December 27, 2014 5:11 AM ET

Electric Utilities

Company Overview of Oklahoma Gas and Electric Company

Company Overview

Oklahoma Gas and Electric Company generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas. The company owns and operates coal-fired, natural gas-fired, and wind-powered generating facilities. As of December 31, 2013, it owned and operated an interconnected electric generation, transmission, and distribution system, which included 12 generating stations with an aggregate capability of 6,785 megawatts. The company’s transmission system comprised of 51 substations with a total capacity of 12.0 million kilovolt-amps (kVA) and 4,589 structure miles of lines in Oklahoma; and 7 substations with a total capacity of 2.4 million kVA and 278 structure miles of line...

321 North Harvey

PO Box 321

Oklahoma City, OK 73101

United States

Founded in 1902

1,885 Employees

Phone:

405-553-3000

Key Executives for Oklahoma Gas and Electric Company

Chairman
Age: 60
President
Age: 46
Chief Financial Officer
Age: 49
Chief Accounting Officer
Age: 56
Chief Information Officer and Vice President of Strategic Planning & Performance Improvement
Age: 49
Compensation as of Fiscal Year 2014.

Oklahoma Gas and Electric Company Key Developments

Oklahoma Gas and Electric Company Announces Executive Changes

OGE Energy Corp. announced the promotion of Sean Trauschke to President. Trauschke is currently the President of the subsidiary Oklahoma Gas and Electric Company as well as Chief Financial Officer of OGE Energy. Delaney will retain the titles of Chairman of the Board and Chief Executive Officer. In addition Steve Merrill has been named Chief Financial Officer of both entities. Merrill has previously served in various senior roles at OGE Energy as well as Chief Financial Officer and Chief Operating Officer of Enogex, one of the predecessor companies to Enable Midstream Partners, LLC. With a broad range of experience in the electric utility industry Trauschke joined OGE Energy Corp. in 2009 as Chief Financial Officer. He was named president of OG&E, the utility, in 2013.

Oklahoma Gas & Electric Seeks Approval for Environmental Compliance Plan

Oklahoma Gas & Electric announced that after unsuccessfully challenging the EPA all the way to the U.S. Supreme Court and exhausting its legal options, the company has filed an application with the Oklahoma Corporation Commission seeking approval of a plan to be in compliance with federal environmental mandates and to modernize the company's Mustang Power Plant. OG&E's filing calls for adding two pollution control devices known as scrubbers to the coal-fired units at the Sooner Power Plant near Red Rock, converting two coal-fired units at the Muskogee Power Plant to natural gas and modernizing the natural gas units at the Mustang Power Plant. OG&E's plan to modernize Mustang Power Plant calls for replacing existing natural gas steam units that were first installed in the late 1940s with new quick-start, natural gas-fired combustion turbines. The new turbines will better support both reliability and efforts to lower customer energy costs because they can be brought online in 10 minutes rather than the 10 hours it takes for the current units at the plant. This feature makes the natural gas-fired combustion turbines particularly well suited to maximize the benefits of renewable energy and helps ensure the company's required generation reserve margins are met. The deadline for OG&E to achieve environmental compliance is January 2019. The company has until that time to fully implement its plan or face enforcement actions.

Oklahoma Gas and Electric Intends to Redeem $140 Million of Senior Notes

Oklahoma Gas and Electric announced it intends to redeem all $140 million of its 6.50% senior notes due 2034. The notes will be redeemed at 103.25% of their principal amount, plus accrued interest, on Aug. 1. UMB Bank NA is the trustee with respect to the notes, according to a company statement.

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