EX-12.01 2 a2016oge10-kxex1201.htm EXHIBIT 12.01 Exhibit


Exhibit 12.01

Oklahoma Gas and Electric Company
Ratio of Earnings to Fixed Charges

Year ended December 31 (In millions)
2016
2015
2014
2013
2012
 
 
 
 
 
 
Earnings:
 
 
 
 
 
Pre-tax income
$
398.5

$
373.7

$
403.6

$
406.1

$
374.9

Add: Fixed charges
147.9

153.9

146.9

136.0

129.6

Subtotal
546.4

527.6

550.5

542.1

504.5


 
 
 
 
 
Subtract:
 
 
 
 
 
Allowance for borrowed funds used during construction
7.5

4.2

2.4

3.4

3.5

Total earnings
538.9

523.4

548.1

538.7

501.0


 
 
 
 
 
Fixed Charges:
 
 
 
 
 
Interest on long-term debt
141.7

146.8

139.7

130.6

124.2

Interest on short-term debt and other interest charges
3.9

4.1

4.2

2.1

3.9

Calculated interest on leased property
2.3

3.0

3.0

3.3

1.5

Total fixed charges
$
147.9

$
153.9

$
146.9

$
136.0

$
129.6


 
 
 
 
 
Ratio of Earnings to Fixed Charges
3.64

3.40

3.73

3.96

3.87