OGE Energy Corp.: Enable merger with Energy Transfer is credit positive for OGE
We view the merger as credit positive for OGE because it reduces its exposure to the volatile midstream business and provides more of a pathway to de-risk its business profile.OGE Energy is a holding company. Through its subsidiaries, the company is an energy and energy services provider providing physical delivery and related services for both electricity and natural gas primarily in the south central United States Co. conducts these activities through two business segments: electric utility, which generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas; and natural gas midstream operations, which consist of the company's investment in Enable Midstream Partners, LP, which is primarily engaged in the business of gathering, processing, transporting and storing natural gas.
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