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| Exhibit 12.01 | |||
Oklahoma Gas and Electric Company | ||||||||||
Ratio of Earnings to Fixed Charges | ||||||||||
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| Year Ended Dec 31, 2003 | Year Ended Dec 31, 2004 | Year Ended Dec 31, 2005 | Year Ended Dec 31, 2006 | Year Ended Dec 31, 2007 | Six Months Ended June 30, 2008 | Twelve Months Ended June 30, 2008 | |||
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Earnings: |
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Pre-tax income | $175,604,686 | $160,634,550 | $182,280,019 | $234,092,939 | $234,861,907 | $25,382,910 | $206,883,852 | |||
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Add Fixed Charges | 42,582,265 | 42,234,286 | 52,379,698 | 66,973,329 | 61,064,499 | 39,163,208 | 67,198,619 | |||
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Subtotal | 218,186,951 | 202,868,836 | 234,659,717 | 301,066,268 | 295,926,406 | 64,546,118 | 274,082,471 | |||
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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 | 1,609,666 | 4,217,374 | |||
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Total Earnings | 217,648,327 | 201,207,104 | 232,427,002 | 296,579,738 | 291,937,000 | 62,936,452 | 269,865,097 | |||
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Fixed Charges: |
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Interest on long-term debt | 36,899,911 | 36,890,073 | 42,117,662 | 50,300,510 | 50,860,392 | 29,936,470 | 55,332,436 | |||
Interest on short-term debt and other interest charges | 2,443,702 | 2,246,574 | 7,314,465 | 14,300,066 | 8,047,086 | 8,200,808 | 9,779,974 | |||
Calculated interest on leased property | 3,238,652 | 3,097,639 | 2,947,571 | 2,372,753 | 2,157,021 | 1,025,930 | 2,086,209 | |||
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Total Fixed Charges | $42,582,265 | $42,234,286 | $52,379,698 | $66,973,329 | $61,064,499 | $39,163,208 | $67,198,619 | |||
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Ratio of Earnings to Fixed Charges | 5.11 | 4.76 | 4.44 | 4.43 | 4.78 | 1.61 | 4.02 | |||