EX-12.01 5 oge10kex1201.htm OGE ENERGY CORP. 2010 EXHIBIT 12.01 oge10kex1201.htm
Exhibit 12.01

OGE ENERGY CORP.
RATIO OF EARNINGS TO FIXED CHARGES

Year ended December 31  (In millions)
2006
2007
2008
2009
2010
                                 
Earnings:
                               
Pre-tax income from continuing operations
 
$
346.6
 
$
361.9
 
$
338.6
 
$
382.2
 
$
461.4
 
                                 
Add Fixed Charges
   
104.1
   
97.6
   
130.0
   
154.5
   
150.1
 
                                 
Subtotal
   
450.7
   
459.5
   
468.6
   
536.7
   
611.5
 
                                 
Subtract:
                               
Allowance for borrowed funds used during construction
   
4.5
   
4.0
   
4.0
   
8.3
   
5.5
 
Other capitalized interest
   
0.9
   
0.9
   
3.5
   
6.3
   
2.5
 
                                 
Total Earnings
   
445.3
   
454.6
   
461.1
   
522.1
   
603.5
 
                                 
Fixed Charges:
                               
Interest on long-term debt
   
88.3
   
88.7
   
106.6
   
143.6
   
141.8
 
Interest on short-term debt and other interest charges
   
13.1
   
6.4
   
21.0
   
8.5
   
5.9
 
Calculated interest on leased property
   
2.7
   
2.5
   
2.4
   
2.4
   
2.4
 
                                 
Total Fixed Charges
 
$
104.1
 
$
97.6
 
$
130.0
 
$
154.5
 
$
150.1
 
                                 
Ratio of Earnings to Fixed Charges
   
4.28
   
4.66
   
3.55
   
3.38
   
4.02