<PAGE>
FILE NO._______
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM U-3A-2
STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION
UNDER RULE U-3A-2 FROM THE PROVISIONS OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
To be Filed Annually Prior to March 1
OGE ENERGY CORP.
hereby files with the Securities and Exchange Commission, pursuant to Rule 2,
its statement claiming exemption as a holding company from the provisions of the
Public Utility Holding Company Act of 1935, and submits the following
information:
1. Name, State of organization, location and nature of business of claimant
and every subsidiary thereof, other than any exempt wholesale generator (EWG) or
foreign utility company in which claimant directly or indirectly holds an
interest.
OGE Energy Corp. (the "Company") is a public utility holding company which
is incorporated in the State of Oklahoma and located in Oklahoma City, Oklahoma.
At December 31, 1996, the Company was not engaged in any business independent of
that conducted through its subsidiaries, Oklahoma Gas and Electric Company
("OG&E") and Enogex Inc. ("Enogex").
OG&E was incorporated February 27, 1902, under the laws of the Territory of
Oklahoma and is now existing under and by virtue of the laws of the State of
Oklahoma.
OG&E is an operating electric public utility. Its operations are conducted
principally in the State of Oklahoma and does not currently extend beyond the
State and the contiguous State of Arkansas. Its business is more fully described
in its most recent Form 10-K Annual Report (File No. 1-1097) on file with the
Commission.
Enogex Inc. is a wholly-owned subsidiary of the Company. Enogex Inc. has
three wholly-owned subsidiaries: Enogex Products Corporation, Enogex Services
Corporation and Enogex Exploration Corporation. Enogex Inc. also owns an eighty
percent interest in Centoma Gas Systems Inc. Enogex Inc. and each of its
subsidiaries were incorporated under the laws of the State of Oklahoma. Enogex
Inc. owns and operates a natural gas pipeline system that delivers natural gas
to OG&E's electric generating units. By order of the Commission dated August 28,
1986 (Release No. 35-24174), the Commission ordered that Enogex Inc. was not a
gas utility company within the meaning of Section 2(a)(4) of the Public Utility
Holding Company Act of 1935, as amended (the "Act"). The subsidiaries of Enogex
Inc.: own and operate gas processing plants in Oklahoma; are engaged in the
gathering and processing of natural gas and the marketing of natural gas
liquids; are engaged in the buying, selling and
<PAGE>
brokering of natural gas; and are engaged in the exploration for and production
of natural gas. The subsidiaries of Enogex Inc. are not "public utility
companies" within the meaning of the Act.
2. A brief description of the properties of claimant and each of its
subsidiary public utility companies used for the generation, transmission, and
distribution of electric energy for sale, or for the production, transmission,
and distribution of natural or manufactured gas, indicating the location of
principal generating plants, transmission lines, producing fields, gas
manufacturing plants, and electric and gas distribution facilities, including
all such properties which are outside the State in which claimant and its
subsidiaries are organized and all transmission or pipelines which deliver or
receive electric energy or gas at the borders of such State.
The Company owns no physical properties.
The principal properties of OG&E are described in the above mentioned Form
10-K Annual Report (File No. 1-1097) on file with the Commission.
3. The following information for the last calendar year with respect to
claimant and each of its subsidiary public utility companies:
(a) Number of Kwh of electric energy sold (at retail or wholesale), and Mcf
of natural or manufactured gas distributed at retail.
None by Company
23,016,119,000 Kwh by OG&E
(b) Number of Kwh of electric energy and Mcf of natural or manufactured gas
distributed at retail outside the State in which each such company is organized.
None by Company
2,125,163,000 Kwh by OG&E
(c) Number of Kwh of electric energy and Mcf of natural or manufactured gas
sold at wholesale outside the State in which each such company is organized, or
at the State line.
None by Company
1,916,035,000 Kwh by OG&E
(d) Number of Kwh of electric energy and Mcf of natural or manufactured gas
purchased outside the State in which each such company is organized or at the
State line.
None by Company
489,972,000 Kwh by OG&E
4. The following information for the reporting period with respect to
claimant and each interest it holds directly or indirectly in an EWG or a
foreign utility company, stating monetary amounts in United States dollars:
<PAGE>
(a) Name, location, business address and description of the facilities used
by the EWG or foreign utility company for the generation, transmission and
distribution of electric energy for sale or for the distribution at retail of
natural or manufactured gas.
