Exhibit 12(b)
PPL ENERGY SUPPLY, LLC AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars)
	Nine Months Ended September 30,		Years Ended December 31,
	2009		2008		2007			2006			2005		2004
Earnings, as defined:
Income from Continuing Operations Before Income Taxes	$	239	$	1,085	$	1,095		$	841		$	619	$	825
Less earnings of equity method investments		1		1		3			5			5		4
Distributed income from equity method investments		1		1		5			3			5		4
		239		1,085		1,097			839			619		825
Total fixed charges as below		259		390		388			326			307		289
Less:
Capitalized interest		37		57		54			21			7		5
Interest expense related to discontinued operations		3		4		29			30			31		24
Total fixed charges included in Income from Continuing Operations Before Income Taxes		219		329		305			275			269		260
Total earnings	$	458	$	1,414	$	1,402		$	1,114		$	888	$	1,085
Fixed charges, as defined:
Interest on long-term debt	$	209	$	345	$	353		$	296		$	259	$	255
Interest on short-term debt and other interest		22		27		24			16			26		23
Amortization of debt discount, expense and premium - net		6		2		(3	)		(1	)		7		(6	)
Estimated interest component of operating rentals		21		15		14			15			15		17
Fixed charges of majority-owned share of 50% or less-owned persons		1		1
Total fixed charges (a)	$	259	$	390	$	388		$	326		$	307	$	289
Ratio of earnings to fixed charges		1.8		3.6		3.6			3.4			2.9		3.8

(a) Interest on unrecognized tax benefits is not included in fixed charges.