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Retirement Plans and Postretirement Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Funded Status [Table Text Block]
The following table presents the status of the Company's Pension Plan and Restoration of Retirement Income Plan at December 31, 2011 and 2010. These amounts have been recorded in Accrued Benefit Obligations with the offset in Accumulated Other Comprehensive Loss (except OG&E's portion which is recorded as a regulatory asset as discussed in Note 1) in the Company's Consolidated Balance Sheet.  The amounts in Accumulated Other Comprehensive Loss and those recorded as a regulatory asset represent a net periodic benefit cost to be recognized in the Consolidated Statements of Income in future periods. 
 
Pension Plan
Restoration of Retirement
Income Plan
 December 31 (In millions)
2011
2010
2011
2010
Benefit obligations
$
(697.7
)
$
(640.9
)
$
(13.3
)
$
(10.8
)
Fair value of plan assets
589.8

574.0

—

—

Funded status at end of year
$
(107.9
)
$
(66.9
)
$
(13.3
)
$
(10.8
)

The following table presents the status of the Company's postretirement benefit plans at December 31, 2011 and 2010. These amounts have been recorded in Accrued Benefit Obligations with the offset in Accumulated Other Comprehensive Loss (except OG&E's portion which is recorded as a regulatory asset as discussed in Note 1) in the Company's Consolidated Balance Sheet.  The amounts in Accumulated Other Comprehensive Loss and those recorded as a regulatory asset represent a net periodic benefit cost to be recognized in the Consolidated Statements of Income in future periods. 
December 31 (In millions)
2011
2010
Benefit obligations
$
(280.6
)
$
(337.1
)
Fair value of plan assets                                           
61.0

58.5

Funded status at end of year
$
(219.6
)
$
(278.6
)
Schedule of Expected Benefit Payments [Table Text Block]
On December 8, 2003, President Bush signed into law the Medicare Prescription Drug, Improvement and Modernization Act of 2003, which expanded Medicare to include, for the first time, coverage for prescription drugs.  The following table summarizes the gross benefit payments the Company expects to pay related to its postretirement benefit plans, including prescription drug benefits. The Company received $1.3 million in Federal subsidy receipts in 2011. Due to amendments in the Company's retiree medical plan discussed above, the Company does not expect to receive any additional Federal subsidies in the future.
 
 
 
(In millions)
Gross Projected
Postretirement
Benefit
Payments
2012
$
15.4

2013
16.0

2014
16.9

2015
17.7

2016
18.3

2017 and Beyond
97.0

The following table summarizes the benefit payments the Company expects to pay related to its Pension Plan and Restoration of Retirement Income Plan.  These expected benefits are based on the same assumptions used to measure the Company's benefit obligation at the end of the year and include benefits attributable to estimated future employee service. 
 
(In millions)
Projected Benefit Payments
2012
$
68.2

2013
69.2

2014
87.0

2015
78.3

2016
71.1

2017 and Beyond
303.3
Projected Benefit Obligation Funded Status Thresholds [Table Text Block]
The Pension Plan assets are held in a trust which follows an investment policy and strategy designed to reduce the funded status volatility of the Plan by utilizing liability driven investing. The purpose of liability driven investing is to structure the asset portfolio to more closely resemble the pension liability and thereby more effectively hedge against changes in the liability. The investment policy follows a glide path approach that shifts a higher portfolio weighting to fixed income as the Plan's funded status increases. The table below sets forth the targeted fixed income and equity allocations at different funded status levels.
Projected Benefit Obligation Funded Status Thresholds
<90%
95%
100%
105%
110%
115%
120%
Fixed income
50%
58%
65%
73%
80%
85%
90%
Equity
50%
42%
35%
27%
20%
15%
10%
Total
100%
100%
100%
100%
100%
100%
100%
Pension Plan and Postretirement Benefit Plan Equity Asset Allocation Table [Table Text Block]
Within the portfolio's overall allocation to equities, the funds are allocated according to the guidelines in the table below.
        Asset Class
Target Allocation
Minimum
Maximum
Domestic All-Cap/Large Cap Equity                                        
50%
50%
60%
Domestic Mid-Cap Equity                                           
15%
5%
25%
Domestic Small-Cap Equity
15%
5%
25%
International Equity                                           
20%
10%
30%
Schedule of Allocation of Plan Assets [Table Text Block]
The following tables summarize the postretirement benefit plans investments that are measured at fair value on a recurring basis at December 31, 2011 and 2010.  There were no Level 2 investments held by the postretirement benefit plans at December 31, 2011 and 2010.
(In millions)
December 31, 2011
Level 1    
Level 3
Group retiree medical insurance contract (A)
$
54.3

