PPL 10Q 2002 Q1 Quarterly report | PPL Filing

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Legalese
Litigous
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Exhibit 12(d)

PPL MONTANA, LLC AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars)




			12 Months Ended March 31,		12 Months Ended December 31,
			2002		2001		2000

Fixed charges, as defined:
	Interest expense on credit facility		$	2	$	2	$	16
	Amortization of debt expenses			1		1		3
	Amortization of wholesale energy commitments			6		6		7
	Estimated interest component of operating rentals			15		15		6

		Total fixed charges	$	24	$	24	$	32

Earnings, as defined:
	Net income (a)		$	38	$	103	$	87


Add:
	Income taxes			26		68		58

	Total fixed charges as above			24		24		32

		Total earnings	$	88	$	195	$	177

Ratio of earnings to fixed charges				3.7		8.1		5.5

(a)	Net income excludes extraordinary items.

PPL (PPL) 10-Q2002 Q1 Quarterly report

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