OGE Energy Corp. (OGE): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage dynamique de l'innovation énergétique, Oge Energy Corp. émerge comme une puissance stratégique, transformant les opérations traditionnelles des services publics à travers un modèle commercial méticuleusement conçu qui équilibre la fiabilité, la durabilité et les progrès technologiques. En intégrant de manière transparente des solutions d'énergie renouvelable, des infrastructures intelligentes et des approches centrées sur le client, OGE s'est positionné comme un fournisseur de services publics avant-gardiste qui va au-delà de la simple distribution d'électricité, créant de la valeur grâce à des écosystèmes d'énergie complets qui s'adaptent à l'évolution des demandes du marché et des défis environnementaux.

OGE Energy Corp. (OGE) - Modèle commercial: partenariats clés

Partenariats électriques des services publics en Oklahoma et régions environnantes

Oge Energy Corp. maintient des partenariats stratégiques avec les entités électriques suivantes:

Partenaire	Détails du partenariat	Couverture géographique
Compagnie de service public de l'Oklahoma (PSO)	Gestion conjointe des infrastructures de transmission	Régions de l'Oklahoma et de l'Arkansas
Western Farmers Electric Cooperative	Collaboration de production d'électricité et de distribution	Oklahoma et États environnants

Fournisseurs de technologies d'énergie renouvelable

Oge Energy Corp. collabore avec les partenaires des technologies renouvelables:

• First Solar Inc. - Intégration de la technologie du panneau solaire
• Vestas Wind Systems - Développement d'infrastructures d'éoliennes
• General Electric Renewable Energy - Solutions renouvelables à l'échelle du réseau

Fabricants d'équipements d'infrastructure de grille

Les partenariats de fabrication d'équipements clés comprennent:

Fabricant	Type d'équipement	Volume de l'offre annuelle
Siemens Energy	Transformateurs de transmission	42 unités par an
Abb Ltd.	Systèmes d'appareillage et de protection	38 unités par an

Collaborateurs de distribution et de transmission d'énergie

Oge Energy Corp. maintient des partenariats de distribution critiques:

• Pool de puissance du sud-ouest - Organisation régionale de transmission
• American Electric Power (AEP) - Accords d'interconnexion
• Nextera Energy Resources - Transmission d'énergie renouvelable

Agences de réglementation gouvernementales

Engagements de partenariat réglementaire:

Agence	Focus de la collaboration	Zones de conformité réglementaire
Oklahoma Corporation Commission	Réglementation des services publics au niveau de l'État	Réglage des taux, approbation des infrastructures
Commission fédérale de la réglementation de l'énergie (FERC)	Surveillance du marché fédéral de l'énergie	Règlements de transmission interétatique

Oge Energy Corp. (OGE) - Modèle d'entreprise: activités clés

Génération et distribution d'énergie électrique

Oge Energy Corp. génère environ 4 573 mégawatts d'électricité dans ses installations de production d'électricité. L'entreprise exploite plusieurs centrales électriques au gaz naturel et au charbon dans l'Oklahoma et les régions environnantes.

Type de génération	Capacité (MW)	Pourcentage
Gaz naturel	3,872	84.7%
Charbon	701	15.3%

Développement du projet d'énergie renouvelable

OGE s'est engagé à investir 1,2 milliard de dollars dans les infrastructures d'énergie renouvelable d'ici 2025. Le portefeuille actuel des énergies renouvelables comprend:

• Génération d'énergie éolienne: 520 MW
• Projets d'énergie solaire: 150 MW
• Emplacements du parc éolien: Oklahoma et Texas

Maintenance des infrastructures de grille

Oge maintient environ 54 000 miles de lignes de transmission et de distribution à travers l'Oklahoma. L'investissement annuel sur les infrastructures est d'environ 350 millions de dollars.

Composant d'infrastructure	Kilomètres totaux	Coût de maintenance annuel
Lignes de transmission	9,500	125 millions de dollars
Lignes de distribution	44,500	225 millions de dollars

Trading d'énergie et gestion des risques

Le portefeuille de trading d'énergie d'Oge gère environ 2,3 milliards de dollars de contrats énergétiques. Les stratégies de gestion des risques se concentrent sur les fluctuations des prix du gaz naturel et de l'électricité.

