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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 416.8 $ 665.7 $ 737.3
Adjustments to reconcile net income to net cash provided from (used in) operating activities:      
Depreciation and amortization 506.6 460.9 416.0
Deferred income taxes and other tax credits, net 11.6 (154.0) 125.9
(Gain) loss on investment in equity securities (Note 1) 0.0 (282.1) 8.6
Gain on Enable/Energy Transfer transaction (Note 1) 0.0 0.0 (353.0)
Equity in earnings of unconsolidated affiliates 0.0 0.0 (169.8)
Distributions from unconsolidated affiliates 0.0 0.0 73.4
Allowance for equity funds used during construction (19.4) (6.9) (6.7)
Stock-based compensation expense 13.1 9.7 9.8
Regulatory assets (92.1) 702.2 (874.9)
Regulatory liabilities (12.2) (9.1) 12.2
Other assets 0.0 18.9 (9.8)
Other liabilities 5.0 (6.6) (8.1)
Change in certain current assets and liabilities:      
Accounts receivable and accrued unbilled revenues, net 42.8 (97.0) (1.9)
Income taxes receivable 2.5 (18.1) 5.5
Fuel, materials and supplies inventories (122.8) (130.1) (3.4)
Fuel recoveries 535.4 (363.0) (180.5)
Other current assets 44.6 (30.2) (22.7)
Accounts payable (136.3) 155.4 7.5
Other current liabilities 36.7 36.7 4.7
Net cash provided from (used in) operating activities 1,232.3 952.4 (229.9)
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (less allowance for equity funds used during construction) (1,178.2) (1,050.9) (778.5)
Proceeds from Sale of Equity Securities, FV-NI 0.0 1,067.2 0.0
Cash received in Enable/Energy Transfer transaction (Note 1) 0.0 0.0 35.0
Cost of removal and other (93.9) (112.7) (89.0)
Net cash used in investing activities (1,272.1) (96.4) (832.5)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from long-term debt 788.3 49.3 997.8
Payment of long-term debt (1,000.1) (0.1) (0.1)
Increase (decrease) in short-term debt 499.2 (486.9) 391.9
Dividends paid on common stock (333.2) (329.3) (324.9)
Cash paid for employee equity-based compensation and expense of common stock (2.3) (0.9) (3.4)
Net cash (used in) provided from financing activities (48.1) (767.9) 1,061.3
NET CHANGE IN CASH AND CASH EQUIVALENTS (87.9) 88.1 (1.1)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 88.1 0.0 1.1
CASH AND CASH EQUIVALENTS AT END OF YEAR 0.2 88.1 0.0
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest (net of interest capitalized) 202.4 164.0 156.4
Income taxes (net of income tax refunds) 41.5 276.0 8.7
NON-CASH INVESTING AND FINANCING ACTIVITIES      
Power plant long-term service agreement 0.7 0.8 2.4
Noncash or Part Noncash Acquisition, Investments Acquired 0.0 0.0 793.7
OG&E [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 426.4 439.5 360.0
Adjustments to reconcile net income to net cash provided from (used in) operating activities:      
Depreciation and amortization 506.6 460.9 416.0
Deferred income taxes and other tax credits, net 15.4 220.5 44.6
Allowance for equity funds used during construction (19.4) (6.9) (6.7)
Stock-based compensation expense 3.1 2.9 2.2
Regulatory assets (92.1) 702.2 (874.9)
Regulatory liabilities (12.2) (9.1) 12.2
Other assets 4.7 0.0 (2.2)
Other liabilities 0.3 (5.6) (11.2)
Change in certain current assets and liabilities:      
Accounts receivable and accrued unbilled revenues, net 42.1 (96.6) (3.0)
Fuel, materials and supplies inventories (122.8) (130.1) (3.4)
Fuel recoveries 535.4 (363.0) (180.5)
Other current assets 51.1 (30.1) (21.4)
Accounts payable (131.1) 135.8 (11.0)
Income taxes payable - parent 9.4 8.0 0.7
Other current liabilities 34.6 19.3 3.3
Net cash provided from (used in) operating activities 1,251.5 1,347.7 (275.3)
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (less allowance for equity funds used during construction) (1,178.2) (1,050.9) (778.5)
Cost of removal (91.0) (109.3) (83.4)
Net cash used in investing activities (1,269.2) (1,160.2) (861.9)
CASH FLOWS FROM FINANCING ACTIVITIES      
Changes In advances with parent 229.2 (187.4) 372.5
Capital contribution from OGE Energy 0.0 0.0 530.0
Proceeds from long-term debt 788.8 0.0 499.8
Payment of long-term debt (500.1) (0.1) (0.1)
Dividends paid on common stock (500.0) 0.0 (265.0)
Net cash (used in) provided from financing activities 17.9 (187.5) 1,137.2
NET CHANGE IN CASH AND CASH EQUIVALENTS 0.2 0.0 0.0
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 0.0 0.0 0.0
CASH AND CASH EQUIVALENTS AT END OF YEAR 0.2 0.0 0.0
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest (net of interest capitalized) 180.7 154.6 148.9
Income taxes (net of income tax refunds) 44.2 (152.6) (3.2)
NON-CASH INVESTING AND FINANCING ACTIVITIES      
Power plant long-term service agreement $ 0.7 $ 0.8 $ 2.4