OGE Energy Corp.: Update to credit analysis
Our view of OGE reflects the quality of its cash flow primarily derived from its regulated vertically integrated utility, OG&E, minimal financial flexibility and little parent level debt.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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