OGE ENERGY Business Summary

OGE Energy Corp. (NYSE: OGE) operates as a pure-play regulated electric utility holding company, generating the vast majority of its revenue through its primary subsidiary, Oklahoma Gas and Electric Company (OG&E). The firm’s business model is centered on the generation, transmission, and distribution of electricity to approximately 900,000 customers across Oklahoma and western Arkansas. Revenue is primarily derived from regulated rate-based recovery of capital investments and energy sales to residential, commercial, and industrial sectors. As of early 2026, the company is aggressively expanding its asset base through a multi-billion dollar capital plan focused on grid hardening, renewable energy integration, and supporting high-growth load demands from regional data centers. OGE competes in the broader utility sector against peers such as Evergy (EVRG), Ameren (AEE), and CMS Energy (CMS), distinguishing itself as a low-cost leader with some of the most competitive retail electricity rates in the United States. The leadership team is headed by Robert Sean Trauschke, who has served as Chairman, President, and CEO since 2015, bringing extensive experience from his previous roles as CFO of OGE and leadership positions at Duke Energy. He is supported by Charles B. Walworth, who serves as Chief Financial Officer and Treasurer, having been promoted from his role as Treasurer in late 2024 to oversee the company’s financial strategy and capital markets activity. Other key executives include John Laws, appointed as Chief Commercial Officer in January 2026 to lead the newly established commercial organization, and William H. Sultemeier, the General Counsel and Chief Compliance Officer. The company’s Board of Directors features prominent regional and industry leaders, including Lead Independent Director Judy R. McReynolds (Chairman and CEO of ArcBest) and David E. Rainbolt (Executive Chairman of BancFirst Corporation), providing a robust governance framework for the firm’s long-term infrastructure initiatives.