Exhibit 12(b)
PPL ENERGY SUPPLY, LLC 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			$	36	$	54	$	20	$	11	$	1
	Interest on short-term debt				33
		and other interest			2		75		32		14		11
	Amortization of debt discount, expense and premium - net						11		1
	Estimated interest component of operating rentals				19		9
			Total fixed charges	$	90	$	149	$	53	$	25	$	12
Earnings, as defined:
	Net income (a)			$	168	$	246	$	(20)	$	12	$	(15)
	Less undistributed income of equity method investment				20		74		56		3		(25)
				$	148	$	172	$	(76)	$	9	$	10
Add (Deduct):
	Income taxes				274		124		(29)		(6)		(1)
	Amortization of capitalized interest on capital leases
	Total fixed charges as above (excluding capitalized interest on capital lease obligations)				90		149		53		25		12
			Total earnings	$	512	$	445	$	(52)	$	28	$	21
Ratio of earnings to fixed charges (b) (c)					5.7		3.0		(1.0)		1.1		1.8
Deficiency				$	0	$	0	$	105	$	0	$	0
(a)	2001, 2000 and 1999 net income excluding 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, 11.6; 2000, 2.5; 1999, 3.1; and 1998, 3.5.
(c)	Due to the corporate realignment on July 1, 2000, both 2001 and 2000 are not comparable to prior years.