OGE · 10-Q · 2026Q1 · Full report
Regulatory Asset Deferrals
OGE ENERGY CORP. · 2026-04-29 · Importance 56 · Surprise 58
OG&E deferred $11.2 million of allowable depreciation and amortization to a regulatory asset under the Oklahoma PISA in Q1 2026, reducing reported depreciation expense by $1.0 million year-over-year.,OG&E also deferred certain interest expense to a regulatory asset under Oklahoma PISA, which was a primary driver of a $6.8 million, or 12.0 percent, reduction in interest expense in Q1 2026.,These PISA-driven deferrals materially lowered reported operating and financing costs in the quarter while creating regulatory assets that management expects will be addressed through future regulatory mechanisms.
Key facts
- OG&E deferred $11.2 million of allowable depreciation and amortization expense to a regulatory asset in accordance with Oklahoma PISA during the three months ended March 31, 2026.
- Interest expense decrease was primarily due to the deferral of certain interest expense to a regulatory asset in accordance with Oklahoma PISA, partially offset by the $350.0 million senior notes issuance in April 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -2.4% | Interest expense decrease was primarily due to the deferral of certain interest expense to a regulatory asset in accordance with Oklahoma… |
| operating_income | positive | realized | +1.5% | OG&E deferred $11.2 million of allowable depreciation and amortization expense to a regulatory asset in accordance with Oklahoma PISA… |
| assets | positive | realized | +0.1% | OG&E deferred $11.2 million of allowable depreciation and amortization expense to a regulatory asset in accordance with Oklahoma PISA… |
| operating_income | positive | realized | — | Interest expense decrease was primarily due to the deferral of certain interest expense to a regulatory asset in accordance with Oklahoma… |