Exhibit 12.01
OKLAHOMA GAS AND ELECTRIC COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
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| Year Ended |
| Year Ended |
| Year Ended |
| Year Ended |
| Year Ended |
| Three |
| Twelve |
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| Dec 31, |
| Dec 31, |
| Dec 31, |
| Dec 31, |
| Dec 31, |
| March 31, |
| March 31, |
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(In millions) |
| 2006 |
| 2007 |
| 2008 |
| 2009 |
| 2010 |
| 2011 |
| 2011 |
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Earnings: |
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Pre-tax income |
| $ | 234.1 |
| $ | 234.9 |
| $ | 195.4 |
| $ | 290.4 |
| $ | 326.7 |
| $ | 8.8 |
| $ | 323.6 |
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Add Fixed Charges |
| 67.0 |
| 61.1 |
| 85.2 |
| 104.0 |
| 110.9 |
| 28.8 |
| 113.9 |
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Subtotal |
| 301.1 |
| 296.0 |
| 280.6 |
| 394.4 |
| 437.6 |
| 37.6 |
| 437.5 |
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Subtract: |
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Allowance for borrowed funds used during construction |
| 4.5 |
| 4.0 |
| 4.0 |
| 8.3 |
| 5.5 |
| 2.3 |
| 6.6 |
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Total Earnings |
| 296.6 |
| 292.0 |
| 276.6 |
| 386.1 |
| 432.1 |
| 35.3 |
| 430.9 |
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Fixed Charges: |
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Interest on long-term debt |
| 50.3 |
| 50.9 |
| 67.3 |
| 96.5 |
| 104.7 |
| 27.8 |
| 108.4 |
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Interest on short-term debt and other interest charges |
| 14.3 |
| 8.0 |
| 15.8 |
| 5.4 |
| 4.2 |
| 0.6 |
| 3.5 |
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Calculated interest on leased property |
| 2.4 |
| 2.2 |
| 2.1 |
| 2.1 |
| 2.0 |
| 0.4 |
| 2.0 |
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Total Fixed Charges |
| $ | 67.0 |
| $ | 61.1 |
| $ | 85.2 |
| $ | 104.0 |
| $ | 110.9 |
| $ | 28.8 |
| $ | 113.9 |
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Ratio of Earnings to Fixed Charges |
| 4.43 |
| 4.78 |
| 3.25 |
| 3.71 |
| 3.90 |
| 1.23 |
| 3.78 |
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