OGE Energy Corp. (OGE): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de la innovación energética, OGE Energy Corp. surge como una potencia estratégica, transformando las operaciones de servicios públicos tradicionales a través de un modelo de negocio meticulosamente elaborado que equilibra la confiabilidad, la sostenibilidad y el avance tecnológico. Al integrar sin problemas soluciones de energía renovable, infraestructura inteligente y enfoques centrados en el cliente, OGE se ha posicionado como un proveedor de servicios públicos con visión de futuro que va más allá de la mera distribución de electricidad, creando valor a través de ecosistemas de energía integrales que se adaptan a las demandas evolutivas del mercado y los desafíos ambientales.

OGE Energy Corp. (OGE) - Modelo de negocios: asociaciones clave

Asociaciones de servicios eléctricos en Oklahoma y regiones circundantes

OGE Energy Corp. mantiene asociaciones estratégicas con las siguientes entidades de servicios eléctricos:

Pareja	Detalles de la asociación	Cobertura geográfica
Compañía de servicios públicos de Oklahoma (PSO)	Gestión de infraestructura de transmisión conjunta	Regiones de Oklahoma y Arkansas
Cooperativo eléctrico de los agricultores occidentales	Generación de energía y colaboración de distribución	Oklahoma y los estados circundantes

Proveedores de tecnología de energía renovable

OGE Energy Corp. colabora con socios de tecnología renovable:

• First Solar Inc. - Integración de tecnología de paneles solares
• Vestas Wind Systems - Desarrollo de infraestructura de turbinas eólicas
• Energía renovable General Electric - Soluciones renovables a escala de cuadrícula

Fabricantes de equipos de infraestructura de cuadrícula

Las asociaciones de fabricación de equipos clave incluyen:

Fabricante	Tipo de equipo	Volumen de suministro anual
Energía de Siemens	Transformadores de transmisión	42 unidades por año
ABB Ltd.	Sistemas de SwitchGear and Protection	38 unidades por año

Colaboradores de distribución y transmisión de energía

OGE Energy Corp. mantiene asociaciones de distribución crítica:

• Southwest Power Pool - Organización de transmisión regional
• American Electric Power (AEP) - Acuerdos de interconexión
• Nextera Energy Resources - Transmisión de energía renovable

Agencias reguladoras gubernamentales

Compromisos de asociación regulatoria:

Agencia	Enfoque de colaboración	Áreas de cumplimiento regulatoria
Comisión de la Corporación de Oklahoma	Regulación de servicios públicos a nivel estatal	Configuración de tarifas, aprobación de infraestructura
Comisión Reguladora Federal de Energía (FERC)	Supervisión del mercado de la energía federal	Regulaciones de transmisión interestatales

OGE Energy Corp. (OGE) - Modelo de negocio: actividades clave

Generación y distribución de energía eléctrica

OGE Energy Corp. genera aproximadamente 4,573 megavatios de electricidad en sus instalaciones de generación de energía. La compañía opera múltiples centrales eléctricas de gas natural y carbón en Oklahoma y regiones circundantes.

Tipo de generación	Capacidad (MW)	Porcentaje
Gas natural	3,872	84.7%
Carbón	701	15.3%

Desarrollo del proyecto de energía renovable

OGE se ha comprometido a invertir $ 1.2 mil millones en infraestructura de energía renovable para 2025. La cartera actual de energía renovable incluye:

• Generación de energía eólica: 520 MW
• Proyectos de energía solar: 150 MW
• Ubicaciones de los parques eólicos: Oklahoma y Texas

Mantenimiento de la infraestructura de la cuadrícula

OGE mantiene aproximadamente 54,000 millas de líneas de transmisión y distribución en Oklahoma. La inversión anual de infraestructura es de aproximadamente $ 350 millones.

Componente de infraestructura	Total de millas	Costo de mantenimiento anual
Líneas de transmisión	9,500	$ 125 millones
Líneas de distribución	44,500	$ 225 millones

Comercio de energía y gestión de riesgos

La cartera de comercio de energía de OGE administra aproximadamente $ 2.3 mil millones en contratos de energía. Las estrategias de gestión de riesgos se centran en cubrir el gas natural y las fluctuaciones de los precios de la electricidad.

