EX-12.01 2 a2014oge10-kxex1201.htm EXHIBIT 12.01 2014 OG&E 10-K - Ex. 12.01


Exhibit 12.01

Oklahoma Gas and Electric Company
Ratio of Earnings to Fixed Charges

Year ended December 31 (In millions)
2014
2013
2012
2011
2010
 
 
 
 
 
 
Earnings:
 
 
 
 
 
Pre-tax income
$
403.6

$
406.1

$
374.9

$
381.2

$
326.7

Add: Fixed charges
146.9

136.0

129.6

123.3

110.9

Subtotal
550.5

542.1

504.5

504.5

437.6

 
 
 
 
 
 
Subtract:
 
 
 
 
 
Allowance for borrowed funds used during construction
2.4

3.4

3.5

10.4

5.5

Total earnings
548.1

538.7

501.0

494.1

432.1

 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
Interest on long-term debt
139.7

130.6

124.2

118.7

104.7

Interest on short-term debt and other interest charges
4.2

2.1

3.9

3.3

4.2

Calculated interest on leased property
3.0

3.3

1.5

1.3

2.0

Total fixed charges
$
146.9

$
136.0

$
129.6

$
123.3

$
110.9

 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
3.73

3.96

3.87

4.01

3.90