|Traded as|| NYSE: OGE |
S&P 400 Component
|Industry||Energy, Natural Gas, Private utility|
|[Sean Trauschke], President, Chairman of the Board & CEO|
Keith Mitchell, COO
Stephen Merrill, CFO
|Products||Electricity, Natural Gas|
Number of employees
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.
Oklahoma is a state in the South Central region of the United States, bordered by Kansas on the north, Missouri on the northeast, Arkansas on the east, Texas on the south, New Mexico on the west, and Colorado on the northwest. It is the 20th-most extensive and the 28th-most populous of the fifty United States. The state's name is derived from the Choctaw words okla and humma, meaning "red people". It is also known informally by its nickname, "The Sooner State", in reference to the non-Native settlers who staked their claims on land before the official opening date of lands in the western Oklahoma Territory or before the Indian Appropriations Act of 1889, which dramatically increased European-American settlement in the eastern Indian Territory. Oklahoma Territory and Indian Territory were merged into the State of Oklahoma when it became the 46th state to enter the union on November 16, 1907. Its residents are known as Oklahomans, and its capital and largest city is Oklahoma City.
Arkansas is a state in the southern region of the United States, home to over 3 million people as of 2018. Its name is of Siouan derivation from the language of the Osage denoting their related kin, the Quapaw Indians. The state's diverse geography ranges from the mountainous regions of the Ozark and the Ouachita Mountains, which make up the U.S. Interior Highlands, to the densely forested land in the south known as the Arkansas Timberlands, to the eastern lowlands along the Mississippi River and the Arkansas Delta.
The New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978.
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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 Electric Services serves more than 801,000 customers in central and western Oklahoma and western Arkansas,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.
Wyoming is a state in the mountain region of the western United States. The state is the 10th largest by area, the least populous, and the second most sparsely populated state in the country. Wyoming is bordered on the north by Montana, on the east by South Dakota and Nebraska, on the south by Colorado, on the southwest by Utah, and on the west by Idaho and Montana. The state population was estimated at 577,737 in 2018, which is less than 31 of the most populous U.S. cities including Denver in neighboring Colorado. Cheyenne is the state capital and the most populous city, with an estimated population of 63,624 in 2017.
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements; chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed if dead plant matter decays into peat and over millions of years the heat and pressure of deep burial converts the peat into coal. Vast deposits of coal originates in former wetlands—called coal forests—that covered much of the Earth's tropical land areas during the late Carboniferous (Pennsylvanian) and Permian times.
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.
Wind power is the use of air flow through wind turbines to provide the mechanical power to turn electric generators and traditionally to do other work, like milling or pumping. Wind power, as an alternative to burning fossil fuels, is plentiful, renewable, widely distributed, clean, produces no greenhouse gas emissions during operation, consumes no water, and uses little land. The net effects on the environment are far less problematic than those of fossil fuel sources.
OG&E is the largest electric utility in the state of Oklahoma. 30,000 square miles (78,000 km2).The company delivers all of its electricity across an interconnected transmission and distribution system spanning
OG&E was the first electric company in Oklahoma to offer wind power as a choice to its retail customers in 2003.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."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.
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 (650×106 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.
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.
Southern Company is an American gas and electric utility holding company based in the southern United States. It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama. The company is currently the second largest utility company in the U.S., in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in nine states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territory with 27,000 miles (43,000 km) of distribution lines.
Emera Incorporated is a publicly traded energy utility company. As of 2017, it had revenues of $6.2 billion, and assets of $30 billion. Based in Halifax, Nova Scotia, Canada, Emera's President and CEO is Scott Balfour. The company invests in electricity generation, transmission and distribution, and gas transmission and utility energy services. As of 2018 the Emera group of companies had approximately 7,400 employees.
Puget Sound Energy (PSE) is a Washington state energy utility providing electrical power and natural gas primarily in the Puget Sound region of the northwest United States. The utility serves electricity to more than 1.1 million customers in Island, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and Whatcom counties; and provides natural gas to 750,000 customers in King, Kittitas, Lewis, Pierce, Snohomish and Thurston counties. The company has a 6,000-square-mile (16,000 km2) electric and natural gas service area.
Xcel Energy Inc. is a utility holding company based in Minneapolis, Minnesota, serving more than 3.3 million electric customers and 1.8 million natural gas customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas and New Mexico in 2017. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.
