The paper discusses a modeling procedure that permits calculation of lightning-induced voltages on overhead lines starting from the channel-base current. The procedure makes use of 1) a lightning return-stroke model proposed by the authors for the calculation of the lightning electromagnetic field; and 2) a coupling model already presented in the literature based on the transmission line theory for field-to-overhead line coupling calculations. Both models are discussed and tested with experimental results. The hypothesis of perfect conducting ground, generally adopted in studies on the subject, is discussed in order to better assess its validity limits. The procedure is applied for the analysis of the voltages induced on an overhead line by a nearby lightning return stroke with a striking point equidistant from the line terminations. The analysis shows that the vertical and horizontal components of the electric field are both to be taken into account in the coupling mechanism. The peak value and the maximum time derivative of the channel-base current are shown to affect both the peak value and the maximum front steepness of the induced voltages while, for the examined case, the return-stroke velocity affects practically only the front steepness of the induced voltages. A comparison with other models proposed for the same purpose is presented. Peak value and maximum front steepness of the induced voltages calculated using other lightning return-stroke models differ; these differences are of the same order of magnitude as those that would result from different sets of characteristic parameters of the lightning discharge. It is also shown that a different coupling model used in the power-lightning literature by several other authors may result in a less accurate estimation of the induced voltages.