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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues from contracts with customers $ 2,607.3 $ 3,304.2 $ 3,588.7
Other revenues 67.0 71.5 65.0
Operating revenues 2,674.3 3,375.7 3,653.7
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE 911.7 1,662.4 2,127.6
OPERATING EXPENSES      
Other operation and maintenance 502.6 501.4 463.1
Depreciation and amortization 506.6 460.9 416.0
Taxes other than income 103.2 101.5 102.8
Operating expenses 1,112.4 1,063.8 981.9
OPERATING INCOME 650.2 649.5 544.2
OTHER INCOME (EXPENSE)      
Allowance for equity funds used during construction 19.4 6.9 6.7
Other net periodic benefit income (expense) 5.6 (12.9) (6.1)
Gain (loss) on equity securities (Note 1) 0.0 282.1 (8.6)
Equity in earnings of unconsolidated affiliates 0.0 0.0 169.8
Gain on Enable/Energy Transfer transaction, net 0.0 0.0 344.4
Other income 48.2 74.6 26.3
Other expense (29.0) (44.6) (39.9)
Net other income 44.2 306.1 492.6
INTEREST EXPENSE      
Interest on long-term debt 205.0 162.1 154.8
Allowance for borrowed funds used during construction (7.1) (4.0) (3.5)
Interest on short-term debt and other interest charges 23.5 8.2 7.0
Interest expense 221.4 166.3 158.3
INCOME BEFORE TAXES 473.0 789.3 878.5
INCOME TAX EXPENSE 56.2 123.6 141.2
NET INCOME $ 416.8 $ 665.7 $ 737.3
BASIC AVERAGE COMMON SHARES OUTSTANDING 200.3 200.2 200.1
DILUTED AVERAGE COMMON SHARES OUTSTANDING 200.9 200.8 200.3
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 2.08 $ 3.33 $ 3.68
DILUTED EARNINGS PER AVERAGE COMMON SHARE $ 2.07 $ 3.32 $ 3.68
Other comprehensive income, net of tax $ 4.7 $ 12.9 $ 7.3
Comprehensive income 421.5 678.6 744.6
OG&E [Member]      
Revenues from contracts with customers 2,607.3 3,304.2 3,558.7
Other revenues 67.0 71.5 65.0
Operating revenues 2,674.3 3,375.7 3,653.7
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE 911.7 1,662.4 2,127.6
OPERATING EXPENSES      
Other operation and maintenance 505.0 491.9 464.7
Depreciation and amortization 506.6 460.9 416.0
Taxes other than income 99.4 98.0 99.3
Operating expenses 1,111.0 1,050.8 980.0
OPERATING INCOME 651.6 662.5 546.1
OTHER INCOME (EXPENSE)      
Allowance for equity funds used during construction 19.4 6.9 6.7
Other net periodic benefit income (expense) 6.5 1.2 (4.3)
Other income 23.9 6.5 7.1
Other expense (6.3) (3.4) (1.8)
Net other income 43.5 11.2 7.7
INTEREST EXPENSE      
Interest on long-term debt 200.4 157.4 152.7
Allowance for borrowed funds used during construction (7.1) (4.0) (3.5)
Interest on short-term debt and other interest charges 6.6 4.4 2.8
Interest expense 199.9 157.8 152.0
INCOME BEFORE TAXES 495.2 515.9 401.8
INCOME TAX EXPENSE 68.8 76.4 41.8
NET INCOME 426.4 439.5 360.0
Other comprehensive income, net of tax 0.0 0.0 0.0
Comprehensive income $ 426.4 $ 439.5 $ 360.0