OGE Plans To Own And Run Most Of Its Next 1.1 Gigawatts: 'We Want The Ball'
CEO Sean Trauschke says the utility intends to build its remaining capacity itself, after Horseshoe Lake Unit 15 left about 1.1 gigawatts of need.
OGE Energy, the holding company for Oklahoma utility OG&E, intends to own and operate the majority of the 1.1 gigawatts of new capacity it still needs, Chairman, President and CEO Sean Trauschke said on the company's third-quarter earnings call Wednesday. "We want the ball, so to speak," he said, describing how the utility wants to run plants when weather turns extreme.
Own, not buy
Asked by a J.P. Morgan analyst whether OGE would own the remaining capacity or buy it from third parties, Trauschke said
Trauschke said the company will update investors on the Oklahoma rate review and the Horseshoe Lake Unit 15 pre-approval case on its first-quarter call, and on approvals for the year's additional generation filings on its second-quarter call.
Sources
- OGE Energy (OGE) Surpasses Q3 Earnings and Revenue Estimates — Yahoo Finance
- OGE Energy raises 2026 earnings outlook after Q3 profit climbs (OGE:NYSE) — seekingalpha.com
- OGE Energy Corp. reports third quarter 2026 results — prnewswire.com