$
—

$
54.3

Mutual funds investment
 
 
 
U.S. equity investments
5.3

5.3

—

Money market funds investment
0.7

0.7

—

Cash
0.7

0.7

—

Total Plan investments
$
61.0

$
6.7

$
54.3

(In millions)
December 31, 2010
Level 1    
Level 3
Group retiree medical insurance contract (A)
$
52.4

$
—

$
52.4

Mutual funds investment
 
 
 
U.S. equity investments
5.5

5.5

—

Money market funds investment
0.6

0.6

—

Total Plan investments
$
58.5

$
6.1

$
52.4

(A) This category represents a group retiree medical insurance contract which invests in a pool of common stocks, bonds and money market accounts, of which a significant portion is comprised of mortgage-backed securities.
The following tables summarize the Pension Plan's investments that are measured at fair value on a recurring basis at December 31, 2011 and 2010. There were no Level 3 investments held by the Pension Plan at December 31, 2011 and 2010. 
(In millions)
December 31, 2011
Level 1
Level 2
Common stocks
 
 
 
U.S. common stocks
$
179.7

$
179.7

$
—

Foreign common stocks
59.5

59.5

—

Bonds, debentures and notes (A)
 

 

 

Corporate fixed income and other securities
95.3

—

95.3

Mortgage-backed securities
17.2

—

17.2

U.S. Government obligations
 

 

 

U.S. treasury notes and bonds (B)
118.8

118.8

—

Mortgage-backed securities
72.0

—

72.0

Other securities
1.0

—

1.0

Commingled fund (C)
38.5

—

38.5

Common/collective trust (D)
29.6

—

29.6

Foreign government bonds
2.9

—

2.9

Interest-bearing cash
2.1

2.1

—

U.S. municipal bonds
1.7

—

1.7

Preferred stocks (foreign)
0.6

0.6

—

Total Plan investments
$
618.9

$
360.7

$
258.2

Receivable from broker for securities sold
4.8

 

 

Interest and dividends receivable
3.1

 

 

Payable to broker for securities purchased
(37.0
)
 

 

Total Plan assets
$
589.8

 

 

(In millions)
December 31, 2010
Level 1
Level 2           
Common stocks
 
 
 
U.S. common stocks
$
189.0

$
189.0

$
—

Foreign common stocks
75.9

75.9

—

Bonds, debentures and notes (A)
 

 

 

Corporate fixed income and other securities
104.1

—

104.1

Mortgage-backed securities
26.6

—

26.6

U.S. Government obligations
 

 

 

Mortgage-backed securities
76.5

—

76.5

U.S. treasury notes and bonds (B)
35.7

35.7

—

Other securities
2.4

—

2.4

Commingled fund (C)
37.7

—

37.7

Common/collective trust (D)
23.1

—

23.1

Mutual funds
 
 
 
Global equity mutual fund
1.8

1.8

—

U.S equity mutual fund
1.6

1.6

—

Foreign equity mutual fund
1.0

1.0

—

U.S. municipal bonds
4.3

—

4.3

Foreign government bonds
3.9

—

3.9

Repurchase agreement
3.7

—

3.7

Preferred stocks (foreign)
0.7

0.7

—

Interest-bearing cash
0.2

0.2

—

Total Plan investments
$
588.2

$
305.9

$
282.3

Receivable from broker for securities sold
5.5

 

 

Interest and dividends receivable
2.8

 

 

Payable to broker for securities purchased
(22.5
)
 

 

Total Plan assets
$
574.0

 

 

