OGE Energy (OGE) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by CEO, highlighting a strong 2025 with 6% earnings growth and improved system uptime, while maintaining rates well below regional and national averages.

• Agenda included election of directors, ratification of auditors, advisory vote on executive compensation, and a shareholder proposal on simple majority voting.

• Quorum confirmed with 89% of outstanding shares represented.

Financial performance review

• Earnings increased 6% in 2025, with system uptime at 99.96%.

• Rates remain 19% below regional, 34% below national, and 24% below Texas averages.

• 6% EPS CAGR over the last decade, with non-fuel base rates up only 0.5% over the same period.

Strategic initiatives and plans

• Commissioned 98 MW Tinker Power Plant in February 2025; 450 MW of combustion turbines expected online in Q4 2026.

• 300 MW Frontier Energy Storage Project to come online in 2027; another 450 MW of turbines in 2029.

• Planning for an additional 1.8 GW of generation by winter 2032.

• Advancing transmission strategy, including a 765 kV line for long-term reliability and cost control.

• Announced first data center agreement with protections for existing customers.