Exhibit 12.01

OGE ENERGY CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended		Year Ended			Year Ended			Year Ended			Year Ended			Three Months Ended			Twelve Months Ended
	Dec 31,		Dec 31,			Dec 31,			Dec 31,			Dec 31,			March 31,			March 31,
(In thousands)	2005		2006			2007			2008			2009			2010			2010
Earnings:
Pre-tax income from continuing operations	$	229,838		$	346,560		$	360,958		$	332,594		$	382,192		$	55,655		$	412,372
Add Fixed Charges		95,957			104,156			97,599			130,023			154,498			36,433			153,832
Subtotal		325,795			450,716			458,557			462,617			536,690			92,088			566,204
Subtract:
Allowance for borrowed funds used during construction		2,233			4,487			3,989			3,950			8,284			1,174			8,335
Other capitalized interest		---			920			902			3,615			6,336			490			4,268
Total Earnings		323,562			445,309			453,666			455,052			522,070			90,424			553,601
Fixed Charges:
Interest on long-term debt		79,951			88,287			88,677			106,565			143,593			34,084			143,687
Interest on short-term debt and other interest charges		12,571			13,108			6,444			21,041			8,453			1,705			7,787
Calculated interest on leased property		3,435			2,761			2,478			2,417			2,452			644			2,358
Total Fixed Charges	$	95,957		$	104,156		$	97,599		$	130,023		$	154,498		$	36,433		$	153,832
Ratio of Earnings to Fixed Charges		3.37			4.28			4.65			3.50			3.38			2.48			3.60