ADDED
At January 31, 2026, there w ere 206,259,022 shares of OGE Energy Corp.'s common stock, par value $0.01 per share, outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 7A.
Environmental Protection Agency Federal Clean Water Act Federal Water Pollution Control Act of 1972, as amended FERC Federal Energy Regulatory Commission FIP Federal Implementation Plan FSAs Forward equity sale agreements, entered into with Morgan Stanley Co.
LLC and JPMorgan Chase Bank, National Association, New York Branch on November 20 and 21, 2025 in conjunction with OGE Energy's November 2025 public equity offering GAAP Accounting principles generally accepted in the U.S.
IRP Integrated Resource Plan kV Kilovolt LRE Load Responsible Entity MRG Member Resource Group MW Megawatt MWh Megawatt-hour NAAQS National Ambient Air Quality Standard NERC North American Electric Reliability Corporation NO X Nitrogen oxide OCC Oklahoma Corporation Commission ODEQ Oklahoma Department of Environmental Quality OG E Oklahoma Gas and Electric Company, wholly-owned subsidiary of OGE Energy OGE Energy OGE Energy Corp., collectively with its subsidiaries, holding company and parent company of OG E OMB White House Office of Management and Budget OSHA U.S.
OGE Energy exited its former midstream business in 2022 as a result of selling all equity securities of Energy Transfer that were previously held by OGE Energy.
OGE Energy creates long-term shareholder value by targeting the consistent growth of consolidated earnings per share of five to seven percent through 2030, and consolidated earnings per share in the top half of the range in 2027 and 2028, supported by expected strong load growth enabled by low customer rates and a strategy of investing in lower risk infrastructure projects that improve the economic vitality of the communities it serves in Oklahoma and Arkansas.
OGE Energy plans to continue to grow its dividend over the next five years, targeting a payout ratio of 60 percent to 70 percent.
Over the next several years, earnings per share is expected to grow faster than dividends to support this goal.
In 2025, OG E's system control area peak demand was 7,412 MWs on July 30, 2025, and OG E's load responsibility peak demand was 6,630 MWs on July 30, 2025.
REMOVED
At January 31, 2025, there w ere 201,148,883 share s of OGE Energy Corp.'s common stock, par value $0.01 per share, outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 7A.
(prior to December 2, 2021) Energy Transfer Energy Transfer LP, a Delaware limited partnership, collectively with its subsidiaries EPA U.S.
Environmental Protection Agency Federal Clean Water Act Federal Water Pollution Control Act of 1972, as amended FERC Federal Energy Regulatory Commission FIP Federal Implementation Plan GAAP Accounting principles generally accepted in the U.S.
IRP Integrated Resource Plan kV Kilovolt MRG Member Resource Group MW Megawatt MWh Megawatt-hour NAAQS National Ambient Air Quality Standard NERC North American Electric Reliability Corporation NO X Nitrogen oxide OCC Oklahoma Corporation Commission ODEQ Oklahoma Department of Environmental Quality OG E Oklahoma Gas and Electric Company, wholly-owned subsidiary of OGE Energy OGE Energy OGE Energy Corp., collectively with its subsidiaries, holding company and parent company of OG E OSHA U.S.
OGE Energy creates long-term shareholder value by targeting the consistent growth of consolidated earnings per share of five to seven percent, supported by strong load growth enabled by low customer rates and a strategy of investing in lower risk infrastructure projects that improve the economic vitality of the communities it serves in Oklahoma and Arkansas.
In the next five years, OGE Energy expects to continue to grow the dividend, targeting a dividend payout ratio of 65 to 70 percent.
Over the next several years, OGE Energy expects earnings per share growth to exceed the dividend growth rate to help achieve this target.
In 2024, OG E's system control area peak demand was 7,435 MWs on August 18, 2024, and OG E's load responsibility peak demand was 6,669 MWs on August 18, 2024.
The following table presents system sales and variations in system sales for 2024, 2023 and 2022.