OGE Energy completes sale of Enable interests; receives ~95.4M Energy Transfer units and $40M cash

OGE ENERGY CORP.

OGE exchanged 110,982,805 Enable common units for 95,389,720 Energy Transfer units, now owns ~3% of ET limited partner units.
OGE received $10M for general partner interests and expects $30M from CenterPoint; plans to exit majority of ET investment by end of 2022.
Transaction positions OGE as pure-play electric utility; pro forma net income for nine months Sep 2021 would be $596.8M vs historical $418.1M (includes gain).
OGE incurred ~$9M in transaction costs; pro forma diluted EPS for 2020 would be $0.07 vs historical loss of $0.87.

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