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1018254_18_item7_p224_s0
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1018254_17_item7_p85_s0
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The Company also utilizes derivative financial instruments to manage interest rate risk and generally designates these financial instruments as cash flow hedges.
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The General Partner also utilizes derivative financial instruments owed by the Operating Partnership to manage interest rate risk and generally designates these financial instruments as cash flow hedges.
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1018254_18_item7_p115_s0
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1018254_17_item7_p87_s1
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Attributable to Common Stockholders 2016 -vs- 2015 Net income attributable to common stockholders was $289.0 million ( $1.08 per diluted share) for the year ended December 31, 2016 as compared to net income of $336.7 million ( $1.29 per diluted share) for the prior year.
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Net income/(loss) attributable to common stockholders was $289.0 million ($1.08 per diluted share) for the year ended December 31, 2016 as compared to net income of $336.7 million ($1.29 per diluted share) for the prior year.
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1018254_18_item7_p110_s1
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1018254_17_item7_p87_s2
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The decrease in net income attributable to common stockholders for the year ended December 31, 2016 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
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1018254_18_item7_p115_s1
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1018254_17_item7_p87_s2
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1018254_18_item7_p227_s1
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1018254_17_item7_p87_s2
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The decrease in net income attributable to common stockholders for the year ended December 31, 2016 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
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The increase in net income attributable to OP unitholders resulted primarily from the following items, which are discussed in further detail elsewhere within this Report:
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1018254_18_item7_p115_s0
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1018254_17_item7_p90_s0
|
2015 -vs- 2014 Net income attributable to common stockholders was $336.7 million ($1.29 per diluted share) for the year ended December 31, 2015 as compared to net income of $150.6 million ($0.59 per diluted share) for the prior year.
|
Net income/(loss) attributable to common stockholders was $289.0 million ($1.08 per diluted share) for the year ended December 31, 2016 as compared to net income of $336.7 million ($1.29 per diluted share) for the prior year.
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1018254_18_item7_p110_s1
|
1018254_17_item7_p90_s1
|
The increase in net income attributable to common stockholders for the year ended December 31, 2015 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
|
The decrease resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
| 2 |
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1018254_18_item7_p115_s1
|
1018254_17_item7_p90_s1
|
The increase in net income attributable to common stockholders for the year ended December 31, 2015 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
|
The decrease resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
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1018254_18_item7_p227_s1
|
1018254_17_item7_p90_s1
|
The increase in net income attributable to common stockholders for the year ended December 31, 2015 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
|
The increase in net income attributable to OP unitholders resulted primarily from the following items, which are discussed in further detail elsewhere within this Report:
| 2 |
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1018254_18_item7_p122_s0
|
1018254_17_item7_p95_s0
|
several income and expense categories as detailed in the reconciliation of NOI to Net income/(loss) attributable to UDR, Inc. below.
|
NOI excludes several income and expense categories as detailed in the reconciliation of NOI to Net income/(loss) attributable to UDR, Inc. below.
| 2 |
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1018254_18_item7_p238_s0
|
1018254_17_item7_p95_s0
|
several income and expense categories as detailed in the reconciliation of NOI to Net income/(loss) attributable to UDR, Inc. below.
|
NOI excludes several income and expense categories as detailed in the reconciliation of NOI to Net income/(loss) attributable to OP unitholders below.
| 2 |
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1018254_18_item7_p127_s0
|
1018254_17_item7_p98_s0
|
Same-Store Communities 2016 -vs- 2015 Our Same-Store Community properties (those acquired, developed, and stabilized prior to January 1, 2015 and held on December 31, 2016 ) consisted of 31,930 apartment homes and provided 76.9% of our total NOI for the year ended December 31, 2016 .
|
Our Same-Store Community properties (those acquired, developed, and stabilized prior to January 1, 2016 and held on December 31, 2017) consisted of 35,471 apartment homes and provided 87.0% of our total NOI for the year ended December 31, 2017.
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1018254_18_item7_p127_s0
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1018254_17_item7_p99_s0
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2015 -vs- 2014 Our Same-Store Community properties (those acquired, developed, and stabilized prior to January 1, 2014 and held on December 31, 2015) consisted of 33,063 apartment homes and provided 76.4% of our total NOI for the year ended December 31, 2015.
|
Our Same-Store Community properties (those acquired, developed, and stabilized prior to January 1, 2016 and held on December 31, 2017) consisted of 35,471 apartment homes and provided 87.0% of our total NOI for the year ended December 31, 2017.
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1018254_18_item7_p16_s0
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1018254_17_item7_p9_s0
|
Investment in Unconsolidated Entities We may enter into various joint venture agreements and/or partnerships with unrelated third parties to hold or develop real estate assets.
|
We may enter into various joint venture agreements and/or partnerships with unrelated third parties to hold or develop real estate assets.
| 2 |
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1018254_18_item7_p185_s0
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1018254_17_item7_p9_s0
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Investment in Unconsolidated Entities We may enter into various joint venture agreements and/or partnerships with unrelated third parties to hold or develop real estate assets.
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We may enter into various joint venture agreements and/or partnerships with unrelated third parties to hold or develop real estate assets.
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1021635_12_item7_p130_s0
|
1021635_11_item7_p118_s0
|
increased gross margin on NGLs retained under POL contracts of $11.4 million.
|
increased gross margin on NGLs retained under percent-of-liquids contracts of $11.4 million.
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1021635_12_item7_p184_s3
|
1021635_11_item7_p218_s3
|
During each of 2010 and 2009, the Company made contributions to its Pension Plan of $50 million to help ensure that the Pension Plan maintains an adequate funded status.
|
During each of 2011 and 2010, OGE Energy made contributions to its Pension Plan of $50 million to help ensure that the Pension Plan maintains an adequate funded status.
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1021635_12_item7_p184_s6
|
1021635_11_item7_p218_s6
|
The Company could be required to make additional contributions if the value of its pension trust and postretirement benefit plan trust assets are adversely impacted by a major market disruption in the future.
|
OGE Energy could be required to make additional contributions if the value of its pension trust and postretirement benefit plan trust assets are adversely impacted by a major market disruption in the future.
| 2 |
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1021635_12_item7_p186_s0
|
1021635_11_item7_p221_s0
|
The Company s dividend policy is reviewed by the Board of Directors at least annually and is based on numerous factors, including management s estimation of the long-term earnings power of its businesses.
|
Common Stock Dividends The Company's dividend policy is reviewed by the Board of Directors at least annually and is based on numerous factors, including management's estimation of the long-term earnings power of its businesses.
| 2 |
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1021635_12_item7_p190_s0
|
1021635_11_item7_p226_s0
|
development of projects, actions by rating agencies, inflation, changes in environmental laws or regulations, rate increases or decreases allowed by regulatory agencies, new legislation and market entry of competing electric power generators.
|
Future financing requirements may be dependent, to varying degrees, upon numerous factors such as general economic conditions, abnormal weather, load growth, commodity prices, levels of drilling activity, acquisitions of other businesses and/or development of projects, actions by rating agencies, inflation, changes in environmental laws or regulations, rate increases or decreases allowed by regulatory agencies, new legislation and market entry of competing electric power generators.
| 2 |
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1021635_12_item7_p21_s4
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1021635_11_item7_p23_s6
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In addition, the SPP regional transmission organization has begun to address the relative lack of transmission lines capable of bringing renewable energy out of the wind resource area in western Oklahoma, the Texas panhandle and western Kansas to load centers by planning for more transmission to be built in the area and, due to the proximity of OG E s service territory and its transmission construction capabilities, OG E expects to benefit by building a substantial portion of this new transmission network.
|
In addition, the SPP regional transmission organization has begun to address the relative lack of transmission lines capable of bringing renewable energy out of the wind resource area in western Oklahoma, the Texas panhandle and western Kansas to load centers by planning for more transmission to be built in the area.
| 2 |
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1021635_12_item7_p199_s0
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1021635_11_item7_p240_s0
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Management expects that cash generated from operations, proceeds from the issuance of long and short-term debt and proceeds from the sales of common stock to the public through the Company s DRIP/DSPP or other offerings will be adequate over the next three years to meet anticipated cash needs and to fund future growth opportunities.
|
Management expects that cash generated from operations, proceeds from the issuance of long and short-term debt and proceeds from the sales of common stock to the public through the Company's Automatic Dividend Reinvestment and Stock Purchase Plan or other offerings will be adequate over the next three years to meet anticipated cash needs and to fund future growth opportunities.
