EX-12.02 10 ogeenergyandoges-3asrxex1202.htm EXHIBIT 12.02 OGE Energy and OG&E S-3ASR - Ex. 12.02


Exhibit 12.02

Oklahoma Gas and Electric Company
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
$
384.4

$
24.9

$
374.9

$
381.2

$
326.7

$
290.4

$
195.4

Add: Fixed charges
129.9

32.4

129.6

123.3

110.9

104.0

85.2

Subtotal
514.3

57.3

504.5

504.5

437.6

394.4

280.6

 
 
 
 
 
 
 
 
Subtract:
 
 
 
 
 
 
 
Allowance for borrowed funds used during construction
3.0

0.7

3.5

10.4

5.5

8.3

4.0

Total earnings
511.3

56.6

501.0

494.1

432.1

386.1

276.6

 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
Interest on long-term debt
124.3

31.1

124.2

118.7

104.7

96.5

67.3

Interest on short-term debt and other interest charges
4.0

1.0

3.9

3.3

4.2

5.4

15.8

Calculated interest on leased property
1.6

0.3

1.5

1.3

2.0

2.1

2.1

Total fixed charges
$
129.9

$
32.4

$
129.6

$
123.3

$
110.9

$
104.0

$
85.2

 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
3.94

1.75

3.87

4.01

3.90

3.71

3.25