OGE · 10-Q · 2026Q1 · Full report

Short-Term Debt Usage

OGE ENERGY CORP. · 2026-04-29 · Importance 74 · Surprise 46

Short-term debt increased $200.4 million, or 68.6 percent, versus December 31, 2025, as the Registrants increased borrowings for general operating needs, including commercial paper usage.,OG&E has regulatory approval to incur up to $1.0 billion in short-term borrowings at any one time for a two-year period beginning January 1, 2025 and ending December 31, 2026.,Average short-term debt for the quarter was $429.6 million with a weighted-average interest rate of 3.95 percent, and maximum month-end short-term debt reached $516.5 million.

Key facts

• Average balance of short-term debt for the three months ended March 31, 2026: $429.6 million with a weighted-average interest rate of 3.95%.
• Maximum month-end balance of short-term debt during the three months ended March 31, 2026: $516.5 million.
• OGE Energy stated it uses short-term borrowings (bank borrowings and commercial paper) to satisfy temporary working capital needs and as an interim source of financing capital expenditures until permanent financing is arranged.