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August 6, 2014
17:13 EDTOGEOGE Energy seeks approval for environmental compliance plan
After unsuccessfully challenging the EPA all the way to the U.S. Supreme Court and exhausting its legal options, Oklahoma Gas & Electric filed an application with the Oklahoma Corporation Commission seeking approval of a plan to be in compliance with federal environmental mandates and to modernize the company's Mustang Power Plant. OG&E's filing calls for adding two pollution control devices known as scrubbers to the coal-fired units at the Sooner Power Plant near Red Rock, converting two coal-fired units at the Muskogee Power Plant to natural gas and modernizing the natural gas units at the Mustang Power Plant. The deadline for OG&E to achieve environmental compliance is January 2019. The company has until that time to fully implement its plan or face enforcement actions. OG&E is seeking approval to recover the costs associated with its compliance and Mustang modernization efforts. These capital costs are estimated to be approximately $1.1B over a six year period.
News For OGE From The Last 14 Days
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February 26, 2015
07:06 EDTOGEOGE Energy sees FY15 EPS $1.76-$1.89 consensus $2.06
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07:04 EDTOGEOGE Energy reports Q4 EPS 29c, consensus 27c
Reports Q4 revenue $526.2M, consensus $519.85M

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