Servicio al cliente y soluciones energéticas

OGE sirve a más de 870,000 clientes eléctricos en Oklahoma con un presupuesto anual de servicio al cliente de $ 85 millones.

• Clientes residenciales: 726,000
• Clientes comerciales: 124,000
• Clientes industriales: 20,000

OGE Energy Corp. (OGE) - Modelo de negocio: recursos clave

Instalaciones de generación de energía

A partir de 2024, Oge Energy Corp. posee y opera:

Tipo de generación	Capacidad (MW)	Número de instalaciones
Plantas de energía de gas natural	4.236 MW	6 instalaciones
Generación de energía eólica	824 MW	3 parques eólicos

Infraestructura de transmisión y distribución

OGE Energy Corp. Detalles de la infraestructura:

• Total de transmisión eléctrica: 6.707 millas de circuito
• Líneas de distribución: 54,000 millas
• Área de servicio: 30,000 millas cuadradas en Oklahoma

Fuerza laboral técnica y experiencia en ingeniería

Categoría de empleado	Número de empleados
Fuerza de trabajo total	2.350 empleados
Profesionales de ingeniería	387 ingenieros

Capital financiero para inversiones energéticas

Recursos financieros a partir de 2024:

• Activos totales: $ 16.2 mil millones
• Gastos de capital anuales: $ 1.1 mil millones
• Efectivo y equivalentes en efectivo: $ 275 millones

Tecnologías avanzadas de gestión de energía

Tipo de tecnología	Estado de implementación
Tecnología de la red inteligente	Desplegado en el 90% del territorio de servicio
Infraestructura de medición avanzada	Cubre 1,2 millones de puntos finales de clientes
Sistemas de almacenamiento de energía	Capacidad de almacenamiento de batería de 50 MW

OGE Energy Corp. (OGE) - Modelo de negocio: propuestas de valor

Suministro de electricidad confiable para clientes residenciales y comerciales

OGE Energy Corp. atiende a aproximadamente 867,000 clientes eléctricos en Oklahoma. La compañía mantiene una capacidad de generación total de 5,940 megavatios a partir de 2023.

Segmento de clientes	Número de clientes	Vía de Servício
Residencial	755,000	Oklahoma
Comercial	112,000	Oklahoma

Aumento del enfoque en soluciones de energía sostenible y renovable

OGE Energy Corp. se ha comprometido a reducir las emisiones de carbono por 50% para 2030. La cartera de energía renovable de la compañía incluye:

• Generación de energía eólica: 874 MW
• Proyectos de energía solar: 128 MW
• Capacidad de almacenamiento de la batería: 99 MW

Precios competitivos en los mercados de energía

Métrico de fijación de precios	Costo promedio	Comparación con el promedio nacional
Tarifa de electricidad residencial	$ 0.11 por kWh	7% por debajo del promedio nacional
Tasa de electricidad comercial	$ 0.0825 por kWh	12% por debajo del promedio nacional

Programas avanzados de eficiencia energética

OGE ofrece programas de eficiencia energética con el siguiente impacto:

• Ahorro anual de energía: 132,000 MWh
• RECUPOS DEL CLIENTES: $ 12.4 millones en 2022
• Medidas de eficiencia energética implementada: 42 programas diferentes

Servicios de atención al cliente receptivos

Métrico de soporte	Actuación
Tiempo de respuesta promedio	45 minutos
Calificación de satisfacción del cliente	4.6/5
Canales de soporte 24/7	Teléfono, en línea, aplicación móvil

OGE Energy Corp. (OGE) - Modelo de negocios: relaciones con los clientes

Plataformas de participación de clientes digitales

OGE Energy Corp. opera una plataforma integral de compromiso de cliente digital con las siguientes características clave:

Característica de la plataforma	Métricas de usuario
Descargas de aplicaciones móviles	Más de 250,000 usuarios activos
Administración de cuentas en línea	82% de los clientes que utilizan servicios digitales
Tiempo de interacción digital promedio	7.5 minutos por sesión

Insights personalizadas de uso de energía

OGE proporciona análisis detallados de consumo de energía a través de:

