| Market Capitalization (Millions $) |
9,722 |
| Shares
Outstanding (Millions) |
207 |
| Employees |
2,291 |
| Revenues (TTM) (Millions $) |
3,265 |
| Net Income (TTM) (Millions $) |
458 |
| Cash Flow (TTM) (Millions $) |
-27 |
| Capital Exp. (TTM) (Millions $) |
1,072 |
Business Description
OGE Energy Corp. is an American public utility holding company based in Oklahoma City, Oklahoma. The company primarily operates in the electric utility industry and natural gas transportation and storage industry. OGE Energy provides electricity services to more than 859,000 customers in Oklahoma and western Arkansas. The company also operates in the oil and gas exploration and production business through its subsidiary, Enogex LLC, which provides natural gas transportation and storage services.
OGE Energy was founded in 1995 after the merger of two previously independent energy companies: Oklahoma Gas and Electric Company (OG&E) and Enogex. The combined company became one of the largest energy providers in the southwestern United States. In 2014, OGE Energy spun off Enogex into a separate entity, creating Enable Midstream Partners.
The company's electric utility business is primarily operated by OG&E, which was founded in 1902 in downtown Oklahoma City. The company provides power to residential, commercial, and industrial customers through a network of generating stations, high-voltage transmission lines, and distribution lines. OG&E operates several power plants, including natural gas-fired plants, coal-fired plants, and wind farms. The wind farms contribute significantly to the company's power generation, with over 30% of the company's total generating capacity being sourced from wind energy.
OGE Energy has made efforts to integrate renewable energy sources into its operations, including expanding its wind power capacity and investing in solar energy development. The company has also implemented energy efficiency programs to help customers reduce their energy usage and costs. OGE Energy has been recognized for its strong sustainability practices, earning a spot on the Dow Jones Sustainability Index for North America for several consecutive years.
In addition to its electric utility operations, OGE Energy also operates in the natural gas transportation and storage industry. Through Enogex, the company owns and operates over 8,800 miles of natural gas transmission pipelines and 11 storage facilities in Oklahoma and Texas. Enogex provides natural gas transportation and storage services to customers in a variety of industries, including power generation, industrial, and commercial.
Overall, OGE Energy Corp. is a leading energy company in the southwestern United States, with a diverse portfolio of businesses in the electric utility and natural gas transportation and storage industries. The company has a strong commitment to sustainability and is well-positioned to meet the energy needs of its customers in the years to come.
Company Address: 321 North Harvey Zagreb 73101 City of Zagreb
Company Phone Number: 553-3000 Stock Exchange / Ticker: NYSE OGE
|
6.28 %