OGE Energy Corp. (OGE): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico da inovação energética, a OGE Energy Corp. surge como uma potência estratégica, transformando operações de utilidade tradicionais por meio de um modelo de negócios meticulosamente criado que equilibra confiabilidade, sustentabilidade e avanço tecnológico. Ao integrar perfeitamente soluções de energia renovável, infraestrutura inteligente e abordagens centradas no cliente, a OGE se posicionou como um fornecedor de utilidade de visão de futuro que vai além da mera distribuição de eletricidade, criando valor por meio de ecossistemas de energia abrangentes que se adaptam à evolução das demandas e desafios ambientais do mercado.

OGE Energy Corp. (OGE) - Modelo de Negócios: Principais Parcerias

Parcerias de serviços públicos elétricos em Oklahoma e regiões vizinhas

A OGE Energy Corp. mantém parcerias estratégicas com as seguintes entidades de utilidade elétrica:

Parceiro	Detalhes da parceria	Cobertura geográfica
Empresa de Serviço Público de Oklahoma (PSO)	Gerenciamento de infraestrutura de transmissão conjunta	Regiões de Oklahoma e Arkansas
Cooperativa elétrica dos agricultores ocidentais	Geração de energia e colaboração de distribuição	Oklahoma e estados vizinhos

Provedores de tecnologia de energia renovável

A OGE Energy Corp. colabora com parceiros de tecnologia renovável:

• First Solar Inc. - Integração de tecnologia do painel solar
• Vestas Wind Systems - Desenvolvimento de infraestrutura de turbinas eólicas
• Energia renovável em geral - soluções renováveis ​​em escala de grade

Fabricantes de equipamentos de infraestrutura de grade

As parcerias de fabricação de equipamentos -chave incluem:

Fabricante	Tipo de equipamento	Volume anual de oferta
Siemens Energy	Transformadores de transmissão	42 unidades por ano
Abb Ltd.	Sistemas de distribuição e proteção	38 unidades por ano

Distribuição de energia e colaboradores de transmissão

OGE Energy Corp. mantém parcerias críticas de distribuição:

• Southwest Power Pool - Organização de Transmissão Regional
• American Electric Power (AEP) - Acordos de interconexão
• NEXTERA Energy Resources - Transmissão de energia renovável

Agências regulatórias do governo

Compromissos de parceria regulatória:

Agência	Foco de colaboração	Áreas de conformidade regulatória
Comissão da Corporação de Oklahoma	Regulamentação de utilidade em nível estadual	Configuração da taxa, aprovação de infraestrutura
Comissão Federal de Regulamentação de Energia (FERC)	Supervisão do mercado de energia federal	Regulamentos de transmissão interestaduais

OGE Energy Corp. (OGE) - Modelo de negócios: Atividades -chave

Geração e distribuição de energia elétrica

A OGE Energy Corp. gera aproximadamente 4.573 megawatts de eletricidade em suas instalações de geração de energia. A empresa opera várias usinas a gás natural e a carvão em Oklahoma e nas regiões vizinhas.

Tipo de geração	Capacidade (MW)	Percentagem
Gás natural	3,872	84.7%
Carvão	701	15.3%

Desenvolvimento de projetos de energia renovável

A OGE se comprometeu a investir US $ 1,2 bilhão em infraestrutura de energia renovável até 2025. O atual portfólio de energia renovável inclui:

• Geração de energia eólica: 520 MW
• Projetos de energia solar: 150 MW
• Locais do parque eólico: Oklahoma e Texas

Manutenção da infraestrutura da grade

OGE mantém aproximadamente 54.000 milhas de linhas de transmissão e distribuição em Oklahoma. O investimento anual de infraestrutura é de aproximadamente US $ 350 milhões.

Componente de infraestrutura	Miles totais	Custo de manutenção anual
Linhas de transmissão	9,500	US $ 125 milhões
Linhas de distribuição	44,500	US $ 225 milhões

Negociação de energia e gerenciamento de riscos

O portfólio de negociação de energia da OGE gerencia aproximadamente US $ 2,3 bilhões em contratos de energia. As estratégias de gerenciamento de riscos se concentram na cobertura das flutuações de preços de gás natural e eletricidade.