(b) Name of each system company that holds an interest in such EWG or
foreign utility company; and description of
the interest held.
(c) Type and amount of capital invested, directly or indirectly, by the
holding company claiming exemption; any direct or indirect guarantee of the
security of the EWG or foreign utility company by the holding company claiming
exemption; and any debt or other financial obligation for which there is
recourse, directly or indirectly, to the holding company claiming exemption or
another system company, other than the EWG or foreign utility company.
(d) Capitalization and earnings of the EWG or foreign utility company
during the reporting period.
(e) Identify any service, sales or construction contract(s) between the EWG
or foreign utility company and a system company, and describe the services to be
rendered or goods sold and fees or revenues under such agreement(s).
Item 4 is not applicable. The Company does not hold directly or indirectly
any interest in an EWG or a foreign utility company.
<PAGE>
EXHIBITS
A. Consolidating Statement of Income and Retained Earnings for the year
ended December 31, 1996, and Consolidating Balance Sheet as of
December 31, 1996, for OGE Energy Corp. (the "Company") and its
subsidiary companies. The Company was organized on August 4, 1995 by
Oklahoma Gas and Electric Company ("OG&E") for the purpose of
effecting a share exchange with OG&E and becoming the holding company
for OG&E. The Company had no operations until the share exchange
became effective on December 31, 1996.
B. Financial Data Schedule.
C. An organizational chart showing the relationship of each EWG or
foreign utility company to associate companies in the holding-company
system.
Exhibit C is not applicable. The Company does not hold directly or
indirectly any interest in an EWG or a foreign utility company.
<PAGE>
The above-named claimant has caused this statement to be duly executed on
its behalf by its authorized officer on this 25th day of February 1997.
OGE ENERGY CORP.
(Registrant)
By /s/ J. R. Hatfield
---------------------------------
J. R. Hatfield
Vice President and Treasurer
CORPORATE SEAL
Attest:
/s/ Irma B. Elliott
----------------------------
Irma B. Elliott
Vice President and Secretary
Name, title and address of officer to whom notices and correspondence
concerning this statement should be addressed:
J. R. Hatfield, Vice President and Treasurer
- --------------------------------------------
P. O. BOX 321, Oklahoma City, Oklahoma 73101-0321
- --------------------------------------------------
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EXHIBIT INDEX
-------------
Exhibit Description
------- -----------
A. Consolidating Statement of Income and Retained Earnings for the year
ended December 31, 1996, and Consolidating Balance Sheet as of
December 31, 1996, for OGE Energy Corp. (the "Company") and its
subsidiary companies. The Company was organized on August 4, 1995 by
Oklahoma Gas and Electric Company ("OG&E") for the purpose of
effecting a share exchange with OG&E and becoming the holding company
for OG&E. The Company had no operations until the share exchange
became effective on December 31, 1996.
B. Financial Data Schedule.
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Statement of Income
Year Ended December 31, 1996
Oklahoma Enogex Centoma OGE
(dollars in thousands, OGE Gas and Enogex Enogex Explor- Gas Consolid- Consoli-
except per share data) Energy Electric Enogex Products Services ation Systems ating Ad- dated
Corp. Company Inc. Corp. Corp. Corp. Inc. justments Statement
------- ---------- ------- ------- -------- ------- ------- -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES .............. $ - $1,200,337 $66,206 $39,241 $146,105 $18,584 $10,190 $(93,228) $1,387,435
OPERATING EXPENSES:
Fuel ........................... - 323,412 - - - - - (44,329) 279,083
Purchased power ................ - 222,070 - - - - - - 222,070
Gas purchased for resale ....... - - - 23,935 141,078 - 8,586 (56,256) 117,343
Other operation ................ - 196,008 24,617 6,021 1,425 6,220 1,374 11,666 247,331
Maintenance .................... - 57,168 1,857 798 - - - - 59,823
Depreciation ................... - 112,233 13,883 3,387 1,195 6,448 4,448 (5,454) 136,140
