XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.21.2

Retirement Plans and Postretirement Benefit Plans | 9 Months Ended
--- | ---
Sep. 30, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] |
Pension and Other Postretirement Benefits Disclosure [Text Block] | Retirement Plans and Postretirement Benefit Plans In accordance with ASC Topic 715, "Compensation - Retirement Benefits," a one-time settlement charge is required to be recorded by an organization when lump sum payments or other settlements that relieve the organization from the responsibility for the pension benefit obligation during the plan year exceed the service cost and interest cost components of the organization's net periodic pension cost. During the nine months ended September 30, 2021, the Registrants experienced an increase in both the number of employees electing to retire and the amount of lump sum payments paid to such employees upon retirement, which resulted in the Registrants recording pension plan settlement charges as presented in the Pension Plan net periodic benefit cost table below. The pension settlement charges did not require a cash outlay by the Registrants and did not increase total pension expense over time, as the charge was an acceleration of costs that otherwise would be recognized as pension expense in future periods. Net Periodic Benefit Cost The following tables present the net periodic benefit cost components, before consideration of capitalized amounts, of OGE Energy's Pension Plan, Restoration of Retirement Income Plan and postretirement benefit plans that are included in the condensed financial statements. Service cost is presented within Other Operation and Maintenance Expense, and the remaining net periodic benefit cost components as listed in the following tables are presented within Other Net Periodic Benefit Expense in the statements of income. OG&E recovers specific amounts of pension and postretirement medical costs in rates approved in its Oklahoma rate reviews. In accordance with approved orders, OG&E defers the difference between actual pension and postretirement medical expenses and the amount approved in its last Oklahoma rate review as a regulatory asset or regulatory liability. These amounts have been recorded in the Pension tracker in the regulatory assets and liabilities table in Note 1 and within Other Net Periodic Benefit Expense in the statements of income.
| Pension Plan |  | Restoration of Retirement Income Plan
| Three Months Ended | Nine Months Ended |  | Three Months Ended | Nine Months Ended
OGE Energy | September 30, | September 30, |  | September 30, | September 30,
(In millions) | 2021 | 2020 | 2021 | 2020 |  | 2021 | 2020 | 2021 | 2020
Service cost | $ | 2.8 |  | $ | 3.3 |  | $ | 8.4 |  | $ | 9.8 |  |  | $ | 0.3 |  | $ | 0.2 |  | $ | 0.6 |  | $ | 0.6 |
Interest cost | 3.1 |  | 4.2 |  | 10.0 |  | 13.4 |  |  | — |  | 0.1 |  | 0.1 |  | 0.2 |
Expected return on plan assets | (8.5) |  | (9.4) |  | (25.6) |  | (28.0) |  |  | — |  | — |  | — |  | — |
Amortization of net loss | 2.3 |  | 4.3 |  | 7.0 |  | 12.7 |  |  | — |  | 0.1 |  | 0.1 |  | 0.4 |
Amortization of unrecognized prior service cost (A) | — |  | — |  | — |  | — |  |  | 0.1 |  | — |  | 0.1 |  | — |
Settlement cost | 3.7 |  | 12.1 |  | 35.4 |  | 12.1 |  |  | 1.7 |  | 0.4 |  | 2.1 |  | 0.7 |
Total net periodic benefit cost | 3.4 |  | 14.5 |  | 35.2 |  | 20.0 |  |  | 2.1 |  | 0.8 |  | 3.0 |  | 1.9 |
Less: Amount paid by unconsolidated affiliates (B) | (0.1) |  | 0.5 |  | (0.2) |  | 1.6 |  |  | — |  | 0.1 |  | — |  | 0.1 |
Net periodic benefit cost | $ | 3.5 |  | $ | 14.0 |  | $ | 35.4 |  | $ | 18.4 |  |  | $ | 2.1 |  | $ | 0.7 |  | $ | 3.0 |  | $ | 1.8 |
| Pension Plan |  | Restoration of Retirement Income Plan
| Three Months Ended | Nine Months Ended |  | Three Months Ended | Nine Months Ended
OG&E | September 30, | September 30, |  | September 30, | September 30,
(In millions) | 2021 | 2020 | 2021 | 2020 |  | 2021 | 2020 | 2021 | 2020
Service cost | $ | 2.0 |  | $ | 2.3 |  | $ | 5.8 |  | $ | 6.8 |  |  | $ | — |  | $ | — |  | $ | — |  | $ | 0.1 |
Interest cost | 2.3 |  | 3.2 |  | 7.3 |  | 10.0 |  |  | — |  | — |  | — |  | 0.1 |
Expected return on plan assets | (6.2) |  | (7.0) |  | (18.5) |  | (20.9) |  |  | — |  | — |  | — |  | — |
Amortization of net loss | 1.7 |  | 3.0 |  | 5.2 |  | 9.0 |  |  | — |  | 0.1 |  | 0.1 |  | 0.3 |
Settlement cost | 2.6 |  | 10.3 |  | 29.2 |  | 10.3 |  |  | 1.3 |  | 0.5 |  | 1.6 |  | 0.5 |
Total net periodic benefit cost | 2.4 |  | 11.8 |  | 29.0 |  | 15.2 |  |  | 1.3 |  | 0.6 |  | 1.7 |  | 1.0 |
Plus: Amount allocated from OGE Energy (B) | 0.7 |  | 1.5 |  | 5.3 |  | 2.5 |  |  | 0.8 |  | 0.2 |  | 1.3 |  | 0.8 |
Net periodic benefit cost | $ | 3.1 |  | $ | 13.3 |  | $ | 34.3 |  | $ | 17.7 |  |  | $ | 2.1 |  | $ | 0.8 |  | $ | 3.0 |  | $ | 1.8 |
(A) Unamortized prior service cost is amortized on a straight-line basis over the average remaining service period to the first eligibility age of participants who are expected to receive a benefit and are active at the date of the plan amendment. (B) "Amount paid by unconsolidated affiliates" is only applicable to OGE Energy. "Amount allocated from OGE Energy" is only applicable to OG&E. In addition to the net periodic benefit cost amounts recognized, as presented in the tables above, for the Pension and Restoration of Retirement Income Plans for the three and nine months ended September 30, 2021 and 2020, the Registrants recognized the following:
| Three Months Ended September 30, | Nine Months Ended September 30,
(In millions) | 2021 | 2020 | 2021 | 2020
Increase of pension expense to maintain allowed recoverable amount in Oklahoma jurisdiction (A) | $ | 3.9 |  | $ | 2.4 |  | $ | 11.1 |  | $ | 5.7 |
Deferral of pension expense related to pension settlement charges: |  |  |  |
Oklahoma jurisdiction (A) | $ | 4.4 |  | $ | 10.8 |  | $ | 33.3 |  | $ | 11.1 |
Arkansas jurisdiction (A) | $ | 0.4 |  | $ | 1.0 |  | $ | 3.1 |  | $ | 1.0 |
(A) Included in the pension regulatory asset or liability in each jurisdiction, as indicated in the regulatory assets and liabilities table in Note 1.
