Oklahoma Gas & Electric

Last updated
OGE Energy Corp. (OGE)
Public
Traded as NYSE:  OGE
S&P 400 Component
Industry Energy, Natural Gas, Private utility
Founded1902 [1]
Headquarters,
United States
Key people
[Sean Trauschke], President, Chairman of the Board & CEO
Keith Mitchell, COO
Stephen Merrill, CFO
Products Electricity, Natural Gas
Increase2.svg $387.60 million USD (2013)
Number of employees
Increase2.svg 3,269 (2013) [1]
Website 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.

Oklahoma State of the United States of America

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 State of the United States of America

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.

New York Stock Exchange American stock exchange

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.

Contents

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, [2] 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 State of the United States of America

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 A combustible sedimentary rock composed primarily of carbon

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. [3]

Wind power the conversion of wind energy into a useful form

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. [3] 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. [4] 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." [5] 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. [5]

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. [6]

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.

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References

  1. 1 2 "OG&E - About Us". OGE Eneregy. Retrieved 2007-05-25.
  2. "Our Companies".
  3. 1 2 NewsOK.com Article
  4. "OG&E, A History of Positive Energy"
  5. 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.
  6. "CenterPoint Energy, OGE Energy Corp. Announce Senior Operations Leadership". Enable Midstream Partners. Retrieved 2014-07-24.