OG&E 2013 Annual Report Download - page 16

Download and view the complete annual report

Please find page 16 of the 2013 OG&E annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 86

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86

Glossary of Terms
The following is a glossary of frequently used abbreviations that are
found throughout this Form 10-K.
Abbreviation Definition
401(k) Plan Qualified defined contribution retirement plan
APSC Arkansas Public Service Commission
ArcLight group Bronco Midstream Holdings, LLC, Bronco
Midstream Holdings II, LLC, collectively
ASC Financial Accounting Standards Board
Accounting Standards Codification
Atoka Atoka Midstream LLC joint venture
BART Best available retrofit technology
CenterPoint CenterPoint Energy Resources Corp., wholly-
owned Subsidiary of CenterPoint Energy, Inc.
Code Internal Revenue Code of 1986
Company OGE Energy Corp, collectively with its
subsidiaries and Enable Midstream Partners
DOJ U.S. Department of Justice
Dry Scrubbers Dry flue gas desulfurization units with spray
dryer absorber
Enable Enable Midstream Partners, LP, partnership
between OGE Energy, the ArcLight Group and
CenterPoint Energy, Inc. formed to own and
operate the midstream businesses of OGE Energy
and CenterPoint
Enogex Holdings Enogex Holdings LLC, the parent company of
Enogex LLC and a majority-owned subsidiary
of OGE Holdings, LLC (prior to May 1, 2013)
Enogex, LLC Enogex, LLC collectively with its subsidiaries
(effective June 30, 2013, the name was changed
to Enable Oklahoma Intrastate Transmission, LLC)
EPA U.S. Environmental Protection Agency
Federal Clean Water Act Federal Water Pollution Control Act of 1972,
as amended
FERC Federal Energy Regulatory Commission
FIP Federal implementation plan
GAAP Accounting principles generally accepted in the
United States
Abbreviation Definition
MATS Mercury and Air Toxics Standards
MMBtu Million British thermal unit
MMcf/d Million cubic feet per day
MRT CenterPoint Energy – Mississippi River Transmission,
LLC, a Delaware limited liability company
MW Megawatt
MWH Megawatt-hour
NAAQS National Ambient Air Quality Standards
NGLs Natural gas liquids
NOX Nitrogen oxide
NYMEX New York Mercantile Exchange
OCC Oklahoma Corporation Commission
Off-system sales Sales to other utilities and power marketers
OG&E Oklahoma Gas and Electric Company, wholly-
owned subsidiary of OGE Energy Corp
OGE Holdings OGE Enogex Holdings, LLC, wholly-owned
subsidiary of OGE Energy Corp, parent company
of Enogex Holdings (prior to May 1, 2013) and
28.5 percent owner of Enable Midstream Partners
OSHA Federal Occupational Safety and Health Act of 1970
Pension Plan Qualified defined benefit retirement plan
PRM Price risk management
PUD Staff Public Utility Division Staff of the Oklahoma
Corporation Commission
QF Qualified cogeneration facilities
QF contracts Contracts with QFs and small power production
producers
Restoration of Supplemental retirement plan to the Pension Plan
Retirement Income Plan
SIP State implementation plan
SO2 Sulfur dioxide
SPP Southwest Power Pool
System sales Sales to OG&E’s customers
TBtu/d Trillion British thermal units per day
MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
10 OGE Energy Corp.
Forward-Looking Statements
Except for the historical statements contained herein, the matters
discussed in this Annual Report, including those matters discussed
in “Management’s Discussion and Analysis of Financial Condition and
Results of Operations,” are forward-looking statements that are subject
to certain risks, uncertainties and assumptions. Such forward-looking
statements are intended to be identified in this document by the words
“anticipate”, “believe”, “estimate”, “expect”, “intend”, “objective”, “plan”,
“possible”, “potential”, “project” and similar expressions. Actual results
may vary materially from those expressed in forward-looking statements.
In addition to the specific risk factors discussed in “Management’s
Discussion and Analysis of Financial Condition and Results of Operations”
herein, factors that could cause actual results to differ materially from
the forward-looking statements include, but are not limited to:
•General economic conditions, including the availability of credit, access
to existing lines of credit, access to the commercial paper markets,
actions of rating agencies and their impact on capital expenditures;
•The ability of the Company and its subsidiaries to access the capital
markets and obtain financing on favorable terms as well as inflation
rates and monetary fluctuations;
•Prices and availability of electricity, coal, natural gas and NGLs;
•The timing and extent of changes in commodity prices, particularly
natural gas and NGLs, the competitive effects of the available pipeline
capacity in the regions Enable serves, and the effects of geographic
and seasonal commodity price differentials, including the effects of
these circumstances on re-contracting available capacity on Enable’s
interstate pipelines;