Oklahoma Gas & Electric

OGE Energy Corp. (OGE)
Public
Traded as NYSE: OGE
S&P 400 Component
Industry Energy, Natural Gas, Private utility
Founded 1902[1]
Headquarters Oklahoma City, Oklahoma, United States
Key people
 [Sean Trauschke], President, Chairman of the Board & CEO
Keith Mitchell, COO
Stephen Merrill, CFO
Products Electricity, Natural Gas
Increase $387.60 million USD (2013)
Number of employees
 Increase 3,269 (2013) [2]
Website www.oge.com

Oklahoma Gas & Electric Company (branded as OG+E or "O-G-and-E") is a regulated electric utility company that serves over 750,000 customers in Oklahoma and Arkansas. It is the leading subsidiary of OGE Energy Corp. (NYSE: OGE), with headquarters in downtown Oklahoma City. OGE Energy is also the parent of Enogex Inc., a natural gas pipeline business. OGE Energy and its subsidiaries have about 3,100 employees.

History

OG&E was founded in 1902, five years before Oklahoma became a state. It merged with Enogex in 1986. In 1997, OG&E reorganized as a holding company, OGE Energy, with OG&E and Enogex as its operating companies.

OG&E

OG&E Electric Services serves more than 801,000 customers in central and western Oklahoma and western Arkansas,[3] and a number of wholesale customers throughout the region. OG&E, with nine power plants capable of producing about 6,100 megawatts, generates about 70% of its electricity from low-sulfur Wyoming coal and 30 percent from natural gas.

OG&E also has roughly 170 megawatts of wind power. Under the plan announced on October 29, 2007, President and CEO Peter Delaney announced that wind power could be increased to about 770 MW.[4]

OG&E is the largest electric utility in the state of Oklahoma.[4] The company delivers all of its electricity across an interconnected transmission and distribution system spanning 30,000 square miles (78,000 km2).

OG&E was the first electric company in Oklahoma to offer wind power as a choice to its retail customers in 2003.[5] If one selects "wind power," he gets the same electricity he was getting before, but pays a higher price for it.

In December 2016, OG&E announced that it gave out $7.5 million in "energy efficiency incentives to businesses, schools and government buildings in 2016."[6] A total of 750 organizations benefited from the project. Secondary schools received around $650,000; universities received around $365,000. In one school district, 1 million kWh were cut down through energy-saving projects.[6]

Enogex

Enogex is engaged in natural gas gathering, processing, transportation, storage and marketing. Enogex operates a natural gas pipeline system with about 8,000 miles (13,000 km) of pipe, six processing plants, and 23 billion cubic feet (650×10^6 m3) of gas storage capacity, principally in Oklahoma. In 2013, it was decided that Enogex would be merged with a portion of CenterPoint Energy's operations in a limited partnership to be called Enable Midstream Partners.[7]

OGE Energy Resources

OGE Energy Resources conducts the company's energy marketing and related activities. Operating in the national commodities markets for electricity and natural gas, Energy Resources' primary role is to optimize the generation, transmission and pipeline assets of OGE Energy.

References

  1. ↑ "OG&E - About Us". OGE Eneregy. Retrieved 2007-05-25.
  2. ↑ "OG&E - About Us". OGE Energy. Archived from the original on 2007-05-24. Retrieved 2007-05-25.
  3. ↑ http://www.oge.com/about/OurCompanies/Pages/OurCompanies.aspx
  4. 1 2 NewsOK.com Article
  5. ↑ "OG&E, A History of Positive Energy"
  6. 1 2 "Schools, businesses receive $7.5 mln in energy efficiency incentives from Oklahoma Gas & Electric". Daily Energy Insider. 21 December 2016. Retrieved 21 December 2016.
  7. ↑ "CenterPoint Energy, OGE Energy Corp. Announce Senior Operations Leadership". Enable Midstream Partners. Retrieved 2014-07-24.
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