Atendimento ao cliente e soluções de energia

A OGE atende a mais de 870.000 clientes elétricos em Oklahoma com um orçamento anual de atendimento ao cliente de US $ 85 milhões.

• Clientes residenciais: 726.000
• Clientes comerciais: 124.000
• Clientes industriais: 20.000

OGE Energy Corp. (OGE) - Modelo de negócios: Recursos -chave

Instalações de geração de energia

A partir de 2024, a OGE Energy Corp. possui e opera:

Tipo de geração	Capacidade (MW)	Número de instalações
Usinas a gás natural	4.236 MW	6 instalações
Geração de energia eólica	824 MW	3 parques eólicos

Infraestrutura de transmissão e distribuição

OGE Energy Corp. Detalhes da infraestrutura:

• Total de linhas de transmissão elétrica: 6.707 milhas de circuito
• Linhas de distribuição: 54.000 milhas
• Área de serviço: 30.000 milhas quadradas em Oklahoma

Força de trabalho técnica e experiência em engenharia

Categoria de funcionários	Número de funcionários
Força de trabalho total	2.350 funcionários
Profissionais de engenharia	387 engenheiros

Capital financeiro para investimentos em energia

Recursos Financeiros a partir de 2024:

• Total de ativos: US $ 16,2 bilhões
• Despesas com capital anual: US $ 1,1 bilhão
• Caixa e equivalentes em dinheiro: US $ 275 milhões

Tecnologias avançadas de gerenciamento de energia

Tipo de tecnologia	Status de implementação
Tecnologia de grade inteligente	Implantado em 90% do território de serviço
Infraestrutura de medição avançada	Cobre 1,2 milhão de terminais de clientes
Sistemas de armazenamento de energia	Capacidade de armazenamento de bateria de 50 MW

OGE Energy Corp. (OGE) - Modelo de Negócios: Proposições de Valor

Fornecimento de eletricidade confiável para clientes residenciais e comerciais

A OGE Energy Corp. atende aproximadamente 867.000 clientes elétricos em Oklahoma. A empresa mantém uma capacidade total de geração de 5.940 megawatts a partir de 2023.

Segmento de clientes	Número de clientes	Área de serviço
residencial	755,000	Oklahoma
Comercial	112,000	Oklahoma

Foco crescente em soluções de energia sustentável e renovável

A OGE Energy Corp. se comprometeu a reduzir as emissões de carbono por 50% até 2030. O portfólio de energia renovável da empresa inclui:

• Geração de energia eólica: 874 MW
• Projetos de energia solar: 128 MW
• Capacidade de armazenamento de bateria: 99 MW

Preços competitivos em mercados de energia

Métrica de precificação	Custo médio	Comparação com a média nacional
Taxa de eletricidade residencial	US $ 0,11 por kWh	7% abaixo da média nacional
Taxa de eletricidade comercial	US $ 0,0825 por kWh	12% abaixo da média nacional

Programas avançados de eficiência energética

OGE oferece programas de eficiência energética com o seguinte impacto:

• Economia anual de energia: 132.000 mwh
• Descontos de clientes: US $ 12,4 milhões em 2022
• Medidas de eficiência energética implementadas: 42 programas diferentes

Serviços de suporte ao cliente responsivos

Métrica de suporte	Desempenho
Tempo médio de resposta	45 minutos
Classificação de satisfação do cliente	4.6/5
Canais de suporte 24/7	Telefone, online, aplicativo móvel

OGE Energy Corp. (OGE) - Modelo de Negócios: Relacionamentos do Cliente

Plataformas de engajamento de clientes digitais

A OGE Energy Corp. opera uma plataforma abrangente de engajamento de clientes digitais com os seguintes recursos principais:

Recurso da plataforma	Métricas de usuário
Downloads de aplicativos móveis	Mais de 250.000 usuários ativos
Gerenciamento de contas on -line	82% dos clientes usando serviços digitais
Tempo médio de interação digital	7,5 minutos por sessão

Insights de uso de energia personalizados

OGE fornece análises detalhadas de consumo de energia através de:

• Painel de rastreamento de energia em tempo real
• Recomendações personalizadas de eficiência energética
• Relatórios de uso comparativo contra médias regionais

Contratos de serviço de longo prazo

Tipo de contrato	Porcentagem de base de clientes	Duração média do contrato
Acordos residenciais de longo prazo	45%	3-5 anos
Contratos de Serviço Comercial	62%	5-7 anos

Sistemas de cobrança e suporte online

Suportar métricas de desempenho do canal:

Canal de suporte	Tempo de resposta	Taxa de satisfação do cliente
Suporte de bate -papo online	Abaixo de 3 minutos	89%
Suporte por e -mail	Dentro de 24 horas	85%
Suporte telefônico	Tempo médio de espera 4,2 minutos	92%

Iniciativas de engajamento da comunidade

Métricas de engajamento comunitário da OGE Energy Corp.:

• Investimento comunitário anual: US $ 1,2 milhão
• Programas de educação energética: 35 escolas alcançaram
• Eventos de conscientização sobre energia renovável: 12 por ano
• Participação do cliente em programas de energia verde: 22%

OGE Energy Corp. (OGE) - Modelo de Negócios: Canais

Portal de clientes on -line

A OGE Energy fornece um portal de clientes on -line os seguintes recursos:

Recurso do portal	Disponibilidade
Pagamento da conta	Acesso 24/7
Rastreamento de uso de energia	Dados em tempo real
Gerenciamento de contas	Opções completas de autoatendimento

Aplicativo móvel

Especificações de aplicativos móveis OGE:

• Disponível em plataformas iOS e Android
• Mais de 250.000 usuários mensais ativos
• Suporta o pagamento da conta móvel
• Fornece funcionalidade de relatório de interrupção

Representantes de vendas diretas

A OGE Energy mantém uma equipe de vendas dedicada com a seguinte estrutura:

Categoria de vendas	Número de representantes
Vendas residenciais	85 representantes
Vendas comerciais	42 representantes
Vendas industriais	23 representantes

Centros de atendimento ao cliente

A OGE Energy opera centros de atendimento ao cliente com as seguintes métricas:

• 3 call centers primários
• Tempo médio de resposta: 2,5 minutos
• Volume anual de chamada: 1,2 milhão de chamadas
• Classificação de satisfação do cliente: 87%

Locais locais do escritório

OGE Energy mantém a presença física do escritório:

Tipo de localização	Número de escritórios
Sede principal	1 (Oklahoma City, OK)
Centros de Serviço Regional	12 locais
Centros de Walk-In de clientes	8 centros

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

Consumidores de eletricidade residencial

A OGE Energy atende a aproximadamente 853.000 clientes residenciais em Oklahoma. O consumo médio mensal de eletricidade residencial é de 1.052 kWh por família.

Segmento de clientes	Número de clientes	Consumo mensal médio
Consumidores residenciais	853,000	1.052 kWh

Empresas comerciais e industriais

A OGE Energy fornece eletricidade a 141.000 clientes comerciais e industriais em Oklahoma.

• Empresas comerciais representam 35% da base total de clientes
• Clientes industriais representam 15% da demanda de eletricidade
• Taxa média de eletricidade comercial: US $ 0,0865 por kWh

Provedores de serviços públicos municipais

A OGE Energy suporta 22 provedores de serviços públicos municipais em Oklahoma com distribuição de eletricidade por atacado.

Segmento de utilidade municipal	Número de provedores	Eletricidade total fornecida
Utilitários municipais	22	1,2 bilhão de kWh anualmente

Clientes do setor agrícola

Os clientes agrícolas representam aproximadamente 5% da base total de clientes da OGE Energy, com 42.500 conexões de serviço agrícola.