• Panel de seguimiento de energía en tiempo real
• Recomendaciones personalizadas de eficiencia energética
• Informes de uso comparativo contra promedios regionales

Contratos de servicio a largo plazo

Tipo de contrato	Porcentaje de la base de clientes	Duración promedio del contrato
Acuerdos residenciales a largo plazo	45%	3-5 años
Contratos de servicio comercial	62%	5-7 años

Sistemas de facturación y soporte en línea

Apoyo a las métricas de rendimiento del canal:

Canal de soporte	Tiempo de respuesta	Tasa de satisfacción del cliente
Soporte de chat en línea	Menos de 3 minutos	89%
Soporte por correo electrónico	Dentro de las 24 horas	85%
Soporte telefónico	Tiempo de espera promedio 4.2 minutos	92%

Iniciativas de participación comunitaria

OGE Energy Corp. Métricas de participación comunitaria:

• Inversión comunitaria anual: $ 1.2 millones
• Programas de educación energética: 35 escuelas llegaron
• Eventos de conciencia de energía renovable: 12 por año
• Participación del cliente en programas de energía verde: 22%

OGE Energy Corp. (OGE) - Modelo de negocios: canales

Portal de clientes en línea

OGE Energy proporciona un portal de clientes en línea con las siguientes funciones:

Característica de portal	Disponibilidad
Pago de facturas	Acceso 24/7
Seguimiento de uso de energía	Datos en tiempo real
Gestión de cuentas	Opciones completas de autoservicio

Aplicación móvil

Especificaciones de la aplicación móvil OGE:

• Disponible en plataformas iOS y Android
• Más de 250,000 usuarios mensuales activos
• Admite el pago de la factura móvil
• Proporciona funcionalidad de informes de interrupción

Representantes de ventas directas

OGE Energy mantiene un equipo de ventas dedicado con la siguiente estructura:

Categoría de ventas	Número de representantes
Ventas residenciales	85 representantes
Ventas comerciales	42 representantes
Ventas industriales	23 representantes

Centros de llamadas de servicio al cliente

OGE Energy opera centros de servicio al cliente con las siguientes métricas:

• 3 centros de llamadas principales
• Tiempo de respuesta promedio: 2.5 minutos
• Volumen anual de llamadas: 1.2 millones de llamadas
• Calificación de satisfacción del cliente: 87%

Ubicaciones de oficinas locales

OGE Energy mantiene la presencia de la oficina física:

Tipo de ubicación	Número de oficinas
Sede principal	1 (Oklahoma City, OK)
Centros de servicio regionales	12 ubicaciones
Centros para cable de clientes	8 centros

OGE Energy Corp. (OGE) - Modelo de negocio: segmentos de clientes

Consumidores de electricidad residencial

OGE Energy atiende a aproximadamente 853,000 clientes residenciales en Oklahoma. El consumo promedio de electricidad residencial mensual es de 1,052 kWh por hogar.

Segmento de clientes	Número de clientes	Consumo mensual promedio
Consumidores residenciales	853,000	1.052 kWh

Negocios comerciales e industriales

OGE Energy proporciona electricidad a 141,000 clientes comerciales e industriales en Oklahoma.

• Las empresas comerciales representan el 35% de la base total de clientes
• Los clientes industriales representan el 15% de la demanda de electricidad
• Tasa de electricidad comercial promedio: $ 0.0865 por kWh

Proveedores de servicios públicos municipales

OGE Energy admite 22 proveedores de servicios públicos municipales en Oklahoma con distribución de electricidad mayorista.

Segmento de servicios públicos municipales	Número de proveedores	Electricidad total suministrada
Servicios públicos municipales	22	1.200 millones de kWh anualmente

Clientes del sector agrícola

Los clientes agrícolas representan aproximadamente el 5% de la base total de clientes de OGE Energy, con 42,500 conexiones de servicios agrícolas.

• Tarifas de electricidad agrícola especializadas disponibles
• Consumo promedio de electricidad agrícola: 2.300 kWh por mes

Instituciones gubernamentales e públicas

OGE Energy atiende a 6.500 clientes gubernamentales y de instituciones públicas en Oklahoma.

