Attached files
file | filename |
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10-K - OG&E 2009 10-K - OKLAHOMA GAS & ELECTRIC CO | ogande10k.htm |
EX-23.01 - OG&E 2009 10-K EX 23.01 - OKLAHOMA GAS & ELECTRIC CO | ogande10kex2301.htm |
EX-31.01 - OG&E 2009 10-K EX 31.01 - OKLAHOMA GAS & ELECTRIC CO | ogande10kex3101.htm |
EX-32.01 - OG&E 2009 10-K EX 32.01 - OKLAHOMA GAS & ELECTRIC CO | ogande10kex3201.htm |
EX-24.01 - OG&E 2009 10-K EX 24.01 - OKLAHOMA GAS & ELECTRIC CO | ogande10kex2401.htm |
EX-12.01 - OG&E 2009 10-K EX 12.01 - OKLAHOMA GAS & ELECTRIC CO | ogande10kex1201.htm |
Exhibit
99.01
Oklahoma
Gas and Electric Company Cautionary Factors
The
Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for
forward-looking statements to encourage such disclosures without the threat of
litigation providing those statements are identified as forward-looking and are
accompanied by meaningful, cautionary statements identifying important factors
that could cause the actual results to differ materially from those projected in
the statement. Forward-looking statements have been and will be made
in written documents and oral presentations of the Company. Such
statements are based on management’s beliefs as well as assumptions made by and
information currently available to management. When used in the Company’s
documents or oral presentations, the words “anticipate”, “believe”, “estimate”,
“expect”, “intend”, “objective”, “plan”, “possible”, “potential”, “project” and
similar expressions are intended to identify forward-looking
statements. In addition to any assumptions and other factors referred
to specifically in connection with such forward-looking statements, factors that
could cause the Company’s actual results to differ materially from those
contemplated in any forward-looking statements include, among others, the
following:
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Increased
competition in the utility industry, including effects of decreasing
margins as a result of competitive pressures; industry restructuring
initiatives; transmission system operation and/or administration
initiatives; recovery of investments made under traditional regulation;
nature of competitors entering the industry; retail wheeling; a new
pricing structure; and former customers entering the generation
market;
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Factors
affecting utility operations such as unusual weather conditions;
catastrophic weather-related damage; unscheduled generation outages,
unusual maintenance or repairs; unanticipated changes to fossil fuel or
gas supply costs or availability due to higher demand, shortages,
transportation problems or other developments; environmental incidents; or
electric transmission or gas pipeline system
constraints;
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Rate-setting
policies or procedures of regulatory entities, including environmental
externalities;
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Changing
market conditions and a variety of other factors associated with physical
energy and financial trading activities including, but not limited to,
price, basis, credit, liquidity, volatility, capacity, transmission,
currency, interest rate and warranty
risks;
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Risks
associated with price risk management strategies intended to mitigate
exposure to adverse movement in the prices of natural gas on both a global
and regional basis, including commodity price changes, market supply
shortages, interest rate changes and counterparty
default;
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General
economic conditions, including the availability of credit, access to
existing lines of credit, actions of rating agencies and their impact on
our ability to access the capital markets, inflation rates and monetary
fluctuations;
|
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Customer
business conditions including demand for their products or services and
supply of labor and materials used in creating their products and services
currently and in the future;
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Financial
or regulatory accounting principles or policies imposed by the Financial
Accounting Standards Board, the Securities and Exchange Commission
(“SEC”), the Federal Energy Regulatory Commission, state public utility
commissions; the regional state committee which regulates the Southwest
Power Pool; state entities which regulate natural gas transmission,
gathering and processing and similar entities with regulatory
oversight;
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Environmental
laws, safety laws or other regulations passed by the U.S. Environmental
Protection Agency, the Oklahoma Department of Environmental Quality or
other governing agencies that may impact the cost of operations or
restricts or changes the way the Company operates its
facilities;
|
Ÿ
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Availability
or cost of capital, including changes in interest rates, market
perceptions of the utility and energy-related industries, the Company or
security ratings;
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Employee
workforce factors including changes in key executives and employee
retention;
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Social
attitudes regarding the utility, natural gas and power
industries;
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Identification
of suitable investment opportunities to enhance shareowner returns and
achieve long-term financial objectives through business acquisitions and
divestitures;
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Some
future investments made by the Company could take the form of
noncontrolling interests which would limit the Company’s ability to
control the development or operation of an
investment;
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Increased
pension and healthcare costs;
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Costs
and other effects of legal and administrative proceedings, settlements,
investigations, claims and matters, including but not limited to those
described in Note 12 of Notes to Financial Statements of the Company’s
Form 10-K for the year ended December 31, 2009, under the caption
Commitments and Contingencies;
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Technological
developments, changing markets and other factors that result in
competitive disadvantages and create the potential for impairment of
existing assets;
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Other
business or investment considerations that may be disclosed from time to
time in the Company’s SEC filings or in other publicly disseminated
written documents;
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Approval
of future regulatory filings with the Oklahoma Corporation Commission or
the Arkansas Public Service Commission;
and
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Discontinuance
of accounting principles for certain types of rate-regulated
activities.
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The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
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