| OGE Energy |  | OG&E
| Postretirement Benefit Plans |  | Postretirement Benefit Plans
| Three Months Ended | Nine Months Ended |  | Three Months Ended | Nine Months Ended
| September 30, | September 30, |  | September 30, | September 30,
(In millions) | 2021 | 2020 | 2021 | 2020 |  | 2021 | 2020 | 2021 | 2020
Service cost | $ | 0.1 |  | $ | 0.1 |  | $ | 0.2 |  | $ | 0.2 |  |  | $ | — |  | $ | — |  | $ | 0.1 |  | $ | 0.1 |
Interest cost | 0.9 |  | 1.0 |  | 2.6 |  | 3.1 |  |  | 0.6 |  | 0.8 |  | 1.9 |  | 2.4 |
Expected return on plan assets | (0.4) |  | (0.5) |  | (1.4) |  | (1.4) |  |  | (0.4) |  | (0.4) |  | (1.3) |  | (1.2) |
Amortization of net loss | 0.7 |  | 0.5 |  | 2.1 |  | 1.5 |  |  | 0.6 |  | 0.5 |  | 2.0 |  | 1.6 |
Amortization of unrecognized prior service cost (A) | (1.8) |  | (2.1) |  | (5.2) |  | (6.3) |  |  | (1.2) |  | (1.5) |  | (3.7) |  | (4.6) |
Total net periodic benefit cost | (0.5) |  | (1.0) |  | (1.7) |  | (2.9) |  |  | (0.4) |  | (0.6) |  | (1.0) |  | (1.7) |
Less: Amount paid by unconsolidated affiliates (B) | (0.1) |  | (0.2) |  | (0.4) |  | (0.6) |  |  |  |  |  |
Plus: Amount allocated from OGE Energy (B) |  |  |  |  |  | (0.1) |  | (0.2) |  | (0.3) |  | (0.6) |
Net periodic benefit cost | $ | (0.4) |  | $ | (0.8) |  | $ | (1.3) |  | $ | (2.3) |  |  | $ | (0.5) |  | $ | (0.8) |  | $ | (1.3) |  | $ | (2.3) |
(A)Unamortized prior service cost is amortized on a straight-line basis over the average remaining service period to the first eligibility age of participants who are expected to receive a benefit and are active at the date of the plan amendment. (B)"Amount paid by unconsolidated affiliates" is only applicable to OGE Energy. "Amount allocated from OGE Energy" is only applicable to OG&E. In addition to the net periodic benefit income amounts recognized, as presented in the table above, for the postretirement benefit plans for the three and nine months ended September 30, 2021 and 2020, the Registrants recognized the following:
| Three Months Ended September 30, | Nine Months Ended September 30,
(In millions) | 2021 | 2020 | 2021 | 2020
Increase of postretirement expense to maintain allowed recoverable amount in Oklahoma jurisdiction (A) | $ | 0.1 |  | $ | 0.4 |  | $ | 0.3 |  | $ | 1.2 |
(A) Included in the Pension tracker, as presented in the regulatory assets and liabilities table in Note 1.
| OGE Energy |  | OG&E
| Three Months Ended | Nine Months Ended |  | Three Months Ended | Nine Months Ended
| September 30, | September 30, |  | September 30, | September 30,
(In millions) | 2021 | 2020 | 2021 | 2020 |  | 2021 | 2020 | 2021 | 2020
Capitalized portion of net periodic pension benefit cost | $ | 0.9 |  | $ | 0.9 |  | $ | 2.5 |  | $ | 2.7 |  |  | $ | 0.7 |  | $ | 0.8 |  | $ | 2.1 |  | $ | 2.3 |
Capitalized portion of net periodic postretirement benefit cost | $ | 0.1 |  | $ | — |  | $ | 0.2 |  | $ | 0.1 |  |  | $ | — |  | $ | — |  | $ | 0.1 |  | $ | 0.1 |
Pension Plan Funding In January 2021, OGE Energy made a $40.0 million contribution to its Pension Plan, of which $30.0 million was attributed to OG&E. No additional contributions are expected in 2021.

X
- References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section S99 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (o) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (p) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (q) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(1) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(2) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration