OGE Energy (US:OGE)2021-08-05 19:29Financial Performance - OGE's consolidated earnings per share (EPS) increased to $0.56 in Q2 2021 from $0.43 in Q2 2020[9, 24] - OG&E's EPS increased to $0.42 in Q2 2021 from $0.39 in Q2 2020, driven by recovery of additional investments and mild weather[5, 24] - Natural Gas Midstream Operations contributed $0.16 EPS in Q2 2021, up from $0.10 in Q2 2020, due to higher commodity prices and gathering/processing volumes[6, 24] - HoldCo and Other Operations had a loss of $0.02 EPS in Q2 2021, an improvement from a loss of $0.06 in Q2 2020, due to lower income tax expense[8, 24] - Natural Gas Midstream Operations contributed earnings of $32 million to OGE Energy Corp in Q2 2021, compared to $19 million in Q2 2020[63] Load and Customer Growth - The company forecasts a 2% load growth in 2021 compared to 2020 levels[21, 26] - Customer growth is at 1.3% year-over-year[21, 27] - OG&E expects to add approximately 75 MW of additional load by the end of 2021[21] Capital Investments and Planning - The company has a 5-year capital plan of $4.2 billion[51] - Approximately $100 million was added to the 2021 capital plan[51] - The company plans to retire approximately 850 MW of generation capacity over the next 5 to 6 years[15] Securitization and Financing - OG&E received approximately $100 million in SPP settlements in June, reducing the impact of fuel costs from the February winter storm[42] - As of June 30, 2021, OG&E has recorded approximately $850 million as a regulatory asset related to winter storm Uri[42]