Credit Facilities and Short-Term Debt (Tables)

6 Months Ended

Jun. 30, 2024

Short-Term Debt [Abstract]

Schedule of Line of Credit Facilities

The following table presents information regarding the Registrants' revolving credit agreements at June 30, 2024.

Entity	Aggregate Commitment		Amount Outstanding (A)		Weighted-Average Interest Rate				Expiration
	(In millions)
OGE Energy (B)	$	550.0	$	361.3		5.64	%	(F)	December 18, 2028
OGE Energy (C)		60.0		—		—	%	(F)	May 24, 2027
OG&E (D)(E)		550.0		200.4		6.42	%	(F)	December 18, 2028
Total	$	1,160.0	$	561.7		5.92	%

(A)Includes direct borrowings under the revolving credit agreements, commercial paper borrowings and letters of credit at June 30, 2024.

(B)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.

(C)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.

(D)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. At June 30, 2024, there was $200.0 million in outstanding borrowings at a weighted-average interest rate of 6.42 percent under the revolving credit facility, which was classified as Long-Term Debt in the Registrants' condensed balance sheet.

(E)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, 2028. At June 30, 2024, there was $116.9 million in intercompany borrowings under this agreement.

(F)Represents the weighted-average interest rate for the outstanding borrowings under the revolving credit agreements, commercial paper borrowings and letters of credit.