American Electric Power (AEP) is a major investor-owned electric utility in the United States of America, delivering electricity to more than five million customers in 11 states.
Exelon Corporation is an American Fortune 100 energy company headquartered in Chicago, Illinois. It generates revenues of approximately $33.5 billion and employs approximately 34,000 people. Exelon is the largest electric parent company in the United States by revenue, the largest regulated utility in the United States with approximately 10 million customers, and also the largest operator of nuclear power plants in the United States. It was created in October 2000 by the merger of PECO Energy Company of Philadelphia and Unicom Corp of Chicago, which owned Commonwealth Edison.
Consumers Energy is a public utility that provides natural gas and electricity to 6.7 million of Michigan's 10 million residents. It serves customers in all 68 of the state’s Lower Peninsula counties. It is the primary subsidiary of CMS Energy. The company was founded in 1886 and is currently headquartered in Jackson, Michigan.
NiSource Inc. is one of the largest fully regulated utility companies in the United States, serving approximately 3.5 million natural gas customers and 500,000 electric customers across seven states through its local Columbia Gas and NIPSCO brands. The company, based in Merrillville, Indiana, United States, has more than 8,000 employees.
Sempra Energy is a North American energy infrastructure company based in San Diego, California. Sempra Energy's focus is on electric and natural gas infrastructure. Its operating companies include: Southern California Gas Company (SoCalGas) and San Diego Gas & Electric (SDG&E) in Southern California; Oncor Electric Delivery Company (Oncor) in Texas; Sempra LNG; and IEnova, based in Mexico.
WEC Energy Group Inc., based in Milwaukee, Wisconsin, provides electricity and natural gas to 4.4 million customers across four states. The company operates through its brands – We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources.
Black Hills Corporation is a Rapid City, South Dakota diversified energy company that is an electric and gas utility in South Dakota and Wyoming and sells power throughout the American West.
With more than $7 billion in assets, Énergir, formerly known as Gaz Métro, is a diversified energy company with 520,000 customers. It is the largest natural gas distribution company in Quebec, and also produces, through its subsidiaries, electricity from wind power. In the United States, through its subsidiaries, the company operates in nearly fifteen states, where it produces electricity from hydraulic, wind and solar sources, in addition to being the leading electricity distributor and the sole natural gas distributor in Vermont.
At the end of 2015, the installed capacity of wind power in Washington was 3,075 megawatts (MW) with wind power accounting for 7,100 GWh, or 7.1% of the electricity generated in the state during 2016.
PECO, formerly the Philadelphia Electric Company, is an energy company founded in 1881 and incorporated in 1929. It became part of Exelon Corporation in 2000 when it merged with Commonwealth Edison's holding company Unicom Corp.
An Energy Rebate Program, or Energy Credit Incentive Program, provides a cash rebate program for customers planning to install new, energy efficient information technology (IT) equipment or cooling systems. These programs push companies to construct more energy efficient data centers, or to consolidate compute, storage and networking resources via virtualization technologies.
The electricity sector of the United States includes a large array of stakeholders that provide services through electricity generation, transmission, distribution and marketing for industrial, commercial, public and residential customers. It also includes many public institutions that regulate the sector. In 1996, there were 3,195 electric utilities in the United States, of which fewer than 1,000 were engaged in power generation. This leaves a large number of mostly smaller utilities engaged only in power distribution. There were also 65 power marketers. Of all utilities, 2,020 were publicly owned, 932 were rural electric cooperatives, and 243 were investor-owned utilities. The electricity transmission network is controlled by Independent System Operators or Regional Transmission Organizations, which are not-for-profit organizations that are obliged to provide indiscriminate access to various suppliers in order to promote competition.
The Empire District Electric Company is an investor-owned utility providing electric, natural gas, and water service with approximately 215,000 customers in Missouri, Kansas, Oklahoma, and Arkansas. A subsidiary of the company also provides fiber optic services.
Energy Trust of Oregon is an independent nonprofit organization based in Portland, Oregon that helps utility customers in Oregon benefit from efficient energy use and generating renewable energy. Energy Trust offers services, cash incentives and other energy solutions to customers of Portland General Electric, Pacific Power, NW Natural and Cascade Natural Gas in Oregon and customers of NW Natural in Washington.
The U.S. state of Arkansas is a significant producer of natural gas and a minor producer of petroleum.
AltaGas is a North American energy infrastructure company based in Calgary, Alberta. The company operates in three business segments: gas, power generation, and utilities.