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1021635_12_item7_p202_s2
|
1021635_11_item7_p244_s0
|
At December 31, 2010, the Company had $2.3 million in cash and cash equivalents.
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At December 31, 2011 , the Company had $4.6 million in cash and cash equivalents.
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1021635_12_item7_p203_s2
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1021635_11_item7_p244_s1
|
See Note 11 of Notes to Consolidated Financial Statements for a discussion of the Company s short-term debt activity.
|
See Note 11 of Notes to Consolidated Financial Statements for a discussion of the Company's common stock activity.
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1021635_12_item7_p202_s3
|
1021635_11_item7_p246_s1
|
See Note 9 of Notes to Consolidated Financial Statements for a discussion of the Company s common stock activity.
|
See Note 13 of Notes to Consolidated Financial Statements for a discussion of the Company's short-term debt activity.
| 2 |
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1021635_12_item7_p204_s0
|
1021635_11_item7_p247_s0
|
As discussed in Note 2 of Notes to Consolidated Financial Statements, pursuant to the Enogex Holdings LLC Agreement, Enogex Holdings will make minimum quarterly distributions equal to the amount of cash required to cover the members respective anticipated tax liabilities plus $12.5 million, to be distributed in proportion to each member s percentage ownership interest.
|
Pursuant to the Enogex Holdings LLC Agreement, Enogex Holdings will make minimum quarterly distributions equal to the amount of cash required to cover OGE Energy's anticipated tax liabilities plus $12.5 million , to be distributed in proportion to each member's percentage ownership interest.
| 2 |
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1021635_12_item7_p205_s3
|
1021635_11_item7_p249_s0
|
used in order to minimize the negative financial impact to the Company that could result if actual results vary from the assumptions and estimates.
|
However, the Company believes it has taken reasonable, but conservative, positions where assumptions and estimates are used in order to minimize the negative financial impact to the Company that could result if actual results vary from the assumptions and estimates.
| 2 |
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1021635_12_item7_p220_s0
|
1021635_11_item7_p257_s0
|
The Company has previously recorded AROs that are being amortized over their respective lives ranging from 20 to 99 years.
|
The Company has previously recorded asset retirement obligations that are being amortized over their respective lives ranging from 20 to 99 years.
| 2 |
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1021635_12_item7_p220_s3
|
1021635_11_item7_p257_s1
|
The Company also has certain AROs that have not been recorded because the Company determined that these assets, primarily related to Enogex s processing plants and compression sites and OG E s power plant sites, have indefinite lives.
|
The Company also has certain asset retirement obligations that have not been recorded because the Company determined that these assets, primarily related to Enogex's processing plants and compression sites and OG E's power plant sites, have indefinite lives.
| 2 |
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1021635_12_item7_p229_s0
|
1021635_11_item7_p267_s0
|
The allowance for uncollectible accounts receivable is calculated by multiplying the last six months of electric revenue by the provision rate.
|
The allowance for uncollectible accounts receivable for OG E is calculated by multiplying the last six months of electric revenue by the provision rate.
| 2 |
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1021635_12_item7_p233_s4
|
1021635_11_item7_p271_s1
|
The estimates are reversed in the following month and customers are billed on actual volumes and contracted prices.
|
These amounts are reversed in the following month and the customers are billed on actual production and contracted prices.
| 2 |
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1021635_12_item7_p233_s1
|
1021635_11_item7_p271_s4
|
These amounts are reversed in the following month and the customers are billed on actual production and contracted prices.
|
The estimates are reversed in the following month and customers are billed on actual volumes and contracted prices.
| 2 |
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1021635_12_item7_p236_s0
|
1021635_11_item7_p274_s0
|
The Company records deferred revenue when it receives consideration from a third party before achieving certain criteria that must be met for revenue to be recognized in accordance with GAAP.
|
Enogex records deferred revenue when it receives consideration from a third party before achieving certain criteria that must be met for revenue to be recognized in accordance with GAAP.
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1021635_12_item7_p242_s0
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1021635_11_item7_p275_s1
|
Contracts utilized in these activities generally include purchases and sales for physical delivery of natural gas, over-the-counter forward swap and option contracts and exchange traded futures and options.
|
OER utilizes energy purchases and sales for physical delivery of natural gas and financial instruments including over-the-counter forward swap and option contracts and exchange traded futures and options.
