XML 105 R88.htm IDEA: XBRL DOCUMENT v3.25.0.1
Credit Facilities and Short-Term Debt - Schedule of Line of Credit Facilities (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
Line of Credit Facility [Line Items]  
Aggregate Commitment $ 1,160.0
Line of Credit Outstanding, Amount $ 469.7 [1]
Weighted - Average Interest Rate 4.84%
OGE Energy [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Current Borrowing Capacity $ 550.0 [2]
Line of Credit Outstanding, Amount $ 469.3 [1],[2]
Weighted - Average Interest Rate 4.84% [2],[3]
Maturity Dec. 18, 2029 [2],[4]
OGE Energy [Member] | Term Loan [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Current Borrowing Capacity $ 60.0 [5]
Line of Credit Outstanding, Amount $ 0.0 [1],[5]
Weighted - Average Interest Rate 0.00% [3],[5]
Maturity May 24, 2027 [5]
OG&E [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Current Borrowing Capacity $ 550.0 [6],[7]
Letters of Credit Outstanding, Amount $ 0.4 [1],[6],[7]
Weighted - Average Interest Rate 1.20% [3],[6],[7]
Maturity Dec. 18, 2029 [4],[6],[7]
[1] Includes direct borrowings under the revolving credit agreements, commercial paper borrowings and letters of credit at December 31, 2024
[2] This bank facility is available to back up OGE Energy's commercial paper borrowings and to provide revolving credit borrowings. This bank facility can also be used as a letter of credit facility.
[3] Represents the weighted-average interest rate for the outstanding borrowings under the revolving credit agreements, commercial paper borrowings and letters of credit.
[4] In December 2022, the Registrants entered into an amendment to their credit facility that gave each of the Registrants the option of extending such commitments for up to two additional one-year periods. On December 18, 2024, the Registrants utilized the second extension option for an additional one-year period extending the term until December 2029.
[5] OGE Energy has a $120.0 million floating rate unsecured three-year credit agreement, of which $60.0 million is considered a revolving loan, which is included in the table above, and $60.0 million is considered a term loan. The credit agreement, under certain circumstances, may be increased to a maximum commitment limit of $155.0 million and includes a maximum leverage ratio of 0.70 to 1.0. The other covenants under this credit agreement are substantially the same as OGE Energy's existing $550.0 million revolving credit agreement.
[6] OG&E has an intercompany borrowing agreement with OGE Energy whereby OG&E has access to up to $450.0 million of OGE Energy's revolving credit amount. This agreement has a termination date of December 18, 2029. At December 31, 2024, there was $0.2 million intercompany borrowings under this agreement.
[7] This bank facility is available to back up OG&E's commercial paper borrowings and to provide revolving credit borrowings. This bank facility can also be used as a letter of credit facility.