2.2.0.25falsefalse006080 - Disclosure - Short-Term Debt and Credit Facilitytruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011 USD ($) $c20110101to20110331http://www.sec.gov/CIK0000074145duration2011-01-01T00:00:002011-03-31T00:00:00U001Standardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$2true0ogec_ShortTermDebtAndCreditFacilityAbstractogecfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalseShort-Term Debt and Credit Facility [Abstract]3false0us-gaap_ShortTermDebtTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00<div><div><div><table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 12pt;"><tr valign="top"><td style="width: 40pt;"><div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt; font-weight: bold;">8.</font></div></td><td><div align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 12pt; font-weight: bold;">Short-Term Debt and Credit Facility</font></div></td></tr></table></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">At March 31, 2011, there were $12.0 million in net outstanding advances from OGE Energy and at December 31, 2010, there were $68.9 million in net outstanding advances to OGE Energy.  The Company has an intercompany borrowing agreement with OGE Energy whereby the Company has access to up to $250 million of OGE Energy's revolving credit amount.  This agreement has a termination date of January 9, 2013.  At March 31, 2011, there were no intercompany borrowings under this agreement.  The Company also has $389.0 million of liquidity under a bank facility which is available to back up the Company'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, 2011, there was $0.3 million supporting letters of credit at a weighted-average interest rate of 0.32 percent.  There were no outstanding borrowings under this revolving credit agreement and no outstanding commercial paper borrowings at March 31, 2011.  At March 31, 2011, the Company had less than $0.1 million in cash and cash equivalents.</font></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">On April 1, 2011, the Company posted letters of credit with the SPP of $1.9 million related to the Company's portion of upgrade costs to the transmission system to allow the 150 MW CPV Keenan wind farm and the 130 MW Edison Mission Energy wind farm to operate at full capacity for the Company's system load. </font></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">OGE Energy's and the Company's ability to access the commercial paper market could be adversely impacted by a credit ratings downgrade or major market disruptions.  Pricing grids associated with OGE Energy's and the Company's credit facilities could cause annual fees and borrowing rates to increase if an adverse ratings impact occurs. The impact of any future downgrade could include an increase in the costs of OGE Energy's and the Company's short-term borrowings, but a reduction in OGE Energy's and the Company's credit ratings would not result in any defaults or accelerations.  Any future downgrade of the Company could also lead to higher long-term borrowing costs and, if below investment grade, would require the Company to post cash collateral or letters of credit.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 40pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 12pt;">The Company must obtain regulatory approval from the FERC in order to borrow on a short-term basis.  The Company has the necessary regulatory approvals to incur up to $800 million in short-term borrowings at any one time for a two-year period beginning January 1, 2011 and ending December 31, 2012.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div></div>8.Short-Term Debt and Credit Facility At March 31, 2011, there were $12.0 million in net outstanding advances from OGE Energy and at December 31, 2010,falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used as a single block of text to encapsulate the entire disclosure for short-term borrowings including data and tables.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 9 falsefalseShort-Term Debt and Credit Facility12Short-Term Debt and Credit FacilityUnKnownUnKnownUnKnownUnKnownfalsetrue