Exhibit 12.01
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Oklahoma Gas and Electric Company |
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Ratio of Earnings to Fixed Charges |
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Actual |
| Pro Forma |
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| Year Ended |
| Year Ended |
| Year Ended |
| Year Ended |
| Year Ended |
| Nine Months Ended |
| Twelve Months Ended |
| Year Ended |
| Nine Months Ended |
| Twelve Months Ended |
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| Dec 31, 2003 |
| Dec 31, 2004 |
| Dec 31, 2005 |
| Dec 31, 2006 |
| Dec 31, 2007 |
| September 30, 2008 |
| September 30, 2008 |
| Dec 31, 2007 |
| September 30, 2008 |
| September 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 |
| $ | 176,317,732 |
| $ | 196,128,047 |
| $ | 231,657,216 |
| $ | 166,352,185 |
| $ | 186,162,500 |
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Add Fixed Charges |
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| 42,582,265 |
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| 42,234,286 |
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| 52,379,698 |
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| 66,973,329 |
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| 61,064,499 |
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| 59,150,051 |
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| 70,443,041 |
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| 64,269,190 |
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| 69,115,598 |
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| 80,408,588 |
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Subtotal |
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| 218,186,951 |
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| 202,868,836 |
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| 234,659,717 |
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| 301,066,268 |
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| 295,926,406 |
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| 235,467,783 |
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| 266,571,088 |
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| 295,926,406 |
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| 235,467,783 |
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| 266,571,088 |
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Subtract: |
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Allowance for borrowed funds used during construction |
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| 538,624 |
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| 1,661,732 |
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| 2,232,715 |
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| 4,486,530 |
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| 3,989,406 |
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| 2,392,310 |
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| 4,006,703 |
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| 3,989,406 |
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| 2,392,310 |
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| 4,006,703 |
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Total Earnings |
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| 217,648,327 |
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| 201,207,104 |
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| 232,427,002 |
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| 296,579,738 |
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| 291,937,000 |
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| 233,075,473 |
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| 262,564,385 |
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| 291,937,000 |
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| 233,075,473 |
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| 262,564,385 |
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Fixed Charges: |
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Interest on long-term debt |
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| 36,899,911 |
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| 36,890,073 |
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| 42,117,662 |
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| 50,300,510 |
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| 50,860,392 |
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| 46,527,934 |
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| 59,182,713 |
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| 54,065,083 |
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| 56,493,481 |
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| 69,148,260 |
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Interest on short-term debt and other interest charges |
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| 2,443,702 |
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| 2,246,574 |
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| 7,314,465 |
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| 14,300,066 |
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| 8,047,086 |
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| 11,091,982 |
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| 9,205,669 |
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| 8,047,086 |
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| 11,091,982 |
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| 9,205,669 |
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Calculated interest on leased property |
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| 3,238,652 |
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| 3,097,639 |
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| 2,947,571 |
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| 2,372,753 |
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| 2,157,021 |
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| 1,530,135 |
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| 2,054,659 |
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| 2,157,021 |
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| 1,530,135 |
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| 2,054,659 |
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Total Fixed Charges |
| $ | 42,582,265 |
| $ | 42,234,286 |
| $ | 52,379,698 |
| $ | 66,973,329 |
| $ | 61,064,499 |
| $ | 59,150,051 |
| $ | 70,443,041 |
| $ | 64,269,190 |
| $ | 69,115,598 |
| $ | 80,408,588 |
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Ratio of Earnings to Fixed Charges |
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| 5.11 |
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| 4.76 |
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| 4.44 |
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| 4.43 |
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| 4.78 |
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| 3.94 |
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| 3.73 |
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| 4.54 |
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| 3.37 |
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| 3.27 |
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