OGE Energy Corporation announced that its subsidiary, Oklahoma Gas and Electric Company (OG&E), has received pre-approval from the Oklahoma Corporation Commission to construct two new natural gas combustion turbines at its Horseshoe Lake facility. The units, with a combined capacity of 448 megawatts, are scheduled to go into service by the end of 2029. The Commission approved cost recovery for the new units once they are operational, as well as two related Capacity Purchase Agreements, but did not approve the use of Construction Work in Progress or a return on the agreements. OGE Energy has updated its five-year capital plan and extended it through 2030 to reflect these investments, which will be financed with a mix of debt and equity to maintain strong credit ratings.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OGE Energy Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-283425), on November 17, 2025, and is solely responsible for the information contained therein.
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