EX-12.01 2 a2013oge10-kxex1201.htm EXHIBIT 12.01 2013 OG&E 10-K - Ex. 12.01


Exhibit 12.01

Oklahoma Gas and Electric Company
Ratio of Earnings to Fixed Charges

Year ended December 31 (In millions)
2013
2012
2011
2010
2009
 
 
 
 
 
 
Earnings:
 
 
 
 
 
Pre-tax income
$
406.1

$
374.9

$
381.2

$
326.7

$
290.4

Add: Fixed charges
136.0

129.6

123.3

110.9

104.0

Subtotal
542.1

504.5

504.5

437.6

394.4

 
 
 
 
 
 
Subtract:
 
 
 
 
 
Allowance for borrowed funds used during construction
3.4

3.5

10.4

5.5

8.3

Total earnings
538.7

501.0

494.1

432.1

386.1

 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
Interest on long-term debt
130.6

124.2

118.7

104.7

96.5

Interest on short-term debt and other interest charges
2.1

3.9

3.3

4.2

5.4

Calculated interest on leased property
3.3

1.5

1.3

2.0

2.1

Total fixed charges
$
136.0

$
129.6

$
123.3

$
110.9

$
104.0

 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
3.96

3.87

4.01

3.90

3.71