XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.23.1

Report of Business Segments | 3 Months Ended
--- | ---
Mar. 31, 2023
Segment Reporting [Abstract] |
Report of Business Segments | 11. Report of Business Segments OGE Energy reports its operations primarily through a single segment, captioned "electric company," which is engaged in the generation, transmission, distribution and sale of electric energy. The "other operations" caption primarily includes the operations of the holding company and other energy-related investments. Intersegment revenues are recorded at prices comparable to those of unaffiliated customers and are affected by regulatory considerations. During 2022, OGE Energy held an investment in Energy Transfer's equity securities and reported the investment's activity, as well as Enable legacy pension and postretirement costs, through the natural gas midstream operations segment. As of the end of September 2022, OGE Energy had sold all of Energy Transfer's limited partner units; therefore, beginning in 2023, OGE Energy no longer has a natural gas midstream operations segment. The following tables present the results of OGE Energy's business segments for the three months ended March 31, 2023 and 2022.
Three Months Ended March 31, 2023 |  | Electric Company |  |  | Other Operations |  |  | Eliminations |  |  | Total |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 557.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 557.2 |
Fuel, purchased power and direct transmission expense |  |  | 200.6 |  |  |  | — |  |  |  | — |  |  |  | 200.6 |
Other operation and maintenance |  |  | 131.5 |  |  |  | (1.1 | ) |  |  | — |  |  |  | 130.4 |
Depreciation and amortization |  |  | 121.2 |  |  |  | — |  |  |  | — |  |  |  | 121.2 |
Taxes other than income |  |  | 27.1 |  |  |  | 1.4 |  |  |  | — |  |  |  | 28.5 |
Operating income (loss) |  |  | 76.8 |  |  |  | (0.3 | ) |  |  | — |  |  |  | 76.5 |
Other income (expense) |  |  | 15.3 |  |  |  | 4.5 |  |  |  | (3.4 | ) |  |  | 16.4 |
Interest expense |  |  | 45.7 |  |  |  | 5.5 |  |  |  | (3.4 | ) |  |  | 47.8 |
Income tax expense |  |  | 6.6 |  |  |  | 0.2 |  |  |  | — |  |  |  | 6.8 |
Net income (loss) |  | $ | 39.8 |  |  | $ | (1.5 | ) |  | $ | — |  |  | $ | 38.3 |
Total assets |  | $ | 12,762.7 |  |  | $ | 587.1 |  |  | $ | (559.5 | ) |  | $ | 12,790.3 |
Three Months Ended March 31, 2022 |  | Electric Company |  |  | Natural Gas Midstream Operations |  |  | Other Operations |  |  | Eliminations |  |  | Total |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 589.3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 589.3 |
Fuel, purchased power and direct transmission expense |  |  | 255.7 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 255.7 |
Other operation and maintenance |  |  | 115.5 |  |  |  | 0.7 |  |  |  | (1.2 | ) |  |  | — |  |  |  | 115.0 |
Depreciation and amortization |  |  | 107.4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 107.4 |
Taxes other than income |  |  | 26.8 |  |  |  | — |  |  |  | 1.3 |  |  |  | — |  |  |  | 28.1 |
Operating income (loss) |  |  | 83.9 |  |  |  | (0.7 | ) |  |  | (0.1 | ) |  |  | — |  |  |  | 83.1 |
Gain on equity securities |  |  | — |  |  |  | 282.3 |  |  |  | — |  |  |  | — |  |  |  | 282.3 |
Other income (expense) |  |  | 0.7 |  |  |  | 8.7 |  |  |  | — |  |  |  | (0.1 | ) |  |  | 9.3 |
Interest expense |  |  | 38.2 |  |  |  | — |  |  |  | 2.0 |  |  |  | (0.1 | ) |  |  | 40.1 |
Income tax expense |  |  | 7.4 |  |  |  | 60.2 |  |  |  | (12.5 | ) |  |  | — |  |  |  | 55.1 |
Net income |  | $ | 39.0 |  |  | $ | 230.1 |  |  | $ | 10.4 |  |  | $ | — |  |  | $ | 279.5 |
Total assets |  | $ | 11,898.8 |  |  | $ | 1,068.8 |  |  | $ | 320.9 |  |  | $ | (194.9 | ) |  | $ | 13,093.6 |

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration