OG&E 2009 Annual Report Download - page 123
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Exhibit 12.01
OKLAHOMA GAS AND ELECTRIC COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
Year Ended Year Ended Year Ended Year Ended Year Ended
Dec 31, Dec 31, Dec 31, Dec 31, Dec 31,
(In thousands) 2005 2006 2007 2008 2009
Earnings:
Pre-tax income $182,280 $ 234,093 $ 234,862 $ 195,410 $ 290,390
Add Fixed Charges 52,380 66,974 61,064 85,151 103,953
Subtotal 234,660 301,067 295,926 280,561 394,343
Subtract:
Allowance for borrowed funds used during construction 2,233 4,487 3,989 3,950 8,284
Total Earnings 232,427 296,580 291,937 276,611 386,059
Fixed Charges:
Interest on long-term debt 42,118 50,301 50,860 67,274 96,464
Interest on short-term debt and other interest charges 7,314 14,300 8,047 15,774 5,434
Calculated interest on leased property 2,948 2,373 2,157 2,103 2,055
Total Fixed Charges $ 52,380 $ 66,974 $ 61,064 $ 85,151 $ 103,953
Ratio of Earnings to Fixed Charges 4.44 4.43 4.78 3.25 3.71