OGE Energy

What OGE Energy does

OGE Energy Corp. (NYSE: OGE), headquartered in Oklahoma City and founded in 1902, is the parent holding company of Oklahoma Gas and Electric Company (OG&E), a regulated electric utility serving approximately 915,000 customers across Oklahoma and western Arkansas. The company generates, transmits, and distributes electricity through a mix of wind farms, solar installations, natural gas facilities (including 450 MW of hydrogen-capable capacity at Horseshoe Lake), and grid-scale battery storage. Its subsidiary Crossroads Wind Farm and additional solar farms in Oklahoma and western Arkansas contribute to 800+ MW of combined wind and solar capacity, supporting clean energy procurement programs. OGE Energy also operates interstate natural gas pipelines serving residential and commercial customers.

The company's business model is built on regulated rate base economics: rates are approved by the Oklahoma Corporation Commission and yield predictable returns tied to invested capital, with electricity rates currently positioned more than 30% below the national average. Revenue streams include usage-based electricity distribution, usage-based natural gas distribution, and subscription-style renewable energy programs (wind RECs and community solar). GTM motion is hybrid: residential customers are acquired via brand presence, community partnerships, and digital self-serve (online portal and mobile app), while large commercial and industrial customers (including Google data centers and manufacturers such as Commercial Metals Company, Archer Daniels Midland, Dal Tile, Niagara Bottling, Glatfelter, Mom's Meals, and Dollar General) are secured through dedicated economic development partnerships and custom power agreements. Enterprise sales increasingly target data center customers, where Google funds infrastructure improvements and commits to renewable energy procurement. A $7.3 billion capital plan for 2026-2030 funds generation, transmission, and distribution expansion, including 1.3 GW of new capacity before decade-end. The company has maintained 56 consecutive years of dividend payments and 19 consecutive years of dividend increases, with a market capitalization around $9.95 billion as of early 2026.

Name

OGE Energy

Legal name

OGE Energy Corp.

Website

http://www.oge.com/

Company type

Public

Founded year

1902

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

OGE Energy Corp. is the parent of Oklahoma Gas and Electric Company (OG&E), a regulated electric and natural gas utility serving approximately 915,000 customers in Oklahoma and western Arkansas with rates more than 30% below the national average.

Ownership category

akta.pro rank

Product category

Regulated Electric and Natural Gas Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Natural Gas Distribution (2212), Fossil Fuel Electric Power Generation (221112)

SIC

Electric Services (4911), Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ)

akta.pro secondary industries

Distribution System Engineering & Design (Mains/Services/Stations) (EUAJAEAB), Demand-Side Management & Energy Efficiency Programs (Gas) (EUAAADAI)

Keywords

• Regulated electric utility
• Natural gas distribution
• Renewable energy generation
• Utility transmission infrastructure
• Energy distribution services

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Others

Revenue model

1. Electricity Distribution: Regulated revenue from electricity distribution to approximately 915,000 customers in Oklahoma and western Arkansas. Rates are approved by the Oklahoma Corporation Commission and provide stable, predictable returns based on invested capital.
2. Natural Gas Distribution: Natural gas pipeline and distribution services generating revenue through regulated rates
3. Renewable Energy Programs: Revenue from renewable energy programs including solar installations and green energy options for customers

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

OGE Energy Corp., through its wholly owned subsidiary Oklahoma Gas and Electric Company (OG&E), operates as a regulated electric and natural gas utility, generating, transmitting, and distributing electricity to approximately 915,000 customers across Oklahoma and western Arkansas. The company also offers natural gas distribution services, renewable energy programs (wind and solar), energy efficiency solutions, and demand response programs to residential, commercial, industrial, and data center customers.

Product overview

OG&E (Oklahoma Gas and Electric Company) operates as the regulated electric utility subsidiary of OGE Energy Corp., providing electricity distribution to approximately 915,000 customers across Oklahoma and western Arkansas. The company offers a unified utility platform with customer-facing modules including electricity service with SmartHours time-of-use pricing, renewable energy programs (Solar Power and Wind Power), energy efficiency solutions, electric vehicle support, and demand response capabilities. Additional services include billing options (Average Monthly Billing, Paperless Billing), notification systems (myOGEalerts), senior-focused programs (Silver Energy), and economic development incentives. The company is investing $7.3 billion in a five-year capital plan to expand generation capacity and transmission infrastructure, particularly to serve growing data center demand including a contract with Google for three data centers.

