Exhibit 12(a)
PPL CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
					2001		2000		1999		1998		1997
Fixed charges, as defined:
	Interest on long-term debt				$	351	$	323	$	233	$	203	$	196
	Interest on short-term debt and other interest					44		64		47		33		26
	Amortization of debt discount, expense and premium - net					17		5		4		2		2
		Interest on capital lease obligations
			Charged to expense					4		9		8		9
			Capitalized							1		2		2
	Estimated interest component of operating rentals					36		25		20		18		15
				Total fixed charges	$	448	$	421	$	314	$	266	$	250
Earnings, as defined:
	Net income (a)				$	167	$	491	$	492	$	379	$	296
	Preferred security dividend requirements					52		26		26		25		24
	Less undistributed income of equity method investments					20		74		56		3		(25)
						199		443		462		401		345
Add (Deduct):
	Income taxes					261		294		174		259		238
	Amortization of capitalized interest on capital leases							2		2		2		2
	Total fixed charges as above (excluding capitalized interest on capital lease obligations)					448		421		313		264		248
				Total earnings	$	908	$	1,160	$	951	$	926	$	833
Ratio of earnings to fixed charges (b)						2.0		2.8		3.0		3.5		3. 3
Fixed charges and preferred dividend requirements:
	Fixed charges above					448		421		314		266		250
	Preferred dividend requirements					64		31		30		31		33
				Total	$	512	$	452	$	344	$	297		283
Ratio of earnings to fixed charges and preferred dividend requirements (c)						1.8		2.6		2.8		3.1		2.9
(a)	2001, 2000, 1999 and 1998 net income excluding extraordinary items, minority interest and the cumulative effect of a change in accounting principle.
(b)	Based on earnings excluding unusual items, the ratio of earnings to fixed charges are: 2001, 3.2; 2000, 2.7; 1999, 2.8; 1998, 3.1; and 1997, 3.5.
(c)	Based on earnings excluding unusual items, the ratio of earnings to fixed charges and preferred dividend requirements are: 2001, 2.8; 2000, 2.5; 1999, 2.7; 1998, 2.8; and 1997, 3.1.