• Taxas de eletricidade agrícola especializadas disponíveis
• Consumo médio de eletricidade agrícola: 2.300 kWh por mês

Instituições públicas e governamentais

A OGE Energy atende a 6.500 clientes do governo e da instituição pública em Oklahoma.

Segmento do setor público	Número de clientes	Gasto anual de eletricidade
Governo/instituições públicas	6,500	US $ 87,3 milhões

OGE Energy Corp. (OGE) - Modelo de negócios: estrutura de custos

Manutenção de equipamentos de geração de energia

A partir de 2023 Relatório Anual, a OGE Energy Corp. gastou US $ 98,3 milhões em manutenção de equipamentos de geração de energia em suas operações de utilidade.

Categoria de equipamento	Gasto de manutenção
Infraestrutura de transmissão	US $ 42,6 milhões
Instalações de geração	US $ 55,7 milhões

Custos de aquisição de combustível

Em 2023, a OGE Energy Corp. registrou despesas totais de aquisição de combustível de US $ 213,4 milhões.

• Aquisição de gás natural: US $ 156,2 milhões
• Compra de carvão: US $ 57,2 milhões

Compensação dos funcionários

A compensação total dos funcionários em 2023 foi de US $ 187,5 milhões.

Categoria de compensação	Quantia
Salário base	US $ 124,3 milhões
Benefícios	US $ 41,6 milhões
Bônus de desempenho	US $ 21,6 milhões

Desenvolvimento de infraestrutura e atualizações

A OGE Energy Corp. investiu US $ 345,6 milhões em desenvolvimento e atualizações de infraestrutura durante 2023.

• Modernização da grade: US $ 156,2 milhões
• Infraestrutura de energia renovável: US $ 189,4 milhões

Despesas de conformidade regulatória

Os custos de conformidade regulatória totalizaram US $ 67,8 milhões em 2023.

Área de conformidade	Gasto
Regulamentos ambientais	US $ 38,5 milhões
Conformidade de segurança	US $ 29,3 milhões

OGE Energy Corp. (OGE) - Modelo de negócios: fluxos de receita

Vendas de eletricidade para clientes residenciais

Em 2022, a OGE Energy Corp. relatou vendas de eletricidade residencial de 20,5 milhões de megawatts-horas (MWH), gerando aproximadamente US $ 1,2 bilhão em receita com esse segmento de clientes.

Categoria de cliente	Vendas anuais (MWH)	Receita anual
Clientes residenciais	20,5 milhões	US $ 1,2 bilhão

Contratos de energia comercial e industrial

Os contratos de energia comercial e industrial contribuíram com US $ 845 milhões em receita para a OGE Energy Corp. em 2022, representando 30,4% do total de vendas de eletricidade.

• Valor médio do contrato: US $ 2,3 milhões
• Total de clientes comerciais atendidos: 368
• Consumo de energia do setor industrial: 15,3 milhões de mwh

Receitas de projeto de energia renovável

Os projetos de energia renovável da OGE Energy geraram US $ 215 milhões em receita em 2022, com iniciativas eólicas e solares representando 7,8% da receita total da empresa.

Fonte de energia renovável	Capacidade instalada	Receita anual
Projetos eólicos	870 MW	US $ 135 milhões
Projetos solares	245 MW	US $ 80 milhões

Negociação de energia e operações de mercado

As operações de negociação de energia e mercado geraram US $ 180 milhões em receita para a OGE Energy Corp. em 2022, com transações de mercado por atacado representando um fluxo de receita importante.

• Transações de mercado de eletricidade por atacado: US $ 125 milhões
• Derivados de energia e hedge: US $ 55 milhões

Serviços de grade e taxas de transmissão

Os Serviços de Grid e as taxas de transmissão contribuíram com US $ 95 milhões para a receita da OGE Energy Corp. em 2022, refletindo as capacidades de infraestrutura e transmissão da empresa.

Categoria de serviço	Receita anual	Quota de mercado
Serviços de transmissão	US $ 68 milhões	4.2%
Manutenção da grade	US $ 27 milhões	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.