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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues from contracts with customers $ 544.6 $ 578.1
Other revenues 12.6 11.2
Revenues, Total 557.2 589.3
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE 200.6 255.7
OPERATING EXPENSES    
Other operation and maintenance 130.4 115.0
Depreciation and amortization 121.2 107.4
Taxes other than income 28.5 28.1
Operating expenses 280.1 250.5
OPERATING INCOME 76.5 83.1
OTHER INCOME (EXPENSE)    
Allowance for equity funds used during construction 4.5 1.3
Other net periodic benefit income (expense) 1.5 (9.4)
Gain on equity securities 0.0 282.3
Other income 16.9 22.6
Other expense (6.5) (5.2)
Net other income 16.4 291.6
INTEREST EXPENSE    
Interest on long-term debt 48.1 39.4
Allowance for borrowed funds used during construction (2.1) (1.2)
Interest on short-term debt and other interest charges 1.8 1.9
Interest expense 47.8 40.1
INCOME BEFORE TAXES 45.1 334.6
INCOME TAX EXPENSE 6.8 55.1
NET INCOME $ 38.3 $ 279.5
BASIC AVERAGE COMMON SHARES OUTSTANDING 200.2 200.2
DILUTED AVERAGE COMMON SHARES OUTSTANDING 200.8 200.6
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.19 $ 1.40
DILUTED EARNINGS PER AVERAGE COMMON SHARE $ 0.19 $ 1.39
Other comprehensive income, net of tax $ 1.1 $ 7.8
Comprehensive income 39.4 287.3
OG&E [Member]    
Revenues from contracts with customers 544.6 578.1
Other revenues 12.6 11.2
Revenues, Total 557.2 589.3
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE 200.6 255.7
OPERATING EXPENSES    
Other operation and maintenance 131.5 115.5
Depreciation and amortization 121.2 107.4
Taxes other than income 27.1 26.8
Operating expenses 279.8 249.7
OPERATING INCOME 76.8 83.9
OTHER INCOME (EXPENSE)    
Allowance for equity funds used during construction 4.5 1.3
Other net periodic benefit income (expense) 1.6 (1.4)
Other income 10.1 1.2
Other expense (0.9) (0.4)
Net other income 15.3 0.7
INTEREST EXPENSE    
Interest on long-term debt 46.5 38.5
Allowance for borrowed funds used during construction (2.1) (1.2)
Interest on short-term debt and other interest charges 1.3 0.9
Interest expense 45.7 38.2
INCOME BEFORE TAXES 46.4 46.4
INCOME TAX EXPENSE 6.6 7.4
NET INCOME 39.8 39.0
Other comprehensive income, net of tax 0.0 0.0
Comprehensive income $ 39.8 $ 39.0