Earnings
OGE Energy's CFO Says Its New $750 Million Stock Program Is No Signal Of More Financing
The utility needs about $200 million of new equity for its updated plan, and its CFO said the larger program's size should not be read into.
OGE Energy (OGE) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
The utility needs about $200 million of new equity for its updated plan, and its CFO said the larger program's size should not be read into.
Earnings
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.
SEC Filings
OG&E filed for a 755 MW Horseshoe Lake unit, asked FERC for a $1.5 billion borrowing ceiling, and the parent expects to set up an equity program.
Earnings
The Oklahoma utility's quarterly profit rose to $316.2 million from $231.3 million, and it now sees 2026 earnings of $2.62 to $2.68 per share.
SEC Filings
The utility's board acted Monday on an internal promotion; his pay as operating chief will be set in the December officer review.