XML 37 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Short-Term Debt and Credit Facilities (Tables)
 3 Months Ended
Mar. 31, 2013
Short-term Debt [Abstract]  
Schedule of Line of Credit Facilities [Table Text Block]
The following table provides information regarding the Company's revolving credit agreements and available cash at March 31, 2013.
Revolving Credit Agreements and Available Cash 
 
Aggregate
Amount
Weighted-Average
 
 
Entity
Commitment 
Outstanding (A)
Interest Rate
 
Maturity
 
(In millions)
 
 
 
OGE Energy (B)
$
750.0

$
663.9

0.38
%
(E)
December 13, 2016
OG&E (C)
400.0

45.2

0.33
%
(E)
December 13, 2016
Enogex LLC (D)
400.0

—

—
%
(E)
See (D) below
 
1,550.0

709.1

0.38
%
 
 
Cash
7.1

N/A

N/A

 
N/A
Total
$
1,557.1

$
709.1

0.38
%
 
 
(A)
Includes direct borrowings under the revolving credit agreements, commercial paper borrowings and letters of credit at March 31, 2013.
(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.  At March 31, 2013, there was $663.9 million in outstanding commercial paper borrowings.
(C)
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 March 31, 2013, there was $43.1 million in outstanding commercial paper borrowings and $2.1 million in letters of credit.
(D)
This bank facility was available to provide revolving credit borrowings for Enogex LLC. Effective May 1, 2013, the Midstream Partnership entered into a $1.4 billion, five-year senior unsecured revolving credit facility in accordance with the terms of the Master Formation Agreement and Enogex LLC's $400 million revolving credit facility was terminated.  
(E)
Represents the weighted-average interest rate for the outstanding borrowings under the revolving credit agreements, commercial paper borrowings and letters of credit.