PPL Electric Utilities 10-Q 2006 Q3 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 September 30,			12 Months Ended December 31,
	2006			2005			2004			2003			2002			2001
Fixed charges, as defined:
Interest on long-term debt	$	478		$	465		$	491		$	417		$	486		$	351
Interest on short-term debt and   other interest		17			29			20			25			70			44
Amortization of debt discount,   expense and premium - net		11			23			8			41			25			17
Estimated interest component of   operating rentals		31			32			34			45			38			36
Preferred securities distributions of   subsidiaries on a pre-tax basis		18			5			5			45			79			64
Total fixed charges	$	555		$	554		$	558		$	573		$	698		$	512
Earnings, as defined:
Net income (a)	$	912		$	744		$	721		$	740		$	444		$	167
Preferred security dividend   requirements		10			3			3			30			66			52
Less undistributed income (loss)   of equity method investments		(6	)		(14	)		(14	)		(19	)		(23	)		20
		928			761			738			789			533			199
Add:
Income taxes		203			121			203			179			214			261
Total fixed charges as above   (excluding capitalized interest and   preferred security distributions of   subsidiaries on a pre-tax basis)		518			540			547			521			598			419
Total earnings	$	1,649		$	1,422		$	1,488		$	1,489		$	1,345		$	879
Ratio of earnings to fixed charges		3.0			2.6			2.7			2.6			1.9			1.7
Ratio of earnings to combined fixed charges   and preferred stock dividends (b)		3.0			2.6			2.7			2.6			1.9			1.7

(a)	Net income excludes 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.