OGE · 10-Q · 2026Q1 · Full report

Liquidity and Credit Facilities

OGE ENERGY CORP. · 2026-04-29 · Importance 49 · Surprise 6

OGE Energy maintains unsecured five-year revolving credit facilities totaling $1.1 billion ($550 million for OGE Energy and $550 million for OG&E) and a $120 million three‑year floating rate unsecured facility (with $60 million as a revolving loan). Net available liquidity under revolving credit agreements, commercial paper borrowings and letters of credit was $667.2 million at March 31, 2026, and cash and cash equivalents were $0.2 million. OG&E has regulatory approval from FERC to incur up to $1.0 billion in short-term borrowings at any one time for a two-year period beginning Jan 1, 2025 and ending Dec 31, 2026. Management expects cash from operations, borrowing capacity and access to capital markets to be adequate to meet short- and long-term needs.

Key facts

• OGE Energy has unsecured five-year revolving credit facilities totaling $1.1 billion, comprised of $550.0 million for OGE Energy and $550.0 million for OG&E.
• OGE Energy has an additional $120.0 million floating rate unsecured three-year credit agreement, of which $60.0 million is a revolving loan.
• Balance of outstanding supporting letters of credit at March 31, 2026: $0.4 million and weighted-average interest rate of those letters of credit: 1.20%.