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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
OPERATING REVENUES        
Electric Utility operating revenues $ 528.0 $ 568.7 $ 954.7 $ 990.8
Natural Gas Midstream Operations operating revenues 327.0 409.4 741.0 827.8
Total operating revenues 855.0 978.1 1,695.7 1,818.6
COST OF GOODS SOLD (exclusive of depreciation and amortization shown below)        
Electric Utility cost of goods sold 192.7 242.5 376.3 450.0
Natural Gas Midstream Operations cost of goods sold 216.6 307.6 518.3 633.3
Total cost of goods sold 409.3 550.1 894.6 1,083.3
Gross margin on revenues 445.7 428.0 801.1 735.3
OPERATING EXPENSES        
Other operation and maintenance 153.0 146.6 300.6 284.9
Depreciation and amortization 90.5 74.7 177.1 148.7
Impairment of assets 0.1 0 0.3 0
Gain on insurance proceeds 0 0 (7.5) 0
Taxes other than income 24.8 24.5 55.0 51.6
Total operating expenses 268.4 245.8 525.5 485.2
OPERATING INCOME 177.3 182.2 275.6 250.1
OTHER INCOME (EXPENSE)        
Interest income 0.1 0.1 0.1 0.2
Allowance for equity funds used during construction 1.7 5.8 3.6 10.2
Other income 2.4 7.0 10.1 13.3
Other expense (3.6) (3.5) (5.5) (5.8)
Net other income 0.6 9.4 8.3 17.9
INTEREST EXPENSE        
Interest on long-term debt 38.9 35.8 78.1 71.2
Allowance for borrowed funds used during construction (0.9) (2.9) (2.0) (5.2)
Interest on short-term debt and other interest charges 2.4 1.6 4.4 2.6
Interest expense 40.4 34.5 80.5 68.6
INCOME BEFORE TAXES 137.5 157.1 203.4 199.4
INCOME TAX EXPENSE 35.9 47.8 54.3 60.4
NET INCOME 101.6 109.3 149.1 139.0
Less: Net income attributable to noncontrolling interests 7.7 6.3 18.1 11.2
NET INCOME ATTRIBUTABLE TO OGE ENERGY $ 93.9 $ 103.0 $ 131.0 $ 127.8
BASIC AVERAGE COMMON SHARES OUTSTANDING (in shares) 98.6 98.0 98.4 97.8
DILUTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 98.9 99.3 98.8 99.2
BASIC EARNINGS PER AVERAGE COMMON SHARE ATTRIBUTABLE TO OGE ENERGY COMMON SHAREHOLDERS (in dollars per share) $ 0.95 $ 1.05 $ 1.33 $ 1.31
DILUTED EARNINGS PER AVERAGE COMMON SHARE ATTRIBUTABLE TO OGE ENERGY COMMON SHAREHOLDERS (in dollars per share) $ 0.95 $ 1.04 $ 1.33 $ 1.29
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.3925 $ 0.3750 $ 0.7850 $ 0.7500