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1021635_12_item7_p238_s1
|
1021635_11_item7_p279_s0
|
OER utilizes energy purchases and sales for physical delivery of natural gas and financial instruments including over-the-counter forward swap and option contracts and exchange traded futures and options.
|
Contracts utilized in these activities generally include purchases and sales for physical delivery of natural gas, over-the-counter forward swap and option contracts and exchange traded futures and options.
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1021635_12_item7_p254_s0
|
1021635_11_item7_p286_s0
|
The allowance for uncollectible accounts receivable is calculated based on outstanding accounts receivable balances over 180 days old.
|
The allowance for uncollectible accounts receivable for Enogex is calculated based on outstanding accounts receivable balances over 180 days old.
| 2 |
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1021635_12_item7_p255_s1
|
1021635_11_item7_p287_s1
|
The aggregate allowance for uncollectible accounts receivable for the transportation and storage, gathering and processing and marketing segments was $0.3 million and $0.7 million at December 31, 2010 and 2009, respectively.
|
The aggregate allowance for uncollectible accounts receivable for Enogex's transportation and storage, gathering and processing and marketing segments was less than $0.1 million and $0.3 million at December 31, 2011 and 2010 , respectively.
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1021635_12_item7_p264_s1
|
1021635_11_item7_p294_s0
|
generating units, natural gas processing plants and compressor stations, and also impose various monitoring and reporting requirements.
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These laws and regulations regulate emissions of air pollutants from various industrial sources, including electric generating units, natural gas processing plants and compressor stations, and also impose various monitoring and reporting requirements.
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1021635_12_item7_p296_s0
|
1021635_11_item7_p317_s4
|
OG E already reports quarterly its carbon dioxide emissions from generating units subject to the Federal Acid Rain Program and is continuing to evaluate various options for reducing, avoiding, offsetting or sequestering its carbon dioxide emissions.
|
OG E is continuing to evaluate various options for reducing, avoiding, offsetting or sequestering its carbon dioxide emissions.
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1021635_12_item7_p295_s4
|
1021635_11_item7_p319_s3
|
Although the Company is not a defendant in any of these proceedings, additional litigation in Federal and state courts over these issues is possible.
|
Although OG E is not a defendant in any of these proceedings, additional litigation in Federal and state courts over climate change issues is continuing.
| 2 |
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1021635_12_item7_p298_s2
|
1021635_11_item7_p325_s2
|
If such species are located in an area in which the Company conducts operations, or if additional species in those areas, such as the lesser prairie chicken, become subject to protection, the Company s operations and development projects, particularly transmission projects, wind projects or pipeline operations, could be restricted or delayed, or the Company could be required to implement expensive mit igation measures.
|
If such species are located in an area in which the Company conducts operations, or if additional species in those areas, such as the lesser prairie chicken, become subject to protection, the Company s operations and development projects, particularly transmission projects, wind projects or pipeline operations, could be restricted or delayed, or the Company could be required to implement expensive mitigation measures.
| 2 |
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1021635_12_item7_p33_s2
|
1021635_11_item7_p32_s3
|
The capital expenditures associated with this project were $12 million.
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The total capital expenditures associated with this project were $140 million.
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1021635_12_item7_p33_s2
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1021635_11_item7_p33_s1
|
The capital expenditures associated with this project were $14 million.
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1021635_12_item7_p33_s2
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1021635_11_item7_p34_s3
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The capital expenditures associated with this project were $19 million.
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1021635_12_item7_p36_s1
|
1021635_11_item7_p39_s1
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The expansion is planned to occur in phases, with the initial phase calling for the installation of 35,000 horsepower of low pressure compression and over 120 miles of gathering pipe across three counties in western Oklahoma.
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These expansions are planned to occur in phases, with the initial phase calling for the installation of 47,980 horsepower of low pressure compression and over 300 miles of gathering pipe across the area.
