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Content analysis
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| Exhibit 12.01 |
OGE ENERGY CORP.
RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended | Year Ended | Year Ended | Year Ended | Year Ended |
| Dec 31, 2003 | Dec 31, 2004 | Dec 31, 2005 | Dec 31, 2006 | Dec 31, 2007 |
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Earnings: |
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Pre-tax income from continuing operations | $201,237,416 | $215,289,482 | $229,837,874 | $346,559,601 | $360,957,866 |
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Add Fixed Charges | 96,489,538 | 95,978,185 | 95,956,779 | 104,155,889 | 97,599,492 |
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Subtotal | 297,726,954 | 311,267,667 | 325,794,653 | 450,715,490 | 458,557,358 |
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Subtract: |
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Allowance for borrowed funds used during construction | 538,624 | 1,661,732 | 2,232,715 | 4,486,530 | 3,989,406 |
Other capitalized interest | --- | --- | --- | 920,303 | 902,022 |
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Total Earnings | 297,188,330 | 309,605,935 | 323,561,938 | 445,308,657 | 453,665,930 |
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Fixed Charges: |
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Interest on long-term debt | 87,348,025 | 83,094,306 | 79,951,032 | 88,287,021 | 88,677,365 |
Interest on short-term debt and other interest charges | 5,488,788 | 9,359,056 | 12,570,711 | 13,107,379 | 6,444,257 |
Calculated interest on leased property | 3,652,725 | 3,524,823 | 3,435,036 | 2,761,489 | 2,477,870 |
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Total Fixed Charges | $96,489,538 | $95,978,185 | $95,956,779 | $104,155,889 | $97,599,492 |
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Ratio of Earnings to Fixed Charges | 3.08 | 3.23 | 3.37 | 4.28 | 4.65 |