Segmento del sector público	Número de clientes	Gastos anuales de electricidad
Gobierno/Instituciones Públicas	6,500	$ 87.3 millones

OGE Energy Corp. (OGE) - Modelo de negocio: Estructura de costos

Mantenimiento de equipos de generación de energía

A partir del informe anual de 2023, OGE Energy Corp. gastó $ 98.3 millones en el mantenimiento de equipos de generación de energía en sus operaciones de servicios públicos.

Categoría de equipo	Gasto de mantenimiento
Infraestructura de transmisión	$ 42.6 millones
Instalaciones de generación	$ 55.7 millones

Costos de adquisición de combustible

En 2023, OGE Energy Corp. reportó gastos totales de adquisición de combustible de $ 213.4 millones.

• Adquisición de gas natural: $ 156.2 millones
• Adquisición de carbón: $ 57.2 millones

Compensación de empleados

La compensación total de los empleados para 2023 fue de $ 187.5 millones.

Categoría de compensación	Cantidad
Salario base	$ 124.3 millones
Beneficios	$ 41.6 millones
Bonos de rendimiento	$ 21.6 millones

Desarrollo y actualizaciones de infraestructura

OGE Energy Corp. invirtió $ 345.6 millones en desarrollo y actualizaciones de infraestructura durante 2023.

• Modernización de la cuadrícula: $ 156.2 millones
• Infraestructura de energía renovable: $ 189.4 millones

Gastos de cumplimiento regulatorio

Los costos de cumplimiento regulatorio totalizaron $ 67.8 millones en 2023.

Área de cumplimiento	Gasto
Regulaciones ambientales	$ 38.5 millones
Cumplimiento de seguridad	$ 29.3 millones

OGE Energy Corp. (OGE) - Modelo de negocio: flujos de ingresos

Ventas de electricidad a clientes residenciales

En 2022, OGE Energy Corp. informó ventas de electricidad residencial de 20.5 millones de megavatios (MWH), generando aproximadamente $ 1.2 mil millones en ingresos de este segmento de clientes.

Categoría de clientes	Ventas anuales (MWH)	Ingresos anuales
Clientes residenciales	20.5 millones	$ 1.2 mil millones

Contratos de energía comercial e industrial

Los contratos de energía comercial e industrial contribuyeron con $ 845 millones en ingresos para OGE Energy Corp. en 2022, lo que representa el 30.4% de las ventas totales de electricidad.

• Valor promedio del contrato: $ 2.3 millones
• Total de clientes comerciales servidos: 368
• Consumo de energía del sector industrial: 15.3 millones de MWh

Ingresos del proyecto de energía renovable

Los proyectos de energía renovable de OGE Energy generaron ingresos de $ 215 millones en 2022, con iniciativas eólicas y solares que representan el 7.8% de los ingresos totales de la compañía.

Fuente de energía renovable	Capacidad instalada	Ingresos anuales
Proyectos eólicos	870 MW	$ 135 millones
Proyectos solares	245 MW	$ 80 millones

Comercio de energía y operaciones de mercado

El comercio de energía y las operaciones de mercado generaron $ 180 millones en ingresos para OGE Energy Corp. en 2022, con transacciones de mercado mayoristas que representan un flujo de ingresos clave.

• Transacciones al por mayor del mercado de electricidad: $ 125 millones
• Derivados de energía y cobertura: $ 55 millones

Servicios de cuadrícula y tarifas de transmisión

Los servicios de la red y las tarifas de transmisión contribuyeron con $ 95 millones a los ingresos de OGE Energy Corp. en 2022, lo que refleja las capacidades de infraestructura y transmisión de la compañía.

Categoría de servicio	Ingresos anuales	Cuota de mercado
Servicios de transmisión	$ 68 millones	4.2%
Mantenimiento de la cuadrícula	$ 27 millones	1.6%

OGE Energy Corp. (OGE) - Canvas Business Model: Value Propositions

You're looking at what OGE Energy Corp. promises its customers-the core value they deliver to keep the lights on and support growth in Oklahoma and western Arkansas.

