Leases (Tables)

3 Months Ended

Mar. 31, 2019

The following table presents amounts recognized for operating leases in the Company's Condensed Consolidated Financial Statements and supplemental information related to those amounts recognized.



Three Months Ended March 31 (Dollars in millions)	2019
LEASE COST
Operating lease cost	$	1.4

OTHER INFORMATION
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3.2
Right-of-use assets obtained in exchange for new operating lease liabilities	$	10.7
Right-of-use assets at period end (A)	$	44.1
Operating lease liabilities at period end (B)	$	48.8
Operating lease weighted-average remaining lease term (in years)	13.5
Operating lease weighted-average discount rate	3.8		%

(A) Included in Property, Plant and Equipment in the 2019 Condensed Consolidated Balance Sheet.

(B) Included in Other Deferred Credits and Other Liabilities in the 2019 Condensed Consolidated Balance Sheet.

Operating Lease Payments Due [Table Text Block]

The following table presents a maturity analysis of the Company's operating lease liabilities.



Three Months Ended March 31, 2019 (In millions)	Operating Lease Payments
2019 (excluding three months ended March 31)	$	2.5
2020	6.2
2021	5.9
2022	5.2
2023	5.1
Thereafter	37.8
Total lease payments	62.7
Less: imputed interest	13.9
Total	$	48.8

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

As of December 31, 2018, future minimum payments for noncancellable operating leases were as follows:



Year Ended December 31 (In millions)	2019		2020		2021		2022		2023		Thereafter		Total
Operating lease obligations:
Railcars (A)	$	18.6	$	—	$	—	$	—	$	—	$	—	$	18.6
Wind farm land leases	2.5		2.9		2.9		2.9		2.9		37.6		51.7
Office space lease	1.0		1.0		0.6		—		—		—		2.6
Total operating lease obligations	$	22.1	$	3.9	$	3.5	$	2.9	$	2.9	$	37.6	$	72.9

(A) At the end of the railcar lease term, which was February 1, 2019, OG&E had the option to either purchase the railcars at a stipulated fair market value or renew the lease. OG&E renewed the lease effective February 1, 2019. If OG&E chose not to purchase the railcars or renew the lease agreement and the actual fair value of the railcars was less than the stipulated fair market value, OG&E would have been responsible for the difference in those values up to a maximum of $16.2 million.