UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

 

 

                Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

                

 

 

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Item 8.01. Other Events.

 

OGE Energy Corp. (the “Company”) is the parent company of Oklahoma Gas and Electric Company (“OG&E”), a regulated electric utility with approximately 755,000 customers in Oklahoma and western Arkansas, and Enogex Inc. and its subsidiaries, a natural gas pipeline business with principal operations in Oklahoma.

 

On November 29, 2006, the Company issued a press release announcing that OG&E has reached an agreement with the Arkansas Public Service Commission (“APSC”) Staff and the state Attorney General for an annual revenue increase of approximately $5.4 million. The agreement includes no rate increase for residential customers and a minimal impact on other customer groups. The APSC is scheduled to consider the agreement in a hearing on December 19. If the agreement is approved, new rates are expected to be effective in February 2007. For further information, see the press release attached as Exhibit 99.01.

 

Item 9.01. Financial Statements and Exhibits

 

 

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

 

 

December 1, 2006

 

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Exhibit 99.01

 

OG&E Arkansas rate agreement: no residential increase

 

OKLAHOMA CITY -- OG&E Electric Services said today that it has reached an agreement with the Arkansas Public Service Commission staff and the state Attorney General for an annual revenue increase of $5.4 million. The agreement includes no rate increase for residential customers and a minimal impact on other customer groups. The Commission is scheduled to consider the agreement in a hearing Dec. 19. If the agreement is approved, new rates will be effective in February 2007.

 

OG&E said the increase will help the company to recover investments in the McClain power plant, acquired in 2004, and the new Centennial wind farm currently under construction in northwestern Oklahoma. Fuel savings from these two electric-generation facilities more than offset the rate increase.

 

“We are pleased to have an agreement that enables us to continue delivering reliable electric power to our Arkansas customers at some of the lowest rates in the United States,” said Howard Motley, OG&E vice president of regulatory affairs. “The professionalism of the Arkansas Public Service Commission staff provided excellent facilitation of the regulatory process. They created a positive environment to structure this agreement for swift resolution of OG&E’s rate case.”

 

While the agreement contains no rate increase for residential customers, it will be the first rate increase of any kind in Arkansas for OG&E since 1983. The agreement also would increase the fees OG&E is able to collect for items including returned checks, meter tests, and electric service reconnections.

 

OG&E, a subsidiary of Oklahoma City-based OGE Energy Corp. (NYSE: OGE), serves more than 754,000 retail electric customers in a service area spanning 30,000 square miles, including about 63,000 customers in western Arkansas.