EX-12.02 9 s-3asrxex12022018.htm EXHIBIT 12.02 Exhibit


Exhibit 12.02

Oklahoma Gas and Electric Company
Ratio of Earnings to Fixed Charges

 
Three Months Ended March 31,
Year Ended December 31,
(In millions)
2018
2017
2016
2015
2014
2013
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
Pre-tax income
$
34.3

$
447.3

$
398.5

$
373.7

$
403.6

$
406.1

Add: Fixed charges
41.5

158.6

147.9

153.9

146.9

136.0

Subtotal
75.8

605.9

546.4

527.6

550.5

542.1

 
 
 
 
 
 
 
Subtract:
 
 
 
 
 
 
Allowance for borrowed funds used during construction
3.7

18.0

7.5

4.2

2.4

3.4

Total earnings
72.1

587.9

538.9

523.4

548.1

538.7

 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
Interest on long-term debt
39.6

151.9

141.7

146.8

139.7

130.6

Interest on short-term debt and other interest charges
1.4

4.5

3.9

4.1

4.2

2.1

Calculated interest on leased property
0.5

2.2

2.3

3.0

3.0

3.3

Total fixed charges
$
41.5

$
158.6

$
147.9

$
153.9

$
146.9

$
136.0

 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
1.74

3.71

3.64

3.40

3.73

3.96