OGE Energy Corp.
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- OGE Energy Corp. (NYSE: OGE) is an energy holding company that, through its primary subsidiary Oklahoma Gas and Electric Company (OG&E), generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas. OG&E serves approximately 907,000 retail electric customers across a 30,000-square-mile service territory, including major communities such as Oklahoma City and Fort Smith, Arkansas, utilizing a diversified generation portfolio of about 7,116 megawatts comprising 67% natural gas, 22% coal, 7% renewables (solar and wind), and additional coal-fired, natural gas-fired, wind-powered, and solar-powered assets. The company provides retail electric service to residential, commercial, industrial, and public authority customers, with other operations encompassing holding company activities and energy-related investments. Founded in 1902 and headquartered in Oklahoma City, Oklahoma, OGE Energy Corp. operates primarily in the regulated electric utility segment, targeting diverse customers including emerging industrial loads such as data centers amid strong regional economic growth in Oklahoma and Arkansas. Its subsidiary OG&E represents the core of vertically integrated utility operations, while the company maintains a strategic focus on infrastructure modernization, energy efficiency programs, and grid reliability enhancements. In recent developments, OGE Energy Corp. completed a $345 million stock offering in November 2025 to fund infrastructure expansions, including Horseshoe Lake generating units and the Fort Smith-Muskogee transmission project, alongside debt reduction. The company is constructing approximately 550 megawatts of new natural gas combustion turbine generation expected online in 2026, with an additional 448-450 megawatts of turbines pre-approved by the Oklahoma Corporation Commission for operation by 2029, supporting projected 7.5% retail load growth in 2025 driven by data centers and economic expansion. These initiatives form part of an updated five-year capital plan totaling $7.285 billion through 2030, emphasizing generation capacity additions, transmission investments, and long-term earnings growth while maintaining affordability and reliability.
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