimated interest component of   operating rentals				32			34			45			38			36		25
	Preferred securities distributions of   subsidiaries on a pre-tax basis				5			5			45			79			64		31
			Total fixed charges	$	562		$	558		$	573		$	698		$	512	$	452
Earnings, as defined:
	Net income (a)			$	730		$	721		$	740		$	444		$	167	$	491
	Preferred security dividend requirements				2			2			29			66			52		26
	Less undistributed income (loss)   of equity method investments				(14	)		(13	)		(19	)		(23	)		20		74
					746			736			788			533			199		443
Add:
	Income taxes				172			205			180			214			261		294
	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)				552			547			521			598			419		405
			Total earnings	$	1,470		$	1,488		$	1,489		$	1,345		$	879	$	1,144
Ratio of earnings to fixed charges					2.6			2.7			2.6			1.9			1.7		2.5
Ratio of earnings to combined fixed   charges and preferred stock   dividends (b)					2.6			2.7			2.6			1.9			1.7		2.5
(a)	Net income excludes extraordinary item, minority interest, loss from discontinued operations and the cumulative effects of changes in accounting principles.
(b)	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.
(c)	Certain line items have been revised due to the June 2005 sale of the Sundance plant and the related reclassification of prior period operating losses to "Loss from Discontinued Operations."