Attached files
| file | filename |
|---|---|
| 8-K - OGE ENERGY CORP. 8-K - OGE ENERGY CORP. | ogeenergy8-k11x24x14.htm |
| EX-4.01 - EXHIBIT 4.01 - OGE ENERGY CORP. | exhibit401-11x24x14.htm |
| EX-5.01 - EXHIBIT 5.01 - OGE ENERGY CORP. | exhibit501-11x24x14.htm |
Exhibit 12.01
OGE Energy Corp.
Ratio of Earnings to Fixed Charges
Nine Months Ended September 30, | Year ended December 31, | ||||||||||||||||||
(In millions) | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||
Earnings: | |||||||||||||||||||
Pre-tax income | $ | 474.7 | $ | 524.1 | $ | 520.1 | $ | 524.3 | $ | 461.4 | $ | 382.2 | |||||||
Add: Fixed charges | 116.7 | 157.2 | 174.4 | 161.8 | 150.1 | 154.5 | |||||||||||||
Subtotal | 591.4 | 681.3 | 694.5 | 686.1 | 611.5 | 536.7 | |||||||||||||
Subtract: | |||||||||||||||||||
Allowance for borrowed funds used during construction | 1.7 | 3.4 | 3.5 | 10.4 | 5.5 | 8.3 | |||||||||||||
Other capitalized interest | — | 2.0 | 4.5 | 8.7 | 2.5 | 6.3 | |||||||||||||
Total earnings | 589.7 | 675.9 | 686.5 | 667.0 | 603.5 | 522.1 | |||||||||||||
Fixed Charges: | |||||||||||||||||||
Interest on long-term debt | 109.2 | 147.6 | 163.4 | 154.8 | 141.8 | 143.6 | |||||||||||||
Interest on short-term debt and other interest charges | 5.1 | 5.3 | 8.7 | 5.2 | 5.9 | 8.4 | |||||||||||||
Calculated interest on leased property | 2.5 | 4.3 | 2.3 | 1.8 | 2.4 | 2.5 | |||||||||||||
Total fixed charges | $ | 116.8 | $ | 157.2 | $ | 174.4 | $ | 161.8 | $ | 150.1 | $ | 154.5 | |||||||
Ratio of Earnings to Fixed Charges | 5.05 | 4.30 | 3.94 | 4.12 | 4.02 | 3.38 | |||||||||||||