OG&E 2012 Annual Report Download - page 87

OGE Energy Corp. 85
The Board of Directors and Stockholders
OGE Energy Corp.
We have audited the accompanying consolidated balance sheets and
statements of capitalization of OGE Energy Corp. as of December 31,
2012 and 2011, and the related consolidated statements of income,
comprehensive income, cash flows and changes in stockholders’ equity
for each of the three years in the period ended December 31, 2012.
These financial statements are the responsibility of the company’s man-
agement. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with the standards of
the Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial state-
ments. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present
fairly, in all material respects, the consolidated financial position of OGE
Energy Corp. at December 31, 2012 and 2011, and the consolidated
results of its operations and its cash flows for each of the three years in
the period ended December 31, 2012, in conformity with U.S. generally
accepted accounting principles.
We also have audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States), OGE
Energy Corp.’s internal control over financial reporting as of December
31, 2012, based on criteria established in Internal Control-Integrated
Framework issued by the Committee of Sponsoring Organizations of
the Treadway Commission and our report dated February 27, 2013
expressed an unqualified opinion thereon.
Ernst & Young LLP
Oklahoma City, Oklahoma
February 27, 2013
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Company maintains a set of disclosure controls and procedures
designed to ensure that information required to be disclosed by the
Company in reports that it files or submits under the Securities Exchange
Act of 1934 is recorded, processed, summarized and reported within
the time periods specified in the Securities and Exchange Commission
rules and forms. In addition, the disclosure controls and procedures
ensure that information required to be disclosed is accumulated and
communicated to management, including the chief executive officer
and chief financial officer, allowing timely decisions regarding required
disclosure. As of the end of the period covered by this report, based
on an evaluation carried out under the supervision and with the partici-
pation of the Company’s management, including the chief executive
officer and chief financial officer, of the effectiveness of the Company’s
disclosure controls and procedures (as such term is defined in Rules
13a-15(e) and 15(d)-15(e) under the Securities Exchange Act of 1934),
the chief executive officer and chief financial officer have concluded
that the Company’s disclosure controls and procedures are effective.
No change in the Company’s internal control over financial reporting
has occurred during the Company’s most recently completed fiscal
quarter that has materially affected, or is reasonably likely to materially
affect, the Company’s internal control over financial reporting (as such
term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities
Exchange Act of 1934).
CONTROLS AND PROCEDURES