EX-12.01 9 ogeenergyandoges-3asrxex1201.htm EXHIBIT 12.01 Exhibit


Exhibit 12.01

OGE Energy Corp.
Ratio of Earnings to Fixed Charges

 
Twelve Months Ended June 30,
Six Months Ended June 30,
Year Ended December 31,
(in millions)
2016
2016
2015
2014
2013
2012
2011
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
Pre-tax income
$
337.0

$
102.5

$
353.2

$
396.0

$
422.2

$
520.1

$
524.3

Add: Fixed charges
154.1

76.3

156.3

153.9

157.2

174.4

161.8

Distributions received from equity method investment
140.9

70.6

139.3

143.7

51.7

—

—

Subtotal
632.0

249.4

648.8

693.6

631.1

694.5

686.1

 
 
 
 
 
 
 
 
Subtract:
 
 
 
 
 
 
 
Allowance for borrowed funds used during construction
5.2

2.7

4.2

2.4

3.4

3.5

10.4

Other capitalized interest
—

—

—

—

2.0

4.5

8.7

Total earnings
626.8

246.7

644.6

691.2

625.7

686.5

667.0

 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
Interest on long-term debt
145.5

71.5

147.8

144.6

147.6

163.4

154.8

Interest on short-term debt and other interest charges
5.8

3.5

5.4

6.2

5.3

8.7

5.2

Calculated interest on leased property
2.8

1.3

3.1

3.1

4.3

2.3

1.8

Total fixed charges
$
154.1

$
76.3

$
156.3

$
153.9

$
157.2

$
174.4

$
161.8

 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
4.07

3.23

4.12

4.49

3.98

3.94

4.12