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1021635_12_item7_p73_s3
|
1021635_11_item7_p64_s3
|
Purchased p ower costs were $226.5 million in 2010 as compared to $176.6 million in 2009, an increase of $49.9 million, or 28.3 percent, primarily due to an increase in purchases in the energy imbalance service market to meet OG E s generation load requirements and an increase in short-term power agreements resulting in short-term spot market purchases.
|
Purchased power costs were $226.5 million in 2010 as compared to $176.6 million in 2009, an increase of $49.9 million, or 28.3 percent, primarily due to an increase in purchases in the energy imbalance service market to meet OG E's generation load requirements and an increase in short-term power agreements resulting in short-term spot market purchases.
| 2 |
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1021635_12_item7_p78_s1
|
1021635_11_item7_p71_s0
|
AEFUDC was $11.4 million in 2010 as compared to $15.1 million in 2009, a decrease of $3.7 million, or 24.5 percent, primarily due to the completion of OU Spirit in November and December 2009 and Windspeed on March 31, 2010.
|
Allowance for equity funds used during construction was $11.4 million in 2010 as compared to $15.1 million in 2009, a decrease of $3.7 million, or 24.5 percent, primarily due to the completion of OU Spirit in November and December 2009 and Windspeed on March 31, 2010.
| 2 |
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1021635_12_item7_p80_s0
|
1021635_11_item7_p73_s0
|
a decrease of $2.6 million related to the benefit associated with the tax gross-up of AEFUDC.
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a decrease of $2.6 million related to the benefit associated with the tax gross-up of allowance for equity funds used during construction.
| 2 |
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1021635_12_item7_p60_s1
|
1021635_11_item7_p86_s1
|
The decrease in other operation and maintenance expenses was primarily due to:
|
The increase in other operation and maintenance expenses was primarily due to:
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1021635_12_item7_p74_s1
|
1021635_11_item7_p86_s1
|
The decrease in other operation and maintenance expenses was primarily due to:
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The increase in other operation and maintenance expenses was primarily due to:
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1021635_13_item7_p101_s0
|
1021635_12_item7_p102_s0
|
These increases in the gathering and processing gross margin were partially offset by:
|
These increase s in the natural gas gathering and processing gross margin were partially offset by:
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1021635_13_item7_p127_s0
|
1021635_12_item7_p102_s0
|
These increases in the gathering and processing gross margin were partially offset by:
|
These increase s in the natural gas gathering and processing gross margin were partially offset by:
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1021635_13_item7_p129_s0
|
1021635_12_item7_p104_s0
|
Other operation and maintenance expense for the gathering and processing business was $20.3 million , or 22.2 percent , higher in 2011 as compared to 2010 primarily due to:
|
Other operation and maintenance expense for the natural gas gathering and processing business was $20.3 million , or 22.2 percent , higher in 2011 as compared to 2010 primarily due to:
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1021635_13_item7_p120_s0
|
1021635_12_item7_p124_s0
|
These decreases in the transportation and storage gross margin were partially offset by:
|
These decrease s in the natural gas transportation and storage gross margin were partially offset by:
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1021635_13_item7_p94_s0
|
1021635_12_item7_p124_s0
|
These decreases in the transportation and storage gross margin were partially offset by:
|
These decrease s in the natural gas transportation and storage gross margin were partially offset by:
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1021635_13_item7_p101_s0
|
1021635_12_item7_p133_s0
|
These increases in the gathering and processing gross margin were partially offset by:
|
These increase s in the natural gas gathering and processing gross margin were partially offset by:
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1021635_13_item7_p127_s0
|
1021635_12_item7_p133_s0
|
These increases in the gathering and processing gross margin were partially offset by:
|
These increase s in the natural gas gathering and processing gross margin were partially offset by:
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1021635_13_item7_p151_s0
|
1021635_12_item7_p161_s0
|
The increase of $128.0 million , or 19.6 percent , in net cash provided from operating activities in 2010 as compared to 2009 was primarily due to :
|
The increase of $212.2 million , or 25.4 percent , in net cash provided from operating activities in 2012 as compared to 2011 was primarily due to :
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1021635_13_item7_p156_s0
|
1021635_12_item7_p168_s0
|
The decrease of $29.9 million , or 79.3 percent , in net cash provided from financing activities in 2010 as compared to 2009 was primarily due to:
|
The decrease of $420.5 million , or 74.5 percent , in net cash provided from financing activities in 2012 as compared to 2011 was primarily due to:
| 2 |
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1021635_13_item7_p169_s1
|
1021635_12_item7_p176_s0
|
The SO2 emissions standards in the EPA's Federal implementation plan could require the installation of Dry Scrubbers or fuel switching.
|
The SO2 emissions standards in the EPA's FIP could require the installation of Dry Scrubbers or fuel switching.