Highly reliable and resilient electric service (99.975% reliability rate)

OGE Energy Corp. emphasizes delivering power you can count on. They point to operational execution that resulted in an outstanding reliability performance for customers, even when facing severe weather events.

• Grid reliability rate maintained at 99.975% as of Q1 2025.
• Investments are ongoing to improve the safety and resiliency of the distribution and transmission grid.

Low electric rates compared to national averages

Affordability is a major selling point. OGE Energy Corp. consistently highlights that their rates are structured to be competitive, though they are seeking rate adjustments to cover necessary capital spending.

Here's the quick math on their rate position:

Metric	Value
Current Rate Comparison to National Average	Approximately 35% below the national average.
Residential Rate Increase (Effective July 1, 2024)	6.6 percent increase for residential customers.
Total Rate Increase (Across All Categories, Effective July 1, 2024)	4.5 percent increase.
Projected Average Residential Monthly Increase (Starting 2026)	$0.60 per month.
Projected Average Residential Monthly Increase (By 2031)	$4.81 per month.

What this estimate hides is that future increases are laddered, meaning the full impact isn't felt immediately.

Stable, essential utility service under a regulated monopoly model

As a regulated electric company, OGE Energy Corp. provides an essential service under the oversight of bodies like the Oklahoma Corporation Commission (OCC). This structure provides a degree of stability in operations and revenue recovery.

• Serves approximately 900,000 customers across its service territory.
• The electric company (OG&E) contributed earnings of $2.33 per diluted share in 2024.
• OGE Energy Corp. forecasts OG&E earnings of $2.43 per average diluted share for 2025.

Proactive infrastructure investment to support economic growth

OGE Energy Corp. is aggressively investing to meet growing demand, especially from sectors like data centers, which drove retail load growth to a projected 7.5% for all of 2025. This spending is designed to modernize the grid and secure future capacity.

The commitment to infrastructure is substantial:

Investment Focus	Planned Capital Expenditure (2025-2029)
Total 5-Year Capital Plan	$6.50 billion
New Natural Gas Generation (Horseshoe Lake)	448 megawatts (Units 13 & 14, in-service by end of 2029)
Combustion Turbines Under Construction	550 megawatts

The company expects to grow consolidated earnings per share annually between 5% and 7% from the midpoint of its 2025 guidance range.

Voluntary renewable energy programs for retail customers

OGE Energy Corp. offers programs allowing retail customers to support cleaner energy sources without installing their own equipment. They were the first utility in Oklahoma to offer a universal solar power program.

• Offers the Solar Power Program for apartments, homes, or businesses.
• Customers on the solar program switch to a SmartHours Fixed (Time-of-Use) rate for summer off-peak discounts.
• As of December 31, 2024, OGE operates wind farms totaling nearly 450 MW.
• As of December 31, 2024, OGE operates solar sites with 32.2 MW of capacity.

Finance: draft 13-week cash view by Friday.

OGE Energy Corp. (OGE) - Canvas Business Model: Customer Relationships

OGE Energy Corp. operates through its subsidiary, Oklahoma Gas and Electric Company (OG&E), which functions under a regulated service model.

Regulated service model with guaranteed service territory

OG&E is the regulated electric company providing service across a defined geographic area. The service territory covers approximately 30,000 square miles in Oklahoma and western Arkansas. As of the third quarter of 2025, OG&E served approximately 910,000 customers in this territory. The regulatory framework includes precedents like the Oklahoma Supreme Court affirming the Large-Load Exception to the Retail Electric Supplier Certified Territory Act (RESCTA), which impacts how service is extended to large customers near certified boundaries. This structure ensures a guaranteed service territory for OG&E Energy Corp.

Metric	Value (as of late 2025 data)	Reporting Period/Context
Regulated Customers Served	910,000	Q3 2025
Service Area Square Miles	30,000	General Service Territory
Q3 2025 Operating Revenues - Industrial	$319.1 million	Three Months Ended September 30, 2025

Automated self-service via online portals and mobile apps

Customers use digital channels for routine interactions. The company directs users to its Investor Center via www.oge.com for updates and information. The commitment to service is underscored by ongoing investments in infrastructure to support growing communities.