Service client et solutions énergétiques

OGE dessert plus de 870 000 clients électriques en Oklahoma avec un budget de service client annuel de 85 millions de dollars.

• Clients résidentiels: 726 000
• Clients commerciaux: 124 000
• Clients industriels: 20 000

Oge Energy Corp. (OGE) - Modèle d'entreprise: Ressources clés

Installations de production d'électricité

En 2024, Oge Energy Corp. possède et exploite:

Type de génération	Capacité (MW)	Nombre d'installations
Centrales de gaz naturel	4 236 MW	6 installations
Production d'énergie éolienne	824 MW	3 parcs éoliens

Infrastructure de transmission et de distribution

Détails de l'infrastructure d'Oge Energy Corp.:

• Lignes de transmission électrique totale: 6 707 miles de circuit
• Lignes de distribution: 54 000 miles
• Zone de service: 30 000 miles carrés en Oklahoma

Expertise technique sur la main-d'œuvre et l'ingénierie

Catégorie des employés	Nombre d'employés
Total de main-d'œuvre	2 350 employés
Professionnels de l'ingénierie	387 ingénieurs

Capital financier pour les investissements énergétiques

Ressources financières à partir de 2024:

• Actif total: 16,2 milliards de dollars
• Dépenses en capital annuelles: 1,1 milliard de dollars
• Cash et équivalents de trésorerie: 275 millions de dollars

Technologies avancées de gestion de l'énergie

Type de technologie	Statut d'implémentation
Technologie de grille intelligente	Déployé sur 90% du territoire de service
Infrastructure de mesure avancée	Couvre 1,2 million de points de terminaison des clients
Systèmes de stockage d'énergie	Capacité de stockage de batterie de 50 MW

OGE Energy Corp. (OGE) - Modèle d'entreprise: propositions de valeur

Alimentation électrique fiable pour les clients résidentiels et commerciaux

Oge Energy Corp. dessert environ 867 000 clients électriques à travers l'Oklahoma. La société maintient une capacité de génération totale de 5 940 mégawatts à partir de 2023.

Segment de clientèle	Nombre de clients	Aire de service
Résidentiel	755,000	Oklahoma
Commercial	112,000	Oklahoma

Accent croissant sur les solutions d'énergie durable et renouvelable

Oge Energy Corp. s'est engagé à réduire les émissions de carbone par 50% d'ici 2030. Le portefeuille des énergies renouvelables de l'entreprise comprend:

• Production d'énergie éolienne: 874 MW
• Projets d'énergie solaire: 128 MW
• Capacité de stockage de la batterie: 99 MW

Prix ​​compétitifs sur les marchés de l'énergie

Tarification métrique	Coût moyen	Comparaison avec la moyenne nationale
Taux d'électricité résidentiel	0,11 $ par kWh	7% inférieur à la moyenne nationale
Taux d'électricité commercial	0,0825 $ par kWh	12% en dessous de la moyenne nationale

Programmes avancés d'efficacité énergétique

OGE propose des programmes d'efficacité énergétique avec l'impact suivant:

• Économies d'énergie annuelles: 132 000 MWh
• Remacées des clients: 12,4 millions de dollars en 2022
• Mesures d'efficacité énergétique mise en œuvre: 42 programmes différents

Services de support client réactifs

Métrique de soutien	Performance
Temps de réponse moyen	45 minutes
Évaluation de satisfaction du client	4.6/5
Canaux de support 24/7	Téléphone, en ligne, application mobile

Oge Energy Corp. (OGE) - Modèle d'entreprise: relations avec les clients

Plates-formes de fiançailles clients numériques

Oge Energy Corp. exploite une plate-forme de fiançailles client numérique complète avec les principales caractéristiques suivantes:

Fonctionnalité de plate-forme	Métriques des utilisateurs
Téléchargements d'applications mobiles	Plus de 250 000 utilisateurs actifs
Gestion de compte en ligne	82% des clients utilisant des services numériques
Temps d'interaction numérique moyen	7,5 minutes par session

