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EX-99.01 - EXHIBIT 99.01 - OGE ENERGY CORP.exhibit9901-pressrelease11.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported)
November 3, 2011
 
 
 
 
OGE ENERGY CORP.
(Exact Name of Registrant as Specified in Its Charter)
 
 
Oklahoma
(State or Other Jurisdiction of Incorporation)
 
 
1-12579
73-1481638
(Commission File Number)
(IRS Employer Identification No.)
 
 
321 North Harvey, P.O. Box 321, Oklahoma City, Oklahoma
73101-0321
(Address of Principal Executive Offices)
(Zip Code)
 
 
405-553-3000
(Registrant's Telephone Number, Including Area Code)
 
 
(Former Name or Former Address, if Changed Since Last Report)
 
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
    
* Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
* Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
* Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
* Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 2.02. Results of Operations and Financial Condition

OGE Energy Corp. (the "Company") is the parent company of Oklahoma Gas and Electric Company ("OG&E"), a regulated electric utility with approximately 789,000 customers in Oklahoma and western Arkansas, and OGE Enogex Holdings LLC and its subsidiaries ("Enogex"), a midstream natural gas pipeline business with principal operations in Oklahoma.

On November 3, 2011, the Company issued a press release describing the Company's consolidated financial results for the quarter ended September 30, 2011, which is furnished as Exhibit 99.01 and incorporated herein by reference. As described in the press release, the Company reported earnings of $1.80 per diluted share for the quarter ended September 30, 2011 as compared to $1.65 per diluted share for the quarter ended September 30, 2010. At OG&E, earnings were higher primarily due to a higher gross margin mainly due to extremely hot weather in OG&E's service territory as well as higher transmission revenues and new customer growth. This increase in earnings was partially offset by lower earnings at Enogex primarily due to higher operating expenses due to system expansion and an outage at Enogex's Cox City processing plant partially offset by higher gross margins in Enogex's transportation and processing businesses.

OG&E posted earnings of $1.60 per diluted share in the third quarter of 2011 as compared to $1.43 per diluted share in the third quarter of 2010. Enogex posted earnings of $0.19 per diluted share in the third quarter of 2011 as compared to $0.23 per diluted share in the third quarter of 2010. The holding company posted earnings of $0.01 per diluted share in the third quarter of 2011 as compared to a loss of $0.01 per diluted share in the third quarter of 2010. For further information, see the press release attached as Exhibit 99.01.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits
 
 
 
 
 
        Exhibit Number
 
                    Description
 
 
 
99.01
 
Press release dated November 3, 2011, announcing Record heat contributes to higher 3rd quarter earnings at OGE Energy Corp.






SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


 
OGE ENERGY CORP.
 
(Registrant)
 
 
By:
/s/ Scott Forbes
 
    Scott Forbes
 
 Controller and Chief Accounting Officer
 
 

November 3, 2011