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added, affordable, ALJ, blend, CBP, contested, decree, exit, gridSMART, interagency, Justice, labor, lending, lift, manner, memorandum, modification, MOU, NBV, NSR, Obama, PFD, proportion, prospective, prospectively, referenced, reopened, RFP, sector, strongly, Taxpayer, undertook, unregulated, uprate, VI, weak, week, Windfall
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Filing tables
Filing exhibits
- 10-Q Quarterly report
- 4 Term Credit Agreement
- 10 Modification to Consent Decree
- 12 Computation of Ratios - Aep
- 12 Computation of Ratios - Apco
- 12 Computation of Ratios - I&m
- 12 Computation of Ratios - Opco
- 12 Computation of Ratios - Pso
- 12 Computation of Ratios - Swepco
- 31 302 Certification of CEO - Aep
- 31 302 Certification of CEO - Apco
- 31 302 Certification of CEO - I&m
- 31 302 Certification of CEO - Opco
- 31 302 Certification of CEO - Pso
- 31 302 Certification of CEO - Swepco
- 31 302 Certification of CFO - Aep
- 31 302 Certification of CFO - Apco
- 31 302 Certification of CFO - I&m
- 31 302 Certification of CFO - Opco
- 31 302 Certification of CFO - Pso
- 31 302 Certification of CFO - Swepco
- 32 1350 Certification of CEO - Aep
- 32 1350 Certification of CEO - Apco
- 32 1350 Certification of CEO - I&m
- 32 1350 Certification of CEO - Opco
- 32 1350 Certification of CEO - Pso
- 32 1350 Certification of CEO - Swepco
- 32 1350 Certification of CFO - Aep
- 32 1350 Certification of CFO - Apco
- 32 1350 Certification of CFO - I&m
- 32 1350 Certification of CFO - Opco
- 32 1350 Certification of CFO - Pso
- 32 1350 Certification of CFO - Swepco
- 95 Mine Safety Disclosure
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EXHIBIT 12
PUBLIC SERVICE COMPANY OF OKLAHOMA
Computation of Ratios of Earnings to Fixed Charges
(in thousands except ratio data)
Twelve | Six | |||||||||||||||||||||
Months | Months | |||||||||||||||||||||
Years Ended December 31, | Ended | Ended | ||||||||||||||||||||
2008 | 2009 | 2010 | 2011 | 2012 | 6/30/2013 | 6/30/2013 | ||||||||||||||||
EARNINGS | ||||||||||||||||||||||
Income (Loss) Before Income Taxes | $ | 120,761 | $ | 119,523 | $ | 122,887 | $ | 192,257 | $ | 180,835 | $ | 172,145 | $ | 68,686 | ||||||||
Fixed Charges (as below) | 81,584 | 62,235 | 65,834 | 58,822 | 58,984 | 57,630 | 28,918 | |||||||||||||||
Total Earnings | $ | 202,345 | $ | 181,758 | $ | 188,721 | $ | 251,079 | $ | 239,819 | $ | 229,775 | $ | 97,604 | ||||||||
FIXED CHARGES | ||||||||||||||||||||||
Interest Expense | $ | 76,910 | $ | 59,093 | $ | 63,362 | $ | 54,700 | $ | 55,286 | $ | 53,408 | $ | 26,599 | ||||||||
Credit for Allowance for Borrowed Funds Used During Construction | 2,174 | 1,142 | 572 | 822 | 1,098 | 1,622 | 1,019 | |||||||||||||||
Estimated Interest Element in Lease Rentals | 2,500 | 2,000 | 1,900 | 3,300 | 2,600 | 2,600 | 1,300 | |||||||||||||||
Total Fixed Charges | $ | 81,584 | $ | 62,235 | $ | 65,834 | $ | 58,822 | $ | 58,984 | $ | 57,630 | $ | 28,918 | ||||||||
Ratio of Earnings to Fixed Charges | 2.48 | 2.92 | 2.86 | 4.26 | 4.06 | 3.98 | 3.37 |