Informations sur la consommation d'énergie personnalisées

OGE fournit une analyse détaillée de la consommation d'énergie à travers:

• Tableau de bord de suivi de l'énergie en temps réel
• Recommandations d'efficacité énergétique personnalisées
• Rapports d'utilisation comparative contre les moyennes régionales

Contrats de service à long terme

Type de contrat	Pourcentage de clientèle	Durée du contrat moyen
Accords résidentiels à long terme	45%	3-5 ans
Contrats de services commerciaux	62%	5-7 ans

Systèmes de facturation et de soutien en ligne

Soutien des mesures de performance des canaux:

Canal de support	Temps de réponse	Taux de satisfaction client
Assistance de chat en ligne	Moins de 3 minutes	89%
Assistance par e-mail	Dans les 24 heures	85%
Support téléphonique	Temps d'attente moyen 4,2 minutes	92%

Initiatives d'engagement communautaire

Oge Energy Corp. Métriques d'engagement communautaire:

• Investissement communautaire annuel: 1,2 million de dollars
• Programmes d'éducation énergétique: 35 écoles atteintes
• Événements de sensibilisation aux énergies renouvelables: 12 par an
• Participation des clients aux programmes d'énergie verte: 22%

Oge Energy Corp. (OGE) - Modèle d'entreprise: canaux

Portail client en ligne

Oge Energy fournit un portail client en ligne avec les fonctionnalités suivantes:

Caractéristique du portail	Disponibilité
Paiement de facture	Accès 24/7
Suivi de la consommation d'énergie	Données en temps réel
Gestion des comptes	Options complètes de libre-service

Application mobile

Spécifications de l'application mobile OGE:

• Disponible sur les plateformes iOS et Android
• Plus de 250 000 utilisateurs mensuels actifs
• Prend en charge le paiement de la facture mobile
• Fournit des fonctionnalités de rapports sur les panneaux

Représentants des ventes directes

Oge Energy maintient une équipe de vente dédiée avec la structure suivante:

Catégorie de vente	Nombre de représentants
Ventes résidentielles	85 représentants
Ventes commerciales	42 représentants
Ventes industrielles	23 représentants

Centres d'appels de service client

OGE Energy exploite des centres de service à la clientèle avec les mesures suivantes:

• 3 centres d'appels primaires
• Temps de réponse moyen: 2,5 minutes
• Volume d'appels annuels: 1,2 million d'appels
• Évaluation de satisfaction du client: 87%

Emplacements de bureaux locaux

Oge Energy maintient la présence de bureau physique:

Type d'emplacement	Nombre de bureaux
Siège principal	1 (Oklahoma City, OK)
Centres de services régionaux	12 emplacements
Centres de rendez-vous des clients	8 centres

OGE Energy Corp. (OGE) - Modèle d'entreprise: segments de clientèle

Consommateurs d'électricité résidentielle

Oge Energy dessert environ 853 000 clients résidentiels en Oklahoma. La consommation mensuelle moyenne d'électricité résidentielle est de 1 052 kWh par ménage.

Segment de clientèle	Nombre de clients	Consommation mensuelle moyenne
Consommateurs résidentiels	853,000	1 052 kWh

Entreprises commerciales et industrielles

Oge Energy fournit de l'électricité à 141 000 clients commerciaux et industriels à travers l'Oklahoma.

• Les entreprises commerciales représentent 35% de la clientèle totale
• Les clients industriels représentent 15% de la demande d'électricité
• Taux d'électricité commercial moyen: 0,0865 $ par kWh

Fournisseurs de services publics municipaux

OGE Energy soutient 22 fournisseurs de services publics municipaux en Oklahoma avec une distribution d'électricité en gros.

Segment des services publics municipaux	Nombre de prestataires	Électricité totale fournie
Services publics municipaux	22	1,2 milliard de kWh par an

Clients du secteur agricole

Les clients agricoles représentent environ 5% de la clientèle totale d'Oge Energy, avec 42 500 connexions de services agricoles.

