OG&E Adopts Web-Based Approach to Purchase Power; Program Will Make Power Purchase Agreements More Visible

OG&E Adopts Web-Based Approach to Purchase Power; Program Will Make Power Purchase Agreements More Visible

OKLAHOMA CITY, Dec. 30 /PRNewswire-FirstCall/ -- Beginning in January 2005, OG&E Electric Services will begin buying some of its power online.

The Web-based application will allow the company to electronically accept offers from utilities and other electricity suppliers that may be selling power in the region.

"OG&E has always purchased power from other suppliers to help meet our customer's demand or to take advantage of low-cost power that may be available," said company spokesman Brian Alford. "This new method will simplify the process for those who seek to sell power to the company."

Alford said the application also opens up the process to anyone interested in how OG&E conducts business on behalf of its customers.

The website describes specific criteria for potential sellers, including financial stability, ability to meet minimum quantity and reliability standards, and performance history.

OGE Energy (NYSE:OGE) is the parent company of Oklahoma Gas and Electric Company (OG&E), a regulated electric utility serving approximately 733,000 customers in a service territory spanning 30,000 square miles in Oklahoma and western Arkansas, and of Enogex Inc., a natural gas pipeline business with principal operations in Oklahoma and Arkansas.


Source: OGE Energy Corp.

CONTACT: Brian Alford of OGE Energy Corp., +1-405-553-3187

Web site: http://www.oge.com/


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