Exhibit 12.01

OGE Energy Corp.

Ratio of Earnings to Fixed Charges

Year Ended December 31 (In millions)	2017		2016		2015		2014		2013
Earnings:
Pre-tax income (A)	$	438.5	$	384.5	$	353.2	$	396.0	$	422.2
Add: Fixed charges	164.0		152.0		156.3		153.9		157.2
Distributions received from equity method investment	141.2		141.2		139.3		143.7		51.7
Subtotal	743.7		677.7		648.8		693.6		631.1
Subtract:
Allowance for borrowed funds used during construction	18.0		7.5		4.2		2.4		3.4
Other capitalized interest	—		—		—		—		2.0
Total earnings	725.7		670.2		644.6		691.2		625.7
Fixed Charges:
Interest on long-term debt	153.6		143.2		147.8		144.6		147.6
Interest on short-term debt and other interest charges	8.2		6.4		5.4		6.2		5.3
Calculated interest on leased property	2.2		2.4		3.1		3.1		4.3
Total fixed charges	$	164.0	$	152.0	$	156.3	$	153.9	$	157.2
Ratio of Earnings to Fixed Charges	4.42		4.41		4.12		4.49		3.98

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