Exhibit 12.01

OGE Energy Corp.

Ratio of Earnings to Fixed Charges

Year ended December 31 (In millions)	2015		2014		2013		2012		2011
Earnings:
Pre-tax income (A)	$	353.2	$	396.0	$	422.2	$	520.1	$	524.3
Add: Fixed charges	156.3		153.9		157.2		174.4		161.8
Distributions received from equity method investment	139.3		143.7		51.7		—		—
Subtotal	648.8		693.6		631.1		694.5		686.1
Subtract:
Allowance for borrowed funds used during construction	4.2		2.4		3.4		3.5		10.4
Other capitalized interest	—		—		2.0		4.5		8.7
Total earnings	644.6		691.2		625.7		686.5		667.0
Fixed Charges:
Interest on long-term debt	147.8		144.6		147.6		163.4		154.8
Interest on short-term debt and other interest charges	5.4		6.2		5.3		8.7		5.2
Calculated interest on leased property	3.1		3.1		4.3		2.3		1.8
Total fixed charges	$	156.3	$	153.9	$	157.2	$	174.4	$	161.8
Ratio of Earnings to Fixed Charges	4.12		4.49		3.98		3.94		4.12

(A)Excludes amounts attributable to income or loss from equity method investment.