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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues from contracts with customers $ 582.6 $ 544.6
Other revenues 14.2 12.6
Operating revenues 596.8 557.2
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE 232.2 200.6
OPERATING EXPENSES    
Other operation and maintenance 132.4 130.4
Depreciation and amortization 129.2 121.2
Taxes other than income 29.0 28.5
Operating expenses 290.6 280.1
OPERATING INCOME 74.0 76.5
OTHER INCOME (EXPENSE)    
Allowance for equity funds used during construction 4.7 4.5
Other net periodic benefit income 1.7 1.5
Other income 4.5 16.9
Other expense (4.5) (6.5)
Net other income 6.4 16.4
INTEREST EXPENSE    
Interest on long-term debt 52.0 48.1
Allowance for borrowed funds used during construction (3.4) (2.1)
Interest on short-term debt and other interest charges 11.6 1.8
Interest expense 60.2 47.8
INCOME BEFORE TAXES 20.2 45.1
INCOME TAX EXPENSE 1.6 6.8
NET INCOME $ 18.6 $ 38.3
BASIC AVERAGE COMMON SHARES OUTSTANDING 200.4 200.2
DILUTED AVERAGE COMMON SHARES OUTSTANDING 200.6 200.8
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.09 $ 0.19
DILUTED EARNINGS PER AVERAGE COMMON SHARE $ 0.09 $ 0.19
Other comprehensive income, net of tax $ 3.9 $ 1.1
Comprehensive income 22.5 39.4
OG&E [Member]    
Revenues from contracts with customers 582.6 544.6
Other revenues 14.2 12.6
Operating revenues 596.8 557.2
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE 232.2 200.6
OPERATING EXPENSES    
Other operation and maintenance 132.4 131.5
Depreciation and amortization 129.2 121.2
Taxes other than income 29.0 27.1
Operating expenses 290.6 279.8
OPERATING INCOME 74.0 76.8
OTHER INCOME (EXPENSE)    
Allowance for equity funds used during construction 4.7 4.5
Other net periodic benefit income 1.8 1.6
Other income 2.0 10.1
Other expense (1.9) (0.9)
Net other income 6.6 15.3
INTEREST EXPENSE    
Interest on long-term debt 51.1 46.5
Allowance for borrowed funds used during construction (3.4) (2.1)
Interest on short-term debt and other interest charges 3.7 1.3
Interest expense 51.4 45.7
INCOME BEFORE TAXES 29.2 46.4
INCOME TAX EXPENSE 4.0 6.6
NET INCOME 25.2 39.8
Other comprehensive income, net of tax 0.0 0.0
Comprehensive income $ 25.2 $ 39.8