OGE Energy Corp.
Stock Symbol: OGE
P.O. Box 321
OGE Energy Corp. Industry:
OGE Energy Corp. Description:
OGE Energy is the parent company of Oklahoma Gas and Electric Company (OG&E), a regulated electric utility serving Oklahoma and western Arkansas,and of Enogex Inc., a natural gas pipeline and energy marketing business with principal operations in Oklahoma, Arkansas, and Texas.
OGE Energy Corp. Financial Summary:
OGE is an energy and energy services provider offering physical delivery and management of both electricity and natural gas in the south central United States. For the six months ended 6/30/05, revenues rose 19% to $2.63B. Net income from cont. ops. fell 10% to $43.8M. Results reflect increased natural gas pipeline operating revenues, offset by higher maintenance and depreciation expense.
OGE Energy Corp. Business Summary:
OGE Energy Corp. is an energy and energy services provider that offers physical delivery and management of both electricity and natural gas primarily in the south central United States. The Company conducts these activities through two business segments, the Electric Utility and the Natural Gas Pipeline segments. The Electric Utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E). The operations of the Natural Gas Pipeline segment are conducted through Enogex Inc. and its subsidiaries (Enogex) and consist of three related businesses: the transportation and storage of natural gas; the gathering and processing of natural gas, and the marketing of natural gas. On July 9, 2004, the Company acquired majority ownership interest in the 520-megawatt (MW) McClain Plant.