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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues from contracts with customers $ 644.1 $ 589.2 $ 1,226.7 $ 1,133.8
Other revenues 18.5 15.8 32.7 28.4
Operating revenues 662.6 605.0 1,259.4 1,162.2
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE 193.9 181.8 426.1 382.4
OPERATING EXPENSES        
Other operation and maintenance 130.4 128.3 262.8 258.7
Depreciation and amortization 135.5 124.1 264.7 245.3
Taxes other than income 26.9 24.4 55.9 52.9
Operating expenses 292.8 276.8 583.4 556.9
OPERATING INCOME 175.9 146.4 249.9 222.9
OTHER INCOME (EXPENSE)        
Allowance for equity funds used during construction 6.6 5.1 11.3 9.6
Other net periodic benefit income 1.6 1.1 3.3 2.6
Other income 8.9 12.7 13.4 29.6
Other expense (6.6) (4.4) (11.1) (10.9)
Net other income 10.5 14.5 16.9 30.9
INTEREST EXPENSE        
Interest on long-term debt 54.9 52.9 106.9 101.0
Allowance for borrowed funds used during construction (3.4) (1.3) (6.8) (3.4)
Interest on short-term debt and other interest charges 13.4 6.1 25.0 7.9
Interest expense 64.9 57.7 125.1 105.5
INCOME BEFORE TAXES 121.5 103.2 141.7 148.3
INCOME TAX EXPENSE 19.2 14.8 20.8 21.6
NET INCOME $ 102.3 $ 88.4 $ 120.9 $ 126.7
BASIC AVERAGE COMMON SHARES OUTSTANDING 200.8 200.3 200.6 200.3
DILUTED AVERAGE COMMON SHARES OUTSTANDING 201.4 200.8 201.0 200.8
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.51 $ 0.44 $ 0.6 $ 0.63
DILUTED EARNINGS PER AVERAGE COMMON SHARE $ 0.51 $ 0.44 $ 0.6 $ 0.63
Other comprehensive income, net of tax $ 0.1 $ 0.5    
Comprehensive income 102.4 88.9 $ 124.9 $ 128.3
OG&E [Member]        
Revenues from contracts with customers 644.1 589.2 1,226.7 1,133.8
Other revenues 18.5 15.8 32.7 28.4
Operating revenues 662.6 605.0 1,259.4 1,162.2
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE 193.9 181.8 426.1 382.4
OPERATING EXPENSES        
Other operation and maintenance 130.2 128.6 262.6 260.1
Depreciation and amortization 135.5 124.1 264.7 245.3
Taxes other than income 26.9 23.5 55.9 50.6
Operating expenses 292.6 276.2 583.2 556.0
OPERATING INCOME 176.1 147.0 250.1 223.8
OTHER INCOME (EXPENSE)        
Allowance for equity funds used during construction 6.6 5.1 11.3 9.6
Other net periodic benefit income 1.8 1.6 3.6 3.2
Other income 3.2 8.3 5.2 18.4
Other expense (1.4) (1.8) (3.3) (2.7)
Net other income 10.2 13.2 16.8 28.5
INTEREST EXPENSE        
Interest on long-term debt 51.3 51.6 102.4 98.1
Allowance for borrowed funds used during construction (3.4) (1.3) (6.8) (3.4)
Interest on short-term debt and other interest charges 7.0 1.8 10.7 3.1
Interest expense 54.9 52.1 106.3 97.8
INCOME BEFORE TAXES 131.4 108.1 160.6 154.5
INCOME TAX EXPENSE 22.1 16.2 26.1 22.8
NET INCOME 109.3 91.9 134.5 131.7
Other comprehensive income, net of tax 0.0 0.0 0.0 0.0
Comprehensive income $ 109.3 $ 91.9 $ 134.5 $ 131.7