EX-12.01 5 a2012oge10-kxex1201.htm EXHIBIT 12.01 2012 OGE 10-K - Ex. 12.01


Exhibit 12.01

OGE Energy Corp.
Ratio of Earnings to Fixed Charges

Year ended December 31 (In millions)
2012
2011
2010
2009
2008
 
 
 
 
 
 
Earnings:
 
 
 
 
 
Pre-tax income
$
520.1

$
524.3

$
461.4

$
382.2

$
338.6

Add: Fixed charges
174.4

161.8

150.1

154.5

130.0

Subtotal
694.5

686.1

611.5

536.7

468.6

 
 
 
 
 
 
Subtract:
 
 
 
 
 
Allowance for borrowed funds used during construction
3.5

10.4

5.5

8.3

4.0

Other capitalized interest
4.5

8.7

2.5

6.3

3.5

Total earnings
686.5

667.0

603.5

522.1

461.1

 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
Interest on long-term debt
163.4

154.8

141.8

143.6

106.6

Interest on short-term debt and other interest charges
8.7

5.2

5.9

8.4

21.0

Calculated interest on leased property
2.3

1.8

2.4

2.5

2.4

Total fixed charges
$
174.4

$
161.8

$
150.1

$
154.5

$
130.0

 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
3.94

4.12

4.02

3.38

3.55