EX-12.01 7 a2016oge10-kxex1201.htm EXHIBIT 12.01 Exhibit


Exhibit 12.01

OGE Energy Corp.
Ratio of Earnings to Fixed Charges

Year ended December 31 (In millions)
2016
2015
2014
2013
2012
 
 
 
 
 
 
Earnings:
 
 
 
 
 
Pre-tax income (A)
$
384.5

$
353.2

$
396.0

$
422.2

$
520.1

Add: Fixed charges
152.0

156.3

153.9

157.2

174.4

Distributions received from equity method investment
141.2

139.3

143.7

51.7

—

Subtotal
677.7

648.8

693.6

631.1

694.5

 
 
 
 
 
 
Subtract:
 
 
 
 
 
Allowance for borrowed funds used during construction
7.5

4.2

2.4

3.4

3.5

Other capitalized interest
—

—

—

2.0

4.5

Total earnings
670.2

644.6

691.2

625.7

686.5

 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
Interest on long-term debt
143.2

147.8

144.6

147.6

163.4

Interest on short-term debt and other interest charges
6.4

5.4

6.2

5.3

8.7

Calculated interest on leased property
2.4

3.1

3.1

4.3

2.3

Total fixed charges
$
152.0

$
156.3

$
153.9

$
157.2

$
174.4

 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
4.41

4.12

4.49

3.98

3.94

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