Attached files
| file | filename |
|---|---|
| 8-K - OG&E 8-K - OKLAHOMA GAS & ELECTRIC CO | oge8-kx12x11x14.htm |
| EX-5.01 - EXHIBIT 5.01 - OKLAHOMA GAS & ELECTRIC CO | exhibit501-12x11x14.htm |
| EX-4.01 - EXHIBIT 4.01 - OKLAHOMA GAS & ELECTRIC CO | exhibit401-12x11x14.htm |
Exhibit 12.01
Oklahoma Gas and Electric
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 | $ | 350.2 | $ | 406.1 | $ | 374.9 | $ | 381.2 | $ | 326.7 | $ | 290.4 | |||||||
Add: Fixed charges | 110.9 | 136.0 | 129.6 | 123.3 | 110.9 | 104.0 | |||||||||||||
Subtotal | 461.1 | 542.1 | 504.5 | 504.5 | 437.6 | 394.4 | |||||||||||||
Subtract: | |||||||||||||||||||
Allowance for borrowed funds used during construction | 1.7 | 3.4 | 3.5 | 10.4 | 5.5 | 8.3 | |||||||||||||
Total earnings | 459.4 | 538.7 | 501.0 | 494.1 | 432.1 | 386.1 | |||||||||||||
Fixed Charges: | |||||||||||||||||||
Interest on long-term debt | 105.0 | 130.6 | 124.2 | 118.7 | 104.7 | 96.5 | |||||||||||||
Interest on short-term debt and other interest charges | 3.5 | 2.1 | 3.9 | 3.3 | 4.2 | 5.4 | |||||||||||||
Calculated interest on leased property | 2.4 | 3.3 | 1.5 | 1.3 | 2.0 | 2.1 | |||||||||||||
Total fixed charges | $ | 110.9 | $ | 136.0 | $ | 129.6 | $ | 123.3 | $ | 110.9 | $ | 104.0 | |||||||
Ratio of Earnings to Fixed Charges | 4.14 | 3.96 | 3.87 | 4.01 | 3.90 | 3.71 | |||||||||||||