XML 37 R57.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Regulatory Liability, Noncurrent $ 1,223.5 $ 1,270.7    
Current Federal Tax Expense (Benefit) (7.9) (12.4) $ 26.3  
Current State and Local Tax Expense (Benefit) 4.1 (4.1) (4.3)  
Current Income Tax Expense (Benefit) (3.8) (16.5) 22.0  
Deferred Federal Income Tax Expense (Benefit) 37.7 53.7 100.0  
Deferred State and Local Income Tax Expense (Benefit) (13.8) 2.7 19.9  
Deferred Income Tax Expense (Benefit) 23.9 56.4 119.9  
Investment Tax Credit 0.0 0.1 (0.1)  
Income Tax Expense (Benefit) $ 20.1 $ 40.0 $ 141.8  
Statutory federal tax rate 21.00% 21.00% 35.00%  
Amortization of net unfunded deferred taxes (5.60%) (2.90%) 0.90%  
State income taxes, net of federal income tax benefit (1.80%) (0.20%) 2.20%  
Federal renewable energy credit [1] (7.60%) (6.90%) (6.10%)  
Other (0.60%) (0.10%) (0.30%)  
Effective income tax rate 5.40% 10.90% 31.70%  
Accelerated depreciation and other property related differences $ 1,656.8 $ 1,605.3    
OG&E Pension Plan 24.5 26.0    
Regulatory assets 28.4 17.4    
Income taxes recoverable from customers, net (229.9) (239.6)    
Bond redemption-unamortized costs 2.2 2.4    
Federal tax credits (238.0) (237.5)    
State tax credits (170.8) (142.3)    
Postretirement medical and life insurance benefits (16.0) (16.2)    
Net operating losses (5.7) (10.0)    
Other (4.7) (2.4)    
Deferred federal investment tax credits (4.3) (6.1)    
Accrued vacation (1.6) (1.7)    
Uncollectible accounts (0.4) (0.4)    
Total deferred income tax liabilities, net 951.4 892.7    
Unrecognized Tax Benefits 20.7 20.7 $ 20.7 $ 20.7
Current year additions 0.0 0.0 0.0  
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued 0.0      
Tax Credit Carryforward, Deferred Tax Asset 238.0 237.5    
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Asset Retirement Obligations 19.2 21.5    
Non-Current Deferred Tax Assets, Regulatory Liabilities 68.1 78.8    
Non-Current Deferred Tax Assets, Deferred Federal Investment Tax Credits 1.8 $ 1.9    
State operating loss [Member]        
Operating Loss Carryforwards 127.3      
Deferred Tax Assets, Operating Loss Carryforwards, State and Local 5.7      
Federal tax credits [Member]        
Federal tax credits (238.0)      
Tax Credit Carryforward, Amount 238.0      
Tax Credit Carryforward, Deferred Tax Asset 238.0      
Oklahoma investment tax credits [Member]        
State tax credits 130.4      
Tax Credit Carryforward, Amount 165.1      
Oklahoma capital investment board credits [Member]        
State tax credits 12.4      
Tax Credit Carryforward, Amount 12.4      
Oklahoma zero emission tax credits [Member]        
State tax credits 28.0      
Tax Credit Carryforward, Amount 34.9      
OG&E [Member]        
Unrecognized Tax Benefits that Would Impact Effective Tax Rate $ 16.4   $ 16.4  
[1] Represents credits associated with the production from OG&E's wind farms.