OGE ENERGY CORP. (NYSE:OGE) Files An 8-K Other Events

OGE Energy Corp. (the “Company”) is the parent company of Oklahoma Gas and Electric Company (“OG&E”), a regulated electric utility with approximately 832,000 customers in Oklahoma and western Arkansas. In addition, the Company holds a 25.7 percent limited partner interest and a 50 percent general partner interest in Enable Midstream Partners, LP.

As previously reported, on December 18, 2015, OG&E filed an application with the Oklahoma Corporation Commission (“OCC”) requesting an annual rate increase of $92.5 million to begin recovering $1.6 billion of electrical infrastructure additions since OG&E’s last general rate in 2012. The hearing on the merits for OG&E’s rate case application was heard by an administrative law judge (“ALJ”) and concluded in May 2016.

On July 1, 2016 OG&E implemented an annual interim rate increase of $69.5 million which is subject to refund of any amount recovered in excess of the rates ultimately approved by the OCC in the rate case. On December 8, 2016, the ALJ issued a report and recommendations in the case. The ALJ’s recommendations include, among other things: (i) use of OG&E’s actual capital structure of 53 percent equity and 47 percent long-term debt and (ii) a return on equity of 9.87 percent. The ALJ’s report included a summary table indicating that the effect of the recommendations would be an annual increase in OG&E’s revenues of $60.3 million. Based on a review by OG&E and the OCC’s staff of the ALJ’s recommendations, OG&E believes that the ALJ’s recommendations would result in an annual revenue increase of $43.6 million. The parties to the rate case are expected to provide their comments to the OCC on the ALJ’s report and recommendations by early January 2017.

OG&E cannot predict when the OCC will act or the actions that the OCC will take in response to the interim rate increase or the rate case.

About OGE ENERGY CORP. (NYSE:OGE)
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E). OG&E is an electric utility-based in Oklahoma and its franchised service territory includes the Fort Smith, Arkansas area. The natural gas midstream operations segment represents its investment in Enable Midstream Partners, LP (Enable). Enable is engaged in the business of gathering, processing, transporting and storing natural gas and its assets are located in over four states and serve natural gas production from shale developments in the Anadarko, Arkoma and Ark-La-Tex basins. OGE ENERGY CORP. (NYSE:OGE) Recent Trading Information
OGE ENERGY CORP. (NYSE:OGE) closed its last trading session down -0.64 at 33.24 with 1,070,972 shares trading hands.