XML 83 R65.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Regulatory Liability, Noncurrent $ 1,270.7 $ 1,283.4    
Interim Rate Revenue Reserved 15.4      
Increase in Tax Expense from Adjustment 2.1      
Current Federal Tax Expense (Benefit) (1.9) 4.9 $ 0.0  
Current State and Local Tax Expense (Benefit) (4.4) (4.2) (5.7)  
Current Income Tax Expense (Benefit) (6.3) 0.7 (5.7)  
Deferred Federal Income Tax Expense (Benefit) 74.7 (75.9) 126.0  
Deferred State and Local Income Tax Expense (Benefit) 3.7 26.0 28.0  
Deferred Income Tax Expense (Benefit) 78.4 (49.9) 154.0  
Investment Tax Credit 0.1 (0.1) (0.2)  
Income Tax Expense (Benefit) $ 72.2 $ (49.3) [1] $ 148.1  
Statutory federal tax rate 21.00% 35.00% 35.00%  
Federal deferred tax revaluation 0.40% (41.20%) 0.00%  
Federal renewable energy credit (A) [2] (5.10%) (4.80%) (6.80%)  
Remeasurement of state deferred tax liabilities (0.40%) 0.40% 0.90%  
401(k) dividends (0.30%) (0.50%) (0.60%)  
Federal investment tax credits, net 0.00% (0.10%) (0.80%)  
State income taxes, net of federal income tax benefit 0.40% 2.00% 1.90%  
Effective Income Tax Rate Reconciliation, Executive Compensation Limitation, Percent 0.20% 0.00% 0.00%  
Uncertain tax positions 0.00% 0.00% 0.10%  
Amortization of net unfunded deferred taxes (2.10%) 0.70% 0.70%  
Other 0.40% (0.10%) 0.10%  
Effective income tax rate 14.50% (8.60%) 30.50%  
Accrued liabilities $ (12.5) $ (7.4)    
Accrued vacation (2.3) (2.1)    
Uncollectible accounts (0.4) (0.4)    
Accelerated depreciation and other property related differences 1,605.3 1,449.6    
Investment in Enable 469.9 441.7    
Regulatory assets 17.4 18.9    
Income taxes recoverable from customers, net (239.6) (244.3)    
Company Pension Plan 7.6 11.5    
Bond redemption-unamortized costs 2.4 2.6    
Derivative instruments 1.7 1.6    
Federal tax credits (237.8) (218.5)    
State tax credits (156.0) (141.7)    
Postretirement medical and life insurance benefits (23.6) (25.2)    
Net operating losses (20.2) (21.1)    
Regulatory liabilities (78.8) (16.8)    
Asset retirement obligations (21.5) (19.2)    
Deferred federal investment tax credits (1.8) (0.5)    
Other 1.1 (0.9)    
Total deferred income tax liabilities, net 1,310.9 1,227.8    
Unrecognized Tax Benefits 20.7 20.7 $ 20.7 $ 20.2
Current year additions 0.0 0.0 0.5  
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued 0.0      
Tax Credit Carryforward, Deferred Tax Asset 237.8 218.5    
Increased Regulatory Liabilities due to Income Taxes 7.4      
State operating loss [Member]        
Operating Loss Carryforwards 451.8      
Deferred Tax Assets, Operating Loss Carryforwards, State and Local $ 20.2      
Tax Credit Carryforward, Expiration Date Dec. 31, 2030      
Federal tax credits [Member]        
Federal tax credits $ (237.8)      
Tax Credit Carryforward, Amount 237.8      
Tax Credit Carryforward, Deferred Tax Asset $ 237.8      
Tax Credit Carryforward, Expiration Date Dec. 31, 2032      
Oklahoma investment tax credits [Member]        
State tax credits $ (127.7)      
Tax Credit Carryforward, Amount 161.6      
Oklahoma capital investment board credits [Member]        
State tax credits (8.9)      
Tax Credit Carryforward, Amount 8.9      
Oklahoma zero emission tax credits [Member]        
State tax credits (19.4)      
Tax Credit Carryforward, Amount $ 24.1      
Tax Credit Carryforward, Expiration Date Dec. 31, 2020      
Og and E [Member]        
Unrecognized Tax Benefits $ 16.4 $ 16.4 $ 13.5  
Income taxes refundable to customers, net [Member]        
Regulatory Liability, Noncurrent $ 1,022.0      
[1] The Company recorded an income tax benefit of $245.2 million and income tax expense of $10.5 million during the fourth quarter of 2017 due to the Company remeasuring deferred taxes related to the natural gas midstream operations and other operations segments, respectively, as a result of the 2017 Tax Act. See Note 8 for further discussion of the effects of the 2017 Tax Act.
[2] Represents credits associated with the production from OG&E's wind farms.