OG&E 2009 Annual Report Download - page 50

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Cash Flows
Year Ended December 31 (In millions) 2009 2008 2007
Net cash provided from operating activities $ 580.2 $ 206.4 $ 230.1
Net cash used in investing activities (599.5) (839.6) (376.4)
Net cash (used in) provided from financing activities (31.4) 683.9 146.3
The increase of approximately $373.8 million in net cash provided from operating activities in 2009 as compared to 2008 was
primarily due to:
Ÿ higher fuel recoveries in 2009 as compared to 2008;
Ÿ cash received in 2009 from the implementation of the Redbud Facility rider in the third quarter of 2008;
Ÿ cash received in 2009 from the implementation of the Oklahoma rate increase in August 2009; and
Ÿ payments made by the Company in the first quarter of 2008 related to the December 2007 ice storm.
The decrease of approximately $23.7 million in net cash provided from operating activities in 2008 as compared to 2007 was
primarily due to payments made by the Company in the first quarter of 2008 related to the December 2007 ice storm. This decrease in
net cash provided from operating activities was partially offset by:
Ÿ higher fuel recoveries in 2008 as compared to 2007; and
Ÿ higher billed sales in 2008.
The decrease of approximately $240.1 million in net cash used in investing activities in 2009 as compared to 2008 primarily
related to higher levels of capital expenditures in 2008 mostly related to the purchase of the Redbud Facility in September 2008
partially offset by capital expenditures in 2009 related to OU Spirit and the EHV Windspeed transmission line being constructed by
the Company. The increase of approximately $463.2 million in net cash used in investing activities in 2008 as compared to 2007
primarily related to a higher level of capital expenditures mostly related to the purchase of the Redbud Facility in September 2008.
The decrease of approximately $715.3 million in net cash provided from financing activities in 2009 as compared to 2008
was primarily due to:
Ÿ proceeds received from the issuances of $700 million in long-term debt in 2008; and
Ÿ a capital contribution from OGE Energy to fund a portion of the purchase of the Redbud Facility in 2008.
These decreases in net cash provided from financing activities were partially offset by a decrease in short-term debt primarily
due to proceeds received from the issuances of long-term debt which were used to repay short-term borrowings in 2008.
The increase of approximately $537.6 million in net cash provided from financing activities in 2008 as compared to 2007
primarily related to:
Ÿ proceeds received from the issuances of $700 million in long-term debt in 2008; and
Ÿ a capital contribution from OGE Energy to fund a portion of the purchase of the Redbud Facility in 2008.
These increases in net cash provided from financing activities were partially offset by a decrease in short-term debt primarily
due to proceeds received from the issuances of long-term debt which were used to repay short-term borrowings in 2008.
Future Capital Requirements
Pension and Postretirement Benefit Plans
In October 2009, OGE Energy’s qualified defined benefit retirement plan (“Pension Plan”) and OGE Energy’s qualified
defined contribution retirement plan (“401(k) Plan”) were amended, effective December 31, 2009, to offer a one-time irrevocable
election for eligible employees, depending on their hire date, to select a future retirement benefit combination from OGE Energy’s
Pension Plan and OGE Energy’s 401(k) Plan. Also, all employees hired prior to February
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