Exhibit 12.01

OGE ENERGY CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended	Year Ended	Year Ended	Year Ended	Year Ended
	Dec 31, 2003	Dec 31, 2004	Dec 31, 2005	Dec 31, 2006	Dec 31, 2007
Earnings:
Pre-tax income from continuing operations	$201,237,416	$215,289,482	$229,837,874	$346,559,601	$360,957,866
Add Fixed Charges	96,489,538	95,978,185	95,956,779	104,155,889	97,599,492
Subtotal	297,726,954	311,267,667	325,794,653	450,715,490	458,557,358
Subtract:
Allowance for borrowed funds used during construction	538,624	1,661,732	2,232,715	4,486,530	3,989,406
Other capitalized interest	---	---	---	920,303	902,022
Total Earnings	297,188,330	309,605,935	323,561,938	445,308,657	453,665,930
Fixed Charges:
Interest on long-term debt	87,348,025	83,094,306	79,951,032	88,287,021	88,677,365
Interest on short-term debt and other interest charges	5,488,788	9,359,056	12,570,711	13,107,379	6,444,257
Calculated interest on leased property	3,652,725	3,524,823	3,435,036	2,761,489	2,477,870
Total Fixed Charges	$96,489,538	$95,978,185	$95,956,779	$104,155,889	$97,599,492
Ratio of Earnings to Fixed Charges	3.08	3.23	3.37	4.28	4.65