Attached files
| file | filename |
|---|---|
| EX-5.01 - EX-5.01 - OKLAHOMA GAS & ELECTRIC CO | a17-8483_4ex5d01.htm |
| EX-4.01 - EX-4.01 - OKLAHOMA GAS & ELECTRIC CO | a17-8483_4ex4d01.htm |
| 8-K - 8-K - OKLAHOMA GAS & ELECTRIC CO | a17-8483_48k.htm |
Exhibit 12.01
Oklahoma Gas and Electric Company
Ratio of Earnings to Fixed Charges
|
Year ended December 31 (In millions) |
|
2016 |
|
2015 |
|
2014 |
|
2013 |
|
2012 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Pre-tax income |
|
$ |
398.5 |
|
$ |
373.7 |
|
$ |
403.6 |
|
$ |
406.1 |
|
$ |
374.9 |
|
|
Add: Fixed charges |
|
147.9 |
|
153.9 |
|
146.9 |
|
136.0 |
|
129.6 |
| |||||
|
Subtotal |
|
546.4 |
|
527.6 |
|
550.5 |
|
542.1 |
|
504.5 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Subtract: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Allowance for borrowed funds used during construction |
|
7.5 |
|
4.2 |
|
2.4 |
|
3.4 |
|
3.5 |
| |||||
|
Total earnings |
|
538.9 |
|
523.4 |
|
548.1 |
|
538.7 |
|
501.0 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Interest on long-term debt |
|
141.7 |
|
146.8 |
|
139.7 |
|
130.6 |
|
124.2 |
| |||||
|
Interest on short-term debt and other interest charges |
|
3.9 |
|
4.1 |
|
4.2 |
|
2.1 |
|
3.9 |
| |||||
|
Calculated interest on leased property |
|
2.3 |
|
3.0 |
|
3.0 |
|
3.3 |
|
1.5 |
| |||||
|
Total fixed charges |
|
$ |
147.9 |
|
$ |
153.9 |
|
$ |
146.9 |
|
$ |
136.0 |
|
$ |
129.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Ratio of Earnings to Fixed Charges |
|
3.64 |
|
3.40 |
|
3.73 |
|
3.96 |
|
3.87 |
| |||||