• Tarifs d'électricité agricole spécialisés disponibles
• Consommation moyenne de l'électricité agricole: 2 300 kWh par mois

Institutions gouvernementales et publiques

Oge Energy dessert 6 500 clients du gouvernement et des établissements publics à travers l'Oklahoma.

Segment du secteur public	Nombre de clients	Dépenses d'électricité annuelles
Institutions gouvernementales / publiques	6,500	87,3 millions de dollars

Oge Energy Corp. (OGE) - Modèle d'entreprise: Structure des coûts

Entretien de l'équipement de production d'énergie

En ce qui concerne le rapport annuel de 2023, Oge Energy Corp. a dépensé 98,3 millions de dollars pour la maintenance des équipements de production d'électricité dans ses opérations de services publics.

Catégorie d'équipement	Dépenses d'entretien
Infrastructure de transmission	42,6 millions de dollars
Installations de génération	55,7 millions de dollars

Coûts d'approvisionnement en carburant

En 2023, Oge Energy Corp. a déclaré des frais totaux d'approvisionnement en carburant de 213,4 millions de dollars.

• Aachat de gaz naturel: 156,2 millions de dollars
• Procurement de charbon: 57,2 millions de dollars

Compensation des employés

La rémunération totale des employés pour 2023 était de 187,5 millions de dollars.

Catégorie de compensation	Montant
Salaire de base	124,3 millions de dollars
Avantages	41,6 millions de dollars
Bonus de performance	21,6 millions de dollars

Développement et mises à niveau des infrastructures

Oge Energy Corp. a investi 345,6 millions de dollars dans le développement des infrastructures et les mises à niveau en 2023.

• Modernisation de la grille: 156,2 millions de dollars
• Infrastructure d'énergie renouvelable: 189,4 millions de dollars

Frais de conformité réglementaire

Les coûts de conformité réglementaire ont totalisé 67,8 millions de dollars en 2023.

Zone de conformité	Dépense
Règlements environnementaux	38,5 millions de dollars
Conformité à la sécurité	29,3 millions de dollars

OGE Energy Corp. (OGE) - Modèle d'entreprise: Strots de revenus

Ventes d'électricité aux clients résidentiels

En 2022, Oge Energy Corp. a déclaré des ventes d'électricité résidentielle de 20,5 millions de mégawatts (MWH), générant environ 1,2 milliard de dollars de revenus de ce segment de clientèle.

Catégorie client	Ventes annuelles (MWH)	Revenus annuels
Clients résidentiels	20,5 millions	1,2 milliard de dollars

Contrats énergétiques commerciaux et industriels

Les contrats énergétiques commerciaux et industriels ont contribué 845 millions de dollars de revenus pour Oge Energy Corp. en 2022, ce qui représente 30,4% des ventes totales d'électricité.

• Valeur du contrat moyen: 2,3 millions de dollars
• Total des clients commerciaux servis: 368
• Consommation d'énergie du secteur industriel: 15,3 millions de MWh

Revenus du projet d'énergie renouvelable

Les projets d'énergie renouvelable d'Oge Energy ont généré 215 millions de dollars de revenus en 2022, les initiatives éoliennes et solaires représentant 7,8% du total des revenus de l'entreprise.

Source d'énergie renouvelable	Capacité installée	Revenus annuels
Projets éoliens	870 MW	135 millions de dollars
Projets solaires	245 MW	80 millions de dollars

Trading d'énergie et opérations du marché

Les opérations de négociation d'énergie et de marché ont généré 180 millions de dollars de revenus pour OGE Energy Corp. en 2022, avec des transactions de marché en gros représentant une source de revenus clé.

• Transactions sur le marché de l'électricité en gros: 125 millions de dollars
• Dérivés d'énergie et couverture: 55 millions de dollars

Services de grille et frais de transmission

Les services de grille et les frais de transmission ont contribué 95 millions de dollars aux revenus d'Oge Energy Corp. en 2022, reflétant les capacités de l'infrastructure et de la transmission de l'entreprise.

Catégorie de service	Revenus annuels	Part de marché
Services de transmission	68 millions de dollars	4.2%
Maintenance de la grille	27 millions de dollars	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.