(A) This category primarily represents U.S. corporate bonds with an investment grade rating at or above Baa3 or BBB- by Moody's Investors Services, Standard & Poor's Ratings Services or Fitch Ratings.
(B) This category represents U.S. treasury notes and bonds with a Moody's Investors Services rating of Aaa and Government Agency Bonds with a Moody's Investors Services rating of A1 or higher.
(C) This category represents units of participation in a commingled fund that primarily invest in stocks and bonds of U.S. companies.
(D) This category represents units of participation in an investment pool which primarily invests in foreign or domestic bonds, debentures, mortgages, equipment or other trust certificates, notes, obligations issued or guaranteed by the U.S. Government or its agencies, bank certificates of deposit, bankers' acceptances and repurchase agreements, high grade commercial paper and other instruments with money market characteristics with a fixed or variable interest rate. There are no restrictions on redemptions in the common/collective trust.
 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following table summarizes the postretirement benefit plans investments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3).
Year ended December 31 (In millions)
2011
Group retiree medical insurance contract
 
Beginning balance
$
52.4

Interest income
1.3

Net unrealized gains related to instruments held at the reporting date
0.9

Dividend income
0.8

Realized gains
0.1

Administrative expenses and charges
(0.1
)
Claims paid
(1.1
)
Ending balance
$
54.3
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
A one-percentage point change in the assumed health care cost trend rate would have the following effects: 
ONE-PERCENTAGE POINT INCREASE
Year ended December 31 (In millions)
2011
2010
2009
Effect on aggregate of the service and interest cost components
$
—

$
3.1

$
2.4

Effect on accumulated postretirement benefit obligations
0.1

0.7

40.3

ONE-PERCENTAGE POINT DECREASE
Year ended December 31 (In millions)
2011
2010
2009
Effect on aggregate of the service and interest cost components
$
0.1

$
2.5

$
1.9

Effect on accumulated postretirement benefit obligations
0.6

1.6

32.9
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
The following table presents the status of the Company's Pension Plan, the Restoration of Retirement Income Plan and the postretirement benefit plans for 2011 and 2010. The benefit obligation for the Company's Pension Plan and the Restoration of Retirement Income Plan represents the projected benefit obligation, while the benefit obligation for the postretirement benefit plans represents the accumulated postretirement benefit obligation. The accumulated postretirement benefit obligation for the Company's Pension Plan and Restoration of Retirement Income Plan differs from the projected benefit obligation in that the former includes no assumption about future compensation levels. The accumulated postretirement benefit obligation for the Pension Plan and the Restoration of Retirement Income Plan at December 31, 2011 was $656.1 million and $11.9 million, respectively. The accumulated postretirement benefit obligation for the Pension Plan and the Restoration of Retirement Income Plan at December 31, 2010 was $601.4 million and $8.7 million, respectively. The details of the funded status of the Pension Plan, the Restoration of Retirement Income Plan and the postretirement benefit plans and the amounts included in the Consolidated Balance Sheets are as follows: 
 
Pension Plan
Restoration of Retirement
Income Plan
Postretirement
Benefit Plans
 December 31 (In millions)
2011
2010
2011
2010
2011
2010
Change in Benefit Obligation
 
 
 
 
 
 
Beginning obligations
$
(640.9
)
$
(610.9
)
$
(10.8
)
$
(8.3
)
$
(337.1
)
$
(288.0
)
Service cost
(17.6
)
(16.7
)
(1.0
)
(0.9
)
(3.5
)
(4.3
)
Interest cost
(33.3
)
(31.8
)
(0.6
)
(0.5
)
(12.5
)
(17.0
)
Plan amendments
—

—

—

—

91.4

—

Participants' contributions
—

—

—

—

(8.1
)
(7.3
)
Medicare subsidies received
—

—

—

—

(2.0
)
(1.4
)
Actuarial gains (losses)
(48.3
)
(15.9
)
(1.0
)
(1.5
)
(25.7
)
(36.6
)
Benefits paid
42.4

34.4

0.1

0.4

16.9

17.5

Ending obligations
$
(697.7
)
$
(640.9
)
$
(13.3
)
$
(10.8
)
$
(280.6
)
$
(337.1
)
 
