OGE Energy gets OCC pre-approval for 448 MW gas turbines, updates 5-year capex to $7.3B

OGE ENERGY CORP.

OCC approved need and rider recovery for Horseshoe Lake Units 13 & 14; CWIP and return on CPAs not approved.
Units of 448 MW total capacity scheduled in service by end of 2029.
Updated capital plan: $7.285B total for 2026-2030, including $570M generation capacity projects.
Reiterates long-term EPS growth target of 5-7%, targeting top half through 2028.
Financing expected from debt and equity to maintain strong investment grade credit ratings.

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