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Exhibit 12.01

OGE Energy Corp.
S E C Method of
Ratio of Earnings to Fixed Charges

			Year Ended Dec 31, 1999		Year Ended Dec 31, 2000		Year Ended Dec 31, 2001		Year Ended Dec 31, 2002		Year Ended Dec 31, 2003			6 Months Ended Jun 30, 2004
Earnings:
	Income from continuing operations		$	139,962,231	$	133,854,031	$	93,879,245	$	80,920,627	$	135,568,239		$	48,726,678
Add Income Taxes				86,203,529		72,047,027		52,885,079		44,578,932		73,670,562			20,553,646
Add Fixed Charges				105,347,270		139,931,555		132,199,580		115,552,863		102,194,363			49,517,940
		Subtotal		331,513,030		345,832,613		278,963,904		241,052,422		311,433,164			118,798,264
Subtract:
	Allowance for funds used during construction			719,576		2,229,277		707,822		905,189		538,624			265,630
	Minority interest—NOARK			1,640,086		1,243,067		953,181		134,579		(1,376,897	)		(296,094	)
	Preferred dividend requirements			—		—		—		—		—			—
		Total Earnings		329,153,368		342,360,269		277,302,901		240,012,654		312,271,437			118,828,728
Fixed Charges:
	Long-term debt interest expense			64,084,862		118,720,004		115,481,869		103,492,446		92,489,615			45,685,887
	Other interest expense			36,891,106		16,173,031		12,462,336		8,250,174		6,045,733			2,095,184
	Preferred dividend requirements			—		—		—		—		—			—
	Calculated interest on leased property			4,371,302		5,038,520		4,255,375		3,810,243		3,659,015			1,736,869
		Total Fixed Charges	$	105,347,270	$	139,931,555	$	132,199,580	$	115,552,863	$	102,194,363		$	49,517,940
Ratio of Earnings to Fixed Charges				3.12		2.45		2.10		2.08		3.06			2.40

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Exhibit 12.01