| 2 |
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1021635_13_item7_p170_s0
|
1021635_12_item7_p177_s0
|
The Federal implementation plan is being challenged by OG E and the state of Oklahoma.
|
The FIP is being challenged by OG E and the state of Oklahoma.
| 2 |
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1021635_13_item7_p171_s0
|
1021635_12_item7_p177_s1
|
Neither the outcome of the challenge to the Federal implementation plan nor the timing and amount of any required capital expenditures can be predicted with any certainty at this time, but such capital expenditures could be significant.
|
Neither the outcome of the challenge to the FIP nor the timing of any required capital expenditures can be predicted with any certainty at this time, but such capital expenditures could be significant.
| 2 |
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1021635_13_item7_p183_s0
|
1021635_12_item7_p184_s6
|
OGE Energy could be required to make additional contributions if the value of its pension trust and postretirement benefit plan trust assets are adversely impacted by a major market disruption in the future.
|
if the value of its pension trust and postretirement benefit plan trust assets are adversely impacted by a major market disruption in the future.
| 2 |
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1021635_13_item7_p194_s0
|
1021635_12_item7_p196_s0
|
Derivative instruments are utilized in managing the Company's commodity price exposures and in OER's asset management, marketing and trading activities and hedging activities executed on behalf of the Company.
|
Derivative instruments are utilized in managing the Company's commodity price exposures and in Enogex's asset management and hedging activities executed on behalf of the Company.
| 2 |
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1021635_13_item7_p196_s3
|
1021635_12_item7_p198_s3
|
Further, although the Company may qualify for certain exemptions, its derivative counterparties may be subject to new capital, margin and business conduct requirements imposed as a result of the new legislation, which may increase the Company's transaction costs or make it more difficult to enter into hedging transactions on favorable terms.
|
Further, even if the Company qualifies for the end-user exception to clearing and margin requirements are not imposed on end-users, its derivative counterparties may be subject to new capital, margin and business conduct requirements as a result of the new regulations, which may increase the Company's transaction costs or make it more difficult to enter into derivative transactions on favorable terms.
| 2 |
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1021635_13_item7_p196_s4
|
1021635_12_item7_p198_s4
|
The Company's inability to enter into hedging transactions on favorable terms, or at all, could increase operating expenses and put the Company at increased exposure to risks of adverse changes in commodities prices.
|
The Company's inability to enter into derivative transactions on favorable terms, or at all, could increase operating expenses and put the Company at increased exposure to risks of adverse changes in commodities prices.
| 2 |
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1021635_13_item7_p296_s0
|
1021635_12_item7_p19_s3
|
This could result in significant changes to the Company's operations, significant capital expenditures by the Company and a significant increase in the Company's cost of conducting business.
|
on the Company's existing facilities, they ultimately could result in significant changes to the Company's operations, significant capital expenditures by the Company and a significant increase in the Company's cost of conducting business.
| 2 |
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1021635_13_item7_p200_s2
|
1021635_12_item7_p202_s2
|
At December 31, 2011 , the Company had $4.6 million in cash and cash equivalents.
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At December 31, 2012 , the Company had $1.8 million in cash and cash equivalents.
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1021635_13_item7_p205_s0
|
1021635_12_item7_p206_s0
|
in the valuation of operating revenues, natural gas purchases, purchase and sale contracts, assets and depreciable lives of property, plant and equipment and amortization methodologies related to intangible assets.
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1021635_13_item7_p234_s4
|
1021635_12_item7_p233_s1
|
The estimates are reversed in the following month and customers are billed on actual volumes and contracted prices.
|
These amounts are reversed in the following month and the customers are billed on actual production and contracted prices.
| 2 |
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1021635_13_item7_p234_s1
|
1021635_12_item7_p233_s4
|
These amounts are reversed in the following month and the customers are billed on actual production and contracted prices.
|
The estimates are reversed in the following month and customers are billed on actual volumes and contracted prices.
| 2 |
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1021635_13_item7_p243_s2
|
1021635_12_item7_p242_s2
|
OER's portfolio is marked to estimated fair market value on a daily basis.
|
Enogex's portfolio is marked to estimated fair market value on a daily basis.
| 2 |
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1021635_13_item7_p244_s0
|
1021635_12_item7_p243_s0
|
In nearly all cases, independent market prices are obtained and compared to the values used in determining the fair value, and an oversight group outside of the marketing organization monitors all modeling methodologies and assumptions.
