OGE Energy completes $762M ratepayer-backed bond issuance for Winter Storm Uri cost recovery

OGE ENERGY CORP.

ODFA issued ~$762M in ratepayer-backed bonds to fund OG&E recovery of Winter Storm Uri fuel costs.
OG&E received ~$750M in proceeds from sale of securitization property to ODFA.
Bonds payable solely from winter event securitization charges on OG&E Oklahoma customers over 28 years.
Bonds are not OG&E obligations; Oklahoma Supreme Court upheld constitutionality in May 2022.
Issuance authorized under Oklahoma Securitization Law and December 2021 Corporation Commission order.

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