Noncontrolling Interests

12 Months Ended

Dec. 31, 2012

The following table summarizes changes in OGE Holdings' and the ArcLight group's membership interest in Enogex Holdings in 2012.



(In millions)	OGE Holdings		ArcLight group		Total
Balance at December 31, 2011 (units)	93.8		21.6		115.4
Ownership percentage at December 31, 2011	81.3	%	18.7	%	100.0	%

Issuance of 5,294,118 units of Enogex Holdings (A)	2.7		2.6		5.3
Balance at December 31, 2012 (units)	96.5		24.2		120.7
Ownership percentage at December 31, 2012	79.9	%	20.1	%	100.0	%


(A)	Effective October 1, 2012, OGE Energy and the ArcLight group made contributions to Enogex Holdings of $45.0 million each to fund a portion of Enogex LLC's 2012 capital requirements.

The following table summarizes changes in OGE Energy's equity which represents changes in additional paid-in capital for unrecognized gains from the issuance of equity interests in Enogex Holdings to the ArcLight group in 2012.



(In millions)
Net income attributable to OGE Energy	$	355.0
Transfers from the noncontrolling interest
Increase in paid-in capital for issuance of 5,294,118 units of Enogex Holdings (net of tax of $3.2 million)	5.1
Net transfers from the noncontrolling interest	5.1
Total of net income attributable to OGE Energy and transfers from noncontrolling interest	$	360.1

Pursuant to the Enogex Holdings LLC Agreement, Enogex Holdings makes quarterly distributions to its partners. The following table summarizes the quarterly distributions in 2012.



(In millions)	OGE Holdings' Portion		ArcLight group's Portion		Total Distribution
First quarter 2012	$	24.4	$	5.6	$	30.0
Second quarter 2012	10.1		2.4		12.5
Third quarter 2012	10.2		2.3		12.5
Fourth quarter 2012	10.2		2.3		12.5
Total	$	54.9	$	12.6	$	67.5

During 2012, Atoka's noncontrolling interest partner made contributions of $1.2 million to Atoka. Enogex LLC made no distributions during 2012 to its Atoka partner, as there is no minimum distribution requirement related to Atoka.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References+ Details