|
In nearly all cases, independent market prices are obtained and compared to the values used in determining the fair value.
| 2 |
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1021635_13_item7_p245_s1
|
1021635_12_item7_p245_s1
|
At December 31, 2011 , unrealized mark-to-market gains were $2.9 million , none of which were calculated utilizing models.
|
At December 31, 2012 , unrealized mark-to-market losses were $0.2 million , none of which were calculated utilizing models.
| 2 |
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1021635_13_item7_p254_s0
|
1021635_12_item7_p253_s0
|
As part of its recurring marketing activity, OER injects and withdraws natural gas into and out of inventory under the terms of its storage capacity contracts.
|
As part of its asset management activity, Enogex injects and withdraws natural gas into and out of inventory under the terms of its storage capacity contracts.
| 2 |
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1021635_13_item7_p265_s0
|
1021635_12_item7_p259_s0
|
OG E and Enogex believe that their operations are in substantial compliance with current Federal, state and local environmental standards.
|
The Company's management believes that all of its operations are in substantial compliance with current Federal, state and local environmental standards.
| 2 |
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1021635_13_item7_p262_s0
|
1021635_12_item7_p260_s2
|
The Company believes, however, that it is reasonably likely that the trend in environmental legislation and regulations will continue towards more restrictive standards.
|
that it is reasonably likely that the trend in environmental legislation and regulations will continue towards more restrictive standards.
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1021635_13_item7_p260_s0
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1021635_12_item7_p263_s1
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The Company's management believes that all of its operations are in substantial compliance with current Federal, state and local environmental standards.
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OG E and Enogex believe that their operations are in substantial compliance with current Federal, state and local environmental standards.
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1021635_13_item7_p268_s1
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1021635_12_item7_p266_s1
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These regulations are intended to protect visibility in certain national parks and wilderness areas throughout the United States.
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The regional haze rule is intended to protect visibility in certain national parks and wilderness areas throughout the United States.
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1021635_13_item7_p293_s1
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1021635_12_item7_p290_s2
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The U.S. Congress has not passed legislation to reduce emissions of greenhouse gases and the future prospects for any such legislation are uncertain.
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1021635_13_item7_p295_s3
|
1021635_12_item7_p294_s2
|
Such sources may have to install best available control technology to control greenhouse gas emissions pursuant to this rule.
|
Such sources that undergo construction or modification may have to install best available control technology to control greenhouse gas emissions.
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1021635_13_item7_p298_s2
|
1021635_12_item7_p296_s1
|
OG E is a partner in the EPA Sulfur Hexafluoride Voluntary Reduction Program , and Enogex is a partner in the EPA Natural Gas STAR Program, a voluntary program to reduce methane emissions.
|
Enogex is a partner in the EPA Natural Gas STAR Program, a voluntary program to reduce methane emissions.
| 2 |
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1021635_13_item7_p300_s2
|
1021635_12_item7_p298_s2
|
If such species are located in an area in which the Company conducts operations, or if additional species in those areas, such as the lesser prairie chicken, become subject to protection, the Company s operations and development projects, particularly transmission projects, wind projects or pipeline operations, could be restricted or delayed, or the Company could be required to implement expensive mitigation measures.
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If such species are located in an area in which the Company conducts operations, or if additional species in those areas become subject to protection, the Company s operations and development projects, particularly transmission, wind or pipeline projects, could be restricted or delayed, or the Company could be required to implement expensive mitigation measures.
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1021635_12_item7_p302_s3
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The EPA continues to consider numerous comments received on the proposal and has stated that it plans to issue a final rule regarding the regulation of coal ash in late 2012.
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The EPA continues to consider numerous comments received on the proposal and has stated that no definitive timetable for issuing a final rule regarding the regulation of coal ash can be provided.
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1021635_13_item7_p306_s0
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1021635_12_item7_p303_s0
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OG E has sought and will continue to seek pollution prevention opportunities and to evaluate the effectiveness of its waste reduction, reuse and recycling efforts.
