EX-12.01 9 ogeenergyandoges-3asrxex1201.htm EXHIBIT 12.01 OGE Energy and OG&E S-3ASR - Ex. 12.01


Exhibit 12.01

OGE Energy Corp.
Ratio of Earnings to Fixed Charges

 
Twelve Months Ended March 31,
Three Months Ended March 31,
Year Ended December 31,
(in millions)
2013
2013
2012
2011
2010
2009
2008
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
Pre-tax income
$
497.7

$
43.6

$
520.1

$
524.3

$
461.4

$
382.2

$
338.6

Add: Fixed charges
175.1

43.7

174.4

161.8

150.1

154.5

130.0

Subtotal
672.8

87.3

694.5

686.1

611.5

536.7

468.6

 
 
 
 
 
 
 
 
Subtract:
 
 
 
 
 
 
 
Allowance for borrowed funds used during construction
3.0

0.7

3.5

10.4

5.5

8.3

4.0

Other capitalized interest
4.5

1.4

4.5

8.7

2.5

6.3

3.5

Total earnings
665.3

85.2

686.5

667.0

603.5

522.1

461.1

 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
Interest on long-term debt
163.9

41.1

163.4

154.8

141.8

143.6

106.6

Interest on short-term debt and other interest charges
8.9

2.2

8.7

5.2

5.9

8.4

21.0

Calculated interest on leased property
2.3

0.4

2.3

1.8

2.4

2.5

2.4

Total fixed charges
$
175.1

$
43.7

$
174.4

$
161.8

$
150.1

$
154.5

$
130.0

 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
3.80

1.95

3.94

4.12

4.02

3.38

3.55