• Customer base expansion of 1% year-over-year (Q1 2025).
• Residential and commercial segments showed substantial growth (Q1 2025).
• OGE Energy Corp. is adding approximately 550 MW of new natural gas combustion turbine generation projects operational in 2026.
• Pre-approval received for Horseshoe Lake Units 13 and 14, totaling 448 megawatts, scheduled for service by the end of 2029.

Dedicated account management for large commercial/industrial customers

The utility actively manages relationships with major energy consumers, evidenced by ongoing infrastructure projects aimed at meeting increased demand. The company has noted roughly a half a dozen or so discussions in various stages of development with data center projects. This focus on large load growth requires dedicated planning and service coordination.

Community engagement and local service presence

OGE Energy Corp. emphasizes its role as a community partner. The OGE Energy Corp. Foundation supports local and regional nonprofit organizations in areas like education, health & human services, environment, arts & culture, and community development. The company has maintained dividend payments for 55 consecutive years and raised dividends for 19 straight years. The commitment is to provide excellent service to approximately 900,000 customers.

Call centers for billing, outage reporting, and service requests

The operational focus includes limiting impacts of severe weather and outages, which drives high utilization of service channels. The team is committed to delivering safe and reliable service, a core expectation for all customers interacting via service channels.

OGE Energy Corp. (OGE) - Canvas Business Model: Channels

You're looking at how OGE Energy Corp. gets its power from the plant to the end-user and how it communicates with everyone from the residential customer to the institutional investor. The physical network is the backbone, but the digital touchpoints are increasingly important for service delivery and investor relations.

The primary channel for delivering electricity is the physical infrastructure managed by the subsidiary OG&E. This network serves a defined territory, connecting generation assets to end-users across Oklahoma and western Arkansas. OGE Energy Corp. is actively investing in this channel, planning to spend a total of $6.50 billion between 2025 and 2029 specifically to maintain and improve the safety, resiliency, and reliability of its distribution and transmission grid and generation fleet.

Here's a snapshot of the scale of the physical delivery channel as of late 2025:

Metric	Value
Retail Customers Served	Approximately 896,000
Service Area Size	Approximately 30,000 square miles
Five-Year Capital Expenditure Plan (2025-2029)	$6.50 billion
Q3 2025 Fuel, Purchased Power, and Direct Transmission Expense	Surged 11% year over year

For the commercial and industrial (C&I) segments, OGE Energy Corp. uses more direct engagement channels, often tied to energy efficiency and demand management programs. The Commercial Energy Efficiency Program (CEEP) is an umbrella approach designed to address the unique needs of this customer base. This program utilizes several targeted paths for participation, which function as specialized service delivery channels. For context on the revenue these segments generate, in the three months ended December 31, 2024, Commercial revenues were $213.0 million and Industrial revenues were $64.1 million.

The CEEP structure itself highlights the specialized channels for C&I customers:

• Commercial and Industrial Solutions (CIS).
• Schools and Government Efficiency (SAGE).
• Small Business Direct Install (SBDI).
• Small Business Midstream (Midstream).
• HVAC Replacement and Tune-Up (C&I HVAC).
• Continuous Energy Improvement (CEI).

Shareholder communication is channeled through the dedicated Investor Center website, located at www.oge.com. This platform is the primary hub for accessing official disclosures and updates. For instance, the Q3 2025 OGE Energy Corp. Earnings Conference Call was made available via webcast through this center on October 29, 2025. This digital access point ensures that financial stakeholders can easily review filings, fact sheets, and governance information.

Customer service centers and digital platforms provide the day-to-day interaction points for the residential and general customer base. The company actively promotes digital self-service options, including an app where customers can pay their bill, view energy usage, and report/monitor outages. The company also offers Paperless Billing and Average Monthly Billing options to help customers manage costs. Reliability metrics are also communicated through these channels; for outages experienced last year (2024), 98% of customers were restored within 24 hours.

Here are key service and digital channel statistics:

Channel/Metric	Detail/Value
Primary Digital Access Point	OGE.com and the OG&E App
Outage Restoration Rate (Previous Year)	98% within 24 hours
Customer Support Phone (OKC Metro)	(405) 272-9741
Customer Support Phone (All Other Areas)	(800) 272-9741

Finance: draft 13-week cash view by Friday.

