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Oge Energy


Oge Energy Corp.  is a publicly traded company having a good stock performance result. It’s a fortune 500 stock listed company trading under OGE. Oge Energy was established in 1995 and is based in Oklahoma City, Oklahoma.
 
Oge Energy Corp, with headquarters in Oklahoma City, is the parent company of Oklahoma Gas and Electric Company, a regulated electric utility, and Enogex Inc, a natural gas pipeline business. Oge Energy and its subsidiaries have about 3,000 employees. Oge Energy Corp. operates as an energy and energy services provider. It offers physical delivery and interrelated services for electricity and natural gas primarily in the south central United States.
 
Oklahoma Gas and Electric Company serves around 745,000 retail customers in Oklahoma and western Arkansas, and a number of wholesale customers all over the region. The company delivers electricity across an interconnected transmission and distribution system spanning 30,000 square miles. OG&E, with nine power plants capable of producing about 6,100 megawatts, generates about 70 percent of its electricity from low-sulfur Wyoming coal and 30 percent from natural gas.
 
The company operates in two business segments, Electric Utility and Natural Gas Pipeline. The Electric Utility segment generates, distributes, transmits, and sells electric energy in Oklahoma and western Arkansas. The Natural Gas Pipeline segment’s activities include transporting, gathering, storing, processing, and marketing of natural gas. As of December 31, 2005, the company served, with its electric energy, a population of around 2 million that covered approximately 30,000 square miles in Oklahoma and western Arkansas. From the same date, it operated around 8,300 miles of intrastate gas gathering and transportation pipelines.

The Company stated net income of about 211.0 million dollars, or 2.32 dollars per diluted share, as compared to approximately 153.5 million dollars, or 1.73 dollars per diluted share, for the years ended December 31, 2005 and 2004, respectively. The increase in net income during 2005 as compared to 2004 was primarily due to OG&E reported net income of approximately 129.7 million dollars. Enogex’s operations, including discontinued operations, reported net income of approximately 89.8 million dollars, or 0.99 dollars per diluted share of the Company’s common stock, as compared to approximately 60.7 million dollars, or 0.69 dollars per diluted share, during 2005 and 2004, respectively.

The Company believes just about 91.2 million average diluted shares outstanding, cash flow from operations of between 320 dollars and 330 million dollars and an effective tax rate of 36.3 percent in its 2006 earnings guidance.
 

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