 
 
 
 
 
 
Change in Plans' Assets
 
 
 
 
 
 
Beginning fair value
$
574.0

$
496.3

$
—

$
—

$
58.5

$
55.0

Actual return on plans' assets
8.2

62.1

—

—

2.7

5.2

Employer contributions
50.0

50.0

0.1

0.4

6.6

7.1

Participants' contributions
—

—

—

—

8.1

7.3

Medicare subsidies received
—

—

—

—

2.0

1.4

Benefits paid
(42.4
)
(34.4
)
(0.1
)
(0.4
)
(16.9
)
(17.5
)
Ending fair value
589.8

574.0

—

—

61.0

58.5

Funded status at end of year
$
(107.9
)
$
(66.9
)
$
(13.3
)
$
(10.8
)
$
(219.6
)
$
(278.6
)
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
Net Periodic Benefit Cost
 
Pension Plan
Restoration of Retirement
Income Plan
Postretirement
Benefit Plans
Year ended December 31 (In millions)
2011
2010
2009
2011
2010
2009
2011
2010
2009
Service cost
$
17.6

$
16.7

$
18.1

$
1.0

$
0.9

$
0.7

$
3.5

$
4.3

$
3.3

Interest cost
33.3

31.8

31.4

0.6

0.5

0.4

12.5

17.0

14.1

Expected return on plan assets
(45.5
)
(42.4
)
(33.0
)
—

—

—

(5.1
)
(6.9
)
(6.5
)
Amortization of transition obligation
—

—

—

—

—

—

2.7

2.7

2.7

Amortization of net loss
19.2

21.3

23.5

0.4

0.3

0.3

18.3

12.1

5.0

Amortization of unrecognized prior service cost (A)
2.4

2.4

0.8

0.7

0.7

0.6

(16.5
)
—

1.0

Net periodic benefit cost (B)
$
27.0

$
29.8

$
40.8

$
2.7

$
2.4

$
2.0

$
15.4

$
29.2

$
19.6

(A) Unamortized prior service cost is amortized on a straight-line basis over the average remaining service period to the first eligibility age of participants who are expected to receive a benefit and are active at the date of the plan amendment.
(B) In addition to the $45.1 million, $61.4 million and $62.4 million of net periodic benefit cost recognized in 2011, 2010 and 2009, respectively, the Company recognized the following:

•
an increase in pension expense in 2011 and 2010 of $10.8 million and $8.1 million, respectively, and a reduction in pension expense in 2009 of $2.2 million to maintain the allowable amount to be recovered for pension expense in the Oklahoma jurisdiction which are included in the Pension tracker regulatory liability (see Note 1);
•
a reduction in pension expense in 2009 of $3.2 million in the Arkansas jurisdiction to reflect the approval of recovery of OG&E's 2006 and 2007 pension settlement costs in the May 2009 Arkansas rate order which are included in the Pension tracker regulatory liability) (see Note 1); and
•
an increase in postretirement medical expense in 2011 of $3.5 million to maintain the allowable amount to be recovered for postretirement medical expense in the Oklahoma jurisdiction which are included in the Pension tracker regulatory liability (see Note 1).
Schedule of Assumptions Used [Table Text Block]
Rate Assumptions
 
Pension Plan and
Restoration of Retirement Income Plan
Postretirement
Benefit Plans
Year ended December 31
2011
2010
2009
2011
2010
2009
Discount rate
4.50
%
5.30
%
5.30
%
4.50
%
5.30
%
6.00
%
Rate of return on plans' assets
8.00
%
8.50
%
8.50
%
6.50
%
8.50
%
8.50
%
Compensation increases
4.40
%
4.40
%
4.50
%
N/A

N/A

N/A

Assumed health care cost trend:
 

 

 

 

 

 

Initial trend
N/A

N/A

N/A

8.75
%
8.99
%
9.49
%
Ultimate trend rate
N/A

N/A

N/A

4.48
%
5.00
%
5.00
%
Ultimate trend year
N/A

N/A

N/A

2028

2020

2018

N/A - not applicable