Differentiator

Problem solved

Functional benefit

Brands

• SmartHours: Time-of-use pricing program offering discounted energy for 19 hours on weekdays and all day on weekends and holidays
• Silver Energy
• Lend-a-Hand
• Clean Energy Advantage

Products and services

• OG&E Electric Service Core electricity distribution utility service delivering power to approximately 915,000 residential, commercial, industrial, and data center customers across Oklahoma and western Arkansas through regulated transmission and distribution infrastructure.
• SmartHours Time-of-Use Pricing Optional rate plan enabling residential and business customers to pay lower electricity prices during off-peak periods by shifting consumption outside of weekday peak hours.
• OG&E Wind Power Program

Quantifiable outcome

• Electricity rates 30%+ below national average
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• GooglecoreStrategic or Co-development Partner · 1 January 2023Multi-year power agreements for Google data centers in Stillwater and Muskogee, Oklahoma. Google funds infrastructure improvements and commits to purchasing renewable energy through solar capacity agreements. Three data centers planned in total, with Google covering capital costs for interconnection infrastructure.
• Grid Acceleration CoalitioncoreStrategic or Co-development PartnerCoalition of major utilities including Duke Energy, DTE Energy, and WEC Energy focused on grid modernization, accelerated transmission investment, and policy advocacy. OGE Energy participates in joint regulatory and policy initiatives.
• Southwest Power PoolcoreTechnology or IntegrationRegional transmission organization overseeing the bulk electric grid across 14 states. OGE Energy participates in the SPP market and relies on SPP for transmission coordination and grid reliability.
• Commercial Metals CompanyminorStrategic or Co-development PartnerEconomic development partnership attracting manufacturing facility to Oklahoma through OGE Energy's economic development program.
• Archer Daniels MidlandminorStrategic or Co-development PartnerEconomic development partnership attracting food and agriculture processing facility to Oklahoma.
• Dal TileminorStrategic or Co-development PartnerEconomic development partnership attracting manufacturing facility to Oklahoma.
• Niagara BottlingminorStrategic or Co-development PartnerEconomic development partnership attracting beverage bottling facility to Oklahoma.
• GlatfelterminorStrategic or Co-development PartnerEconomic development partnership attracting manufacturing facility to Oklahoma.
• Mom's MealsminorStrategic or Co-development PartnerEconomic development partnership attracting food service facility to Oklahoma.
• Dollar GeneralminorStrategic or Co-development PartnerEconomic development partnership attracting distribution facility to Oklahoma.
• Edison Electric InstituteminorGTM or Marketing PartnerIndustry association for investor-owned electric utilities. OGE Energy participates in industry initiatives, shares best practices, and engages in advocacy through EEI.
• Oklahoma Electric Vehicle CoalitionminorGTM or Marketing PartnerCoalition focused on electric vehicle infrastructure and adoption in Oklahoma. OGE Energy participates in EV charging infrastructure development.

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• WEC Energy Group: WEC Energy Group is a regulated electric and natural gas utility serving Wisconsin, Illinois, Minnesota, and Michigan with a comparable scale and Midwest/Plains operating profile. OGE and WEC are co-members of the Grid Acceleration Coalition pushing FERC transmission reform, indicating very similar strategic priorities and regulatory exposure.
• DTE Energy: DTE Energy is a regulated electric and natural gas utility serving southeast Michigan with a similar mid-cap investor-owned utility profile. Like OGE, DTE is investing heavily in grid modernization, renewables, and natural gas infrastructure, and is a co-member of the Grid Acceleration Coalition.
• Alliant Energy: Alliant Energy is a regulated electric and natural gas utility serving Iowa, Wisconsin, and Minnesota with a comparable customer count (~1M) and Midwest/Plains geographic exposure. Its mix of renewable generation, gas distribution, and rate-base growth mirrors OGE's strategic posture.
• Evergy: Evergy is a regulated electric utility serving Kansas and Missouri with a similar Plains/Midwest footprint and capital-intensive growth profile. Both utilities are pursuing renewable generation expansion and load growth from data centers and large industrial customers in adjacent regions.
• Xcel Energy: Xcel Energy is a regulated electric and natural gas utility serving eight Midwestern and Western states with a substantial wind generation portfolio and an active data center load growth strategy. Xcel's renewable mix and hyperscaler customer wins closely parallel OGE's positioning.
• CMS Energy: CMS Energy is a regulated electric and natural gas utility serving Michigan with a comparable mid-cap size profile to OGE. Both utilities operate combined electric and gas distribution businesses, are pursuing renewable generation expansion, and face similar regulatory and capital intensity dynamics.

Broad incumbents

• American Electric Power: American Electric Power is one of the largest investor-owned electric utilities in the U.S., serving 11 states with transmission spanning the Eastern Interconnect. AEP is a broad incumbent comparable on regulated electric utility operations, transmission investment, and renewable integration, though at substantially larger scale than OGE.
• NextEra Energy: NextEra Energy is the world's largest generator of wind and solar energy through its FPL and NextEra Energy Resources subsidiaries. While much larger and more diversified, NextEra is the benchmark for utility-scale renewable integration and grid-scale battery storage, areas where OGE is also building capacity.
• Southern Company: Southern Company is a large investor-owned electric utility serving the Southeast with a diverse generation mix including natural gas, nuclear, and renewables. Comparable as a broad incumbent on regulated electric utility operations and large-scale capital programs, though at materially larger scale than OGE.
• Duke Energy: Duke Energy is one of the largest U.S. investor-owned electric utilities serving the Carolinas, Florida, and Midwest. Duke is a Grid Acceleration Coalition co-member with OGE, and is comparable on regulated electric utility operations and large-scale grid modernization, though at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/oge-energy-corp
• Xx.com/OGandE
• Facebookfacebook.com/OGEpower

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OGE Energy