EX-12.02 10 ogeenergyandoges-3asrxex1202.htm EXHIBIT 12.02 Exhibit


Exhibit 12.02

Oklahoma Gas and Electric Company
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
$
367.6

$
111.8

$
373.7

$
403.6

$
406.1

$
374.9

$
381.2

Add: Fixed charges
151.1

74.4

153.9

146.9

136.0

129.6

123.3

Subtotal
518.7

186.2

527.6

550.5

542.1

504.5

504.5

 
 
 
 
 
 
 
 
Subtract:
 
 
 
 
 
 
 
Allowance for borrowed funds used during construction
5.3

2.7

4.2

2.4

3.4

3.5

10.4

Total earnings
513.4

183.5

523.4

548.1

538.7

501.0

494.1

 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
Interest on long-term debt
144.2

70.9

146.8

139.7

130.6

124.2

118.7

Interest on short-term debt and other interest charges
4.1

2.3

4.1

4.2

2.1

3.9

3.3

Calculated interest on leased property
2.8

1.2

3.0

3.0

3.3

1.5

1.3

Total fixed charges
$
151.1

$
74.4

$
153.9

$
146.9

$
136.0

$
129.6

$
123.3

 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
3.40

2.47

3.40

3.73

3.96

3.87

4.01