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1021635_13_item7_p24_s3
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1021635_12_item7_p33_s2
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1021635_13_item7_p25_s4
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1021635_12_item7_p33_s2
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1021635_13_item7_p24_s3
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1021635_12_item7_p35_s2
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1021635_13_item7_p25_s4
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1021635_12_item7_p35_s2
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1021635_13_item7_p24_s3
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1021635_12_item7_p37_s3
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1021635_13_item7_p25_s4
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1021635_12_item7_p37_s3
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1021635_13_item7_p37_s6
|
1021635_12_item7_p38_s4
|
Enogex believes that the transactions will provide Enogex with key new opportunities in the Granite Wash area.
|
T he Company believes that the acquisition transactions will provide Enogex with key new opportunities in the greater Granite Wash area.
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1021635_13_item7_p47_s0
|
1021635_12_item7_p44_s0
|
Key factors affecting the gathering and processing gross margin forecast are:
|
Key factors affecting the natural gas gathering and processing gross margin forecast are:
| 2 |
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1021635_13_item7_p48_s0
|
1021635_12_item7_p45_s0
|
At the midpoint of Enogex's gathering and processing assumption Enogex has assumed:
|
At the midpoint of Enogex's natural gas gathering and processing assumption Enogex has assumed:
| 2 |
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1021635_13_item7_p6_s2
|
1021635_12_item7_p5_s2
|
At December 31, 2011 , the Company indirectly owns an 81.3 percent membership interest in Enogex Holdings , which in turn owns all of the membership interests in Enogex LLC .
|
At December 31, 2012 , OGE Energy indirectly owns a 79.9 percent membership interest in Enogex Holdings , which in turn owns all of the membership interests in Enogex LLC .
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1021635_13_item7_p82_s2
|
1021635_12_item7_p65_s4
|
This increase in interest expense was partially offset by:
|
This increase in income tax expense was partially offset by:
| 2 |
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1021635_13_item7_p124_s2
|
1021635_12_item7_p87_s1
|
This decrease was primarily due to higher other operation and maintenance expense, higher depreciation and amortization expense, lower average natural gas prices and a slight decrease in inlet processing volumes related to the 120 MMcf/d Cox City natural gas processing plant being out of service due to the fire from December 2010 until September 2011 and the sale of the Harrah processing plant and the associated Wellston and Davenport gathering assets in April 2011.
|
The increased gathering volumes were partially offset by the contract conversion of one of Enogex's five largest customer's Oklahoma production volumes to fixed fee effective July 1, 2011, a slight decrease in inlet processing volumes related to the 120 MMcf/d Cox City natural gas processing plant being out of service due to the fire from December 2010 until September 2011, the sale of the Harrah processing plant and the associated Wellston and Davenport gathering assets in April 2011 and lower average natural gas prices.
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1021635_13_item7_p122_s0
|
1021635_12_item7_p96_s0
|
Other operation and maintenance expense for the transportation and storage business was $2.4 million , or 4.9 percent , lower in 2011 as compared to 2010 primarily due to decreased contract technical and professional services expense and materials and supplies expense due to a decrease in non-capital projects in 2011 partially offset by an increase in payroll and benefits costs due to increased headcount to support business growth.
|
Other operation and maintenance expense for the natural gas transportation and storage business was $3.1 million , or 5.8 percent , lower in 2011 as compared to 2010 primarily due to decreased contract technical and professional services expense and materials and supplies expense due to a decrease in non-capital projects in 2011 partially offset by an increase in payroll and benefits costs due to increased headcount to support business growth.
| 2 |
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1021635_13_item7_p96_s0
|
1021635_12_item7_p96_s0
|
Other operation and maintenance expense for the transportation and storage business was $2.4 million , or 4.9 percent , lower in 2011 as compared to 2010 primarily due to decreased contract technical and professional services expense and materials and supplies expense due to a decrease in non-capital projects in 2011 partially offset by an increase in payroll and benefits costs due to increased headcount to support business growth.
|
Other operation and maintenance expense for the natural gas transportation and storage business was $0.9 million , or 1.8 percent , lower during 2012 as compared to 2011 primarily due to lower contract technical and professional services expense and materials and supplies expense due to a decrease in non-capital projects during 2012 partially offset by increased payroll and benefits costs due to increased headcount to support business growth .
| 2 |
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1021635_14_item7_p99_s0
|
1021635_13_item7_p159_s0
|
The increase of $556.4 million in net cash provided from financing activities in 2011 as compared to 2010 was primarily due to:
|
The increase of $195.1 million in net cash provided from financing activities in 2013 as compared to 2012 was primarily due to:
| 2 |
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