OGE Energy Corp. (OGE) - Canvas Business Model: Customer Segments

You're looking at OGE Energy Corp.'s customer base, which is the bedrock of their regulated utility business. Honestly, the numbers tell a clear story about where the revenue and the growth are coming from right now.

As of the first quarter of 2025, OGE Energy Corp., through its subsidiary OG&E, was providing retail electric service to approximately 909,000 customers across Oklahoma and western Arkansas. The company saw a 1% customer growth rate year-over-year in Q1 2025, showing steady, if not explosive, overall customer acquisition. The real story, though, is in the load growth, which management noted was an 8% year-over-year increase in demand for that quarter.

Here is a breakdown of the key customer classes based on the most recent full-year financial data available, which is for the year ended December 31, 2024:

Customer Segment	Operating Revenues (Year Ended Dec 31, 2024 - in millions)	Q1 2025 Load Growth
Residential customers	$1,148.5	3%
Commercial customers	$839.1	28%
Industrial customers	$254.1	Softness due to outages

Residential customers remain the largest volume segment by revenue, which is typical for a regulated electric utility, representing a stable base of demand. Still, the growth momentum in early 2025 was clearly leaning elsewhere.

Commercial customers, which include retail operations and offices, showed impressive strength in early 2025. You saw a 28% load growth in this segment during the first quarter of 2025, which is a massive jump compared to the residential segment's 3% growth in the same period. This suggests strong economic activity in their service territory, particularly in the commercial sector.

Industrial customers, which are inherently high-load users, including those in oilfield operations, showed some softness in Q1 2025, partially attributed to outages. Their revenue contribution for the full year 2024 was $254.1 million. This segment is critical for overall system load but can be more volatile based on commodity cycles and operational issues.

OGE Energy Corp. also serves other necessary segments:

• Public authorities and municipalities: Providing essential service for street lighting and government facilities across their service area.
• These customers are vital for long-term contractual stability, even if their revenue contribution is smaller than the top three classes.

The future growth story is definitely tied to large-scale energy users. Management specifically highlighted ongoing discussions with high-growth data center clients, including Google. Addressing the potential generation needs for these large-load economic development projects will require separate regulatory filings as those specific agreements are finalized. This is where you see the utility positioning itself for significant future demand increases beyond the current residential and commercial trends.

Finance: draft 13-week cash view by Friday.

OGE Energy Corp. (OGE) - Canvas Business Model: Cost Structure

You're looking at the major costs OGE Energy Corp. incurs to keep the lights on and fund its growth initiatives. For a regulated utility, the cost structure is heavily weighted toward physical assets and the cost of financing them.

High capital expenditures for infrastructure upgrades represent a massive, multi-year commitment. OGE Energy initially outlined a five-year capital expenditure plan totaling $6.25 billion from 2025-2029, focused on distribution, transmission, and generation reliability. More recently, an updated plan, spurred by pre-approval for new natural gas turbines, projects expenditures totaling $7.285 billion from 2026 to 2030. This spending is key to supporting the company's 5% to 7% annual consolidated earnings per share growth target.

The day-to-day running costs are dominated by energy procurement. Fuel, purchased power, and direct transmission expenses fluctuate based on commodity prices and weather. For the first quarter ending March 31, 2025, this expense was $324.0 million. By the third quarter ending September 30, 2025, this figure rose to $388.5 million for the quarter.

Operation and maintenance (O&M) expenses cover everything from routine upkeep to employee costs. The cost structure for the nine months ended September 30, 2025, shows significant components:

Expense Category (In millions)	Three Months Ended Sept 30, 2025	Nine Months Ended Sept 30, 2025
Other Operation and Maintenance	$143.5	$391.6
Depreciation and Amortization	$146.7	$424.7
Taxes other than income	$25.2	$82.6

Financing these massive asset investments leads directly to interest expense on long-term debt. As OGE Energy Corp. continues to finance its growing rate base, interest costs are a material outflow. For the three months ended September 30, 2025, interest on long-term debt was $66.4 million, accumulating to $194.4 million for the first nine months of 2025. You should note that higher interest expense was cited as a factor contributing to the increased net loss in Other Operations for the third quarter of 2025.

