The company expects to finish installing new meters by the end of 2012. More than 440,000 have been installed already.
OGE's other major subsidiary is Enogex LLC.
“Enogex is not as high profile as the utility since its customers for the most part are other businesses as opposed to individuals spread out across the state,” Delaney said. “Enogex plays an important role in the natural gas infrastructure system in Oklahoma as one of the largest gatherers, transporters and processors of natural gas.”
Enogex is an intrastate natural gas pipeline and midstream service provider with more than 50 years in the industry. It operates the 11th largest pipeline network in the country.
“From a financial standpoint, Enogex's earnings growth rate is expected to be higher than the utility's which increases the corporation's overall earnings growth,” Delaney said.
Delaney said he is optimistic about OGE's future, despite a substantial need for continued investment in the electric and natural gas infrastructure in Oklahoma.
“OGE Energy has the financial strength, the operational expertise and the commitment to customers to keep Oklahoma powered for the next 100 years as it has done for the last 109 years,” he said.