exhibit12b.htm

Exhibit 12(b)
PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)


	2010		2009		2008		2007			2006
Earnings, as defined:
Income from Continuing Operations Before
Income Taxes	$	1,143	$	277	$	1,000	$	1,044		$	803
Less earnings of equity method investments								1			3
Distributed income from equity method investments		7		1				3			1
		1,150		278		1,000		1,046			801

Total fixed charges as below		426		364		390		388			326
Less:
Capitalized interest		33		44		57		54			21
Interest expense and fixed charges related to
discontinued operations		12		15		12		34			32
Total fixed charges included in Income from
Continuing Operations Before Income Taxes		381		305		321		300			273

Total earnings	$	1,531	$	583	$	1,321	$	1,346		$	1,074

Fixed charges, as defined:
Interest on long-term debt	$	330	$	284	$	345	$	353		$	296
Interest on short-term debt and other interest		37		29		27		24			16
Amortization of debt discount, expense and
premium - net		20		8		2		(3	)		(1	)
Estimated interest component of operating rentals		38		42		15		14			15
Fixed charges of majority-owned share of 50% or
less-owned persons		1		1		1

Total fixed charges (a)	$	426	$	364	$	390	$	388		$	326

Ratio of earnings to fixed charges		3.6		1.6		3.4		3.5			3.3