secwatch.observer — SEC 8-K summary
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Issuer:     OGE ENERGY CORP. (OGE)
CIK:        0001021635
Form:       8-K
Filed at:   2022-06-07T23:59:59+00:00
Accession:  0001021635-22-000104
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OGE Energy subsidiary OG&E details customer base, write-offs for URI cost recovery bond
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- ODFA offering ratepayer-backed bonds to allow OG&E to recover Winter Storm Uri costs; bonds not OG&E obligations.
- Oklahoma Supreme Court approved the bonds May 3, 2022; OCC financial order Dec 2021.
- OG&E served 810,714 Oklahoma customers in 2021; total energy usage 25.16M MWh; billed revenue $1.87B.
- Net write-offs averaged ~0.16% of revenue over five years, indicating strong credit quality.
- Delinquency rate at Dec 2021: 14.3% of billed revenue, up from 9.0% in 2017 but stable vs 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021635/000102163522000104/0001021635-22-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74145/000102163522000104/oge-20220607.htm
  HTML page:      https://secwatch.observer/filing/0001021635-22-000104

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