XML 34 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Investment in Unconsolidated Affiliates (Tables)
 6 Months Ended
Jun. 30, 2017
Reconciliation of Basis Difference [Line Items]  
Reconciliation of Basis Difference [Table Text Block]
The following table reconciles the basis difference in Enable from December 31, 2016 to June 30, 2017.
(In millions)
 
 
Basis difference as of December 31, 2016
 
$
743.7

Amortization of basis difference
 
(5.7
)
Elimination of Enable fair value step up
 
(8.6
)
Basis difference as of June 30, 2017
 
$
729.4
Reconciliation of Equity in Earnings of Unconsolidated Affiliates [Table Text Block]
The following table reconciles the Company's equity in earnings of its unconsolidated affiliates for the three and six months ended June 30, 2017 and 2016.

Three Months Ended
Six Months Ended

June 30,
June 30,
Reconciliation of Equity in Earnings of Unconsolidated Affiliates
2017
2016
2017
2016
(In millions)


Enable net income
$
86.2

$
34.7

$
197.4

$
120.7

Differences due to timing of OGE Energy and Enable accounting close
—

1.5

—

(10.2
)
Enable net income used to calculate OGE Energy's equity in earnings
$
86.2

$
36.2

$
197.4

$
110.5

OGE Energy’s percent ownership at period end
25.7
%
26.3
%
25.7
%
26.3
%
OGE Energy’s portion of Enable net income
$
22.2

$
9.1

$
50.7

$
28.6

Impairments recognized by Enable associated with OGE Energy’s basis differences
—

—

—

1.8

OGE Energy's share of Enable net income
$
22.2

$
9.1

$
50.7

$
30.4

Amortization of basis difference
2.9

3.0

5.7

5.9

Elimination of Enable fair value step up
4.3

4.6

8.6

8.7

Equity in earnings of unconsolidated affiliates
$
29.4

$
16.7

$
65.0

$
45.0
Schedule of Related Party Transactions [Table Text Block]
The following table summarizes related party transactions between OG&E and Enable during the three and six months ended June 30, 2017 and 2016.
 
Three Months Ended
Six Months Ended
 
June 30,
June 30,
(In millions)
2017
2016
2017
2016
Operating revenues:
 
 
 
 
Electricity to power electric compression assets
$
3.3

$
3.0

$
5.5

$
5.3

Cost of sales:
 
 
 
 
Natural gas transportation services
$
8.8

$
8.8

$
17.5

$
17.5

Natural gas purchases/(sales)
(0.4
)
5.4

(0.8
)
6.9
Summarized Balance Sheet Financial Information, Equity Method Investment [Table Text Block]
Summarized unaudited financial information for 100 percent of Enable is presented below at June 30, 2017 and December 31, 2016 and for the three and six months ended June 30, 2017 and 2016.
 
June 30,
December 31,
Balance Sheet
2017
2016
(In millions)
 
Current assets
$
351

$
396

Non-current assets
10,780

10,816

Current liabilities
298

362

Non-current liabilities
3,111

3,056
Summarized Income Statement Financial Information, Equity Method Investment [Table Text Block]
 
Three Months Ended
Six Months Ended
 
June 30,
June 30,
Income Statement
2017
2016
2017
2016
(In millions)
 
Operating revenues
$
626

$
529

$
1,292

$
1,038

Cost of natural gas and natural gas liquids
279

254

587

449

Operating income
122

57

262

160

Net income
86

35

197

121