Regulatory compliance and depreciation costs are intertwined in the utility model. Depreciation expense for the nine months ended September 30, 2025, totaled $424.7 million. Furthermore, OGE Energy Corp. has regulatory mechanisms in place, such as the amortization of deferred costs related to Winter Storm Uri over 10 years, which impacts the cost recovery structure.

Here's a quick look at the major quarterly cost line items for OGE Energy Corp. as of late 2025:

• Fuel, Purchased Power and Direct Transmission Expense (3Q 2025): $388.5 million.
• Interest Expense (3Q 2025): $69.6 million.
• Depreciation and Amortization (3Q 2025): $146.7 million.
• Total Operating Expenses (3Q 2025): $899.5 million.
• Capital Expenditures (2025-2029 Plan): $6.25 billion.

OGE Energy Corp. (OGE) - Canvas Business Model: Revenue Streams

You're looking at where OGE Energy Corp. brings in the money, which is heavily dependent on its regulated utility, Oklahoma Gas and Electric Company (OG&E). The core of the revenue stream is the sale of electricity to its customer base across Oklahoma and western Arkansas. This includes sales to residential customers, commercial businesses, and industrial users.

A significant, though often less visible, component of the revenue is transmission service fees. These are revenues derived from the use of OG&E's transmission network, which are regulated by the Federal Energy Regulatory Commission (FERC). This regulated structure provides a predictable revenue base, which is a key feature of the utility business model. Anyway, the growth in revenue is clearly tied to customer activity; the utility reported approximately 1% customer growth year-over-year in the third quarter of 2025.

The recovery of capital investments is absolutely crucial for OGE Energy Corp.'s revenue health. This happens through the regulated rate base, meaning the company gets to earn a return on its investments in infrastructure, like power plants and grid upgrades, as approved by regulators. This mechanism is the primary driver for utility earnings growth. For instance, OG&E's electric utility business contributed earnings of $1.20 per diluted share in Q3 2025, up from $1.12 in the prior year period, largely due to this recovery.

The company is actively investing to support future revenue. They have approximately 550 MW of new natural gas combustion turbine generation projects under construction, expected to be operational in 2026. Plus, they updated their capital plan to include the $250 million Fort Smith to Muskogee transmission line, slated to go into service in phases between 2027 and 2029. These investments are what you need to track to understand future rate base growth. The weather-normalized load growth is strong, projected to hit 7.5% for the full year 2025, which directly fuels higher sales volumes.

Here's a quick look at the top-line and bottom-line figures from the latest reporting period and the full-year outlook. Honestly, the consolidated operating revenue for the third quarter of 2025 came in at $1.05 billion, slightly beating analyst expectations. The company is maintaining a confident stance on its full-year performance.

Here are the key financial metrics as of late 2025:

Metric	Value	Period/Context
Q3 2025 Total Operating Revenue	$1.05 billion	Three months ended September 30, 2025
Consolidated Net Income	$231.3 million	Q3 2025
OG&E Net Income	$242.9 million	Q3 2025
Consolidated EPS	$1.14 per diluted share	Q3 2025
OG&E EPS Contribution	$1.20 per diluted share	Q3 2025
Other Operations EPS Impact	Loss of $0.06 per diluted share	Q3 2025
Consolidated 2025 EPS Guidance Midpoint	$2.27 per diluted share	Full Year 2025 Projection

The revenue generation is supported by several key operational drivers:

• Weather-normalized load growth expected to reach 7.5% for full year 2025.
• Year-over-year customer growth just under 1% in Q3 2025.
• Natural gas fuel cost at 3.190 cents/kWh in Q3 2025.
• New generation capacity of approximately 550 MW under construction.
• Long-term EPS growth target of 5% to 7% through 2029.

The regulated utility segment, OG&E, is the engine, delivering $242.9 million in net income for the quarter, while the holding company operations, or Other Operations, posted a loss of $11.6 million for the same period. This split shows where the real revenue power lies. You'll want to monitor the regulatory filings for the recovery of those large capital expenditures, as that directly impacts future earnings stability. Finance: draft 13-week cash view by Friday.