Current income taxes ........... - 73,171 7,023 1,542 1,074 (1,210) (373) - 81,227
Deferred income taxes, net ..... - 2,156 323 56 4 435 (1,052) 228 2,150
Deferred investment tax
credits, net ................... - (5,150) - - - - - - (5,150)
Taxes other than income ........ - 41,920 3,909 289 38 26 17 - 46,199
------- ---------- ------- ------- -------- ------- ------- --------- ----------
Total operating expenses - 1,022,988 51,612 36,028 144,814 11,919 13,000 (94,145) 1,186,216
OPERATING INCOME ................ - 177,349 14,594 3,213 1,291 6,665 (2,810) 917 201,219
OTHER INCOME AND DEDUCTIONS:
Interest income ................ - 3,187 4,487 15 133 4 90 (5,718) 2,198
Other .......................... - (4,101) 1,230 156 1,317 212 - (915) (2,101)
Income from subsidiaries ....... - 16,463 6,091 - - - - (22,554) -
------- ---------- ------- ------- -------- ------- ------- --------- ----------
Net other income and
deductions ................... - 15,549 11,808 171 1,450 216 90 (29,187) 97
INTEREST CHARGES:
Interest on long-term debt ..... - 54,141 8,271 - - - - - 62,412
Allowance for borrowed
funds used during
construction .................. - (709) - - - - - - (709)
Other .......................... - 6,134 1,668 1,041 994 2,124 36 (5,716) 6,281
------- ---------- ------- ------- -------- ------- ------- --------- ----------
Total interest charges,
net ........................... - 59,566 9,939 1,041 994 2,124 36 (5,716) 67,984
NET INCOME (LOSS) ............... - 133,332 16,463 2,343 1,747 4,757 (2,756) (22,554) 133,332
PREFERRED DIVIDEND
REQUIREMENTS ................... - 2,302 - - - - - - 2,302
------- ---------- ------- ------- -------- ------- ------- --------- ----------
EARNINGS AVAILABLE
FOR COMMON ..................... $ - $ 131,030 $16,463 $ 2,343 $ 1,747 $ 4,757 $(2,756) $(22,554) $ 131,030
======= ========== ======= ======= ======== ======= ======== ========= ==========
AVERAGE COMMON SHARES
OUTSTANDING (thousands) ........ 40,367 40,367
EARNINGS PER AVERAGE
COMMON SHARE ................... $ 3.25 $ 3.25
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Statement of Retained Earnings
Year Ended December 31, 1996
Oklahoma Enogex Centoma OGE
(dollars in thousands) OGE Gas and Enogex Enogex Explor Gas Consolid- Consoli-
Energy Electric Enogex Products Services ation Systems ating Ad- dated
Corp. Company Inc. Corp. Corp. Corp. Inc. justments Statement
-------- --------- ------- -------- -------- ------ ------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING
OF PERIOD ........................ $ - $ 425,545 $ 5,929 $ (975) $ 400 $ 133 $ (878) $ (4,609) $ 425,545
ADD - net income (loss) .......... - 133,332 16,463 2,343 1,747 4,757 (2,756) (22,554) 133,332
-------- --------- ------- -------- -------- ------ ------- ---------- ----------
Total ........................ - 558,877 22,392 1,368 2,147 4,890 (3,634) (27,163) 558,877
DEDUCT:
Cash dividends declared
on preferred stock ........... - 2,302 - - - - - - 2,302
Cash dividends declared
on common stock .............. - 107,377 16,137 3,094 1,154 2,962 - (23,347) 107,377
-------- --------- ------- -------- -------- ------ ------- ---------- ----------
TOTAL CASH DIVIDENDS.......... - 109,679 16,137 3,094 1,154 2,962 - (23,347) 109,679
-------- --------- ------- -------- -------- ------ ------- ---------- ----------
EFFECT OF REORGANIZATION.......... 449,198 (120,568) - - - - - (328,630) -
-------- --------- ------- -------- -------- ------ ------- ---------- ----------
BALANCE AT END OF PERIOD ......... $449,198 $ 328,630 $ 6,255 $ (1,726) $ 993 $1,928 $(3,634) $(332,446) $ 449,198
======== ========= ======= ======== ======== ====== ======== ========== ==========
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Balance Sheet
December 31, 1996
Oklahoma Enogex Centoma OGE
(dollars in thousands) OGE Gas and Enogex Enogex Explor- Gas Consolid- Consoli-
Energy Electric Enogex Products Services ation Systems ating Ad- dated
Corp. Company Inc. Corp. Corp. Corp. Inc. justments Statement
-------- ---------- -------- -------- -------- ------- ------- ------------ ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ASSETS
PROPERTY, PLANT &
EQUIPMENT
In service ............... $ - $3,574,241 $322,210 $ 33,827 $ 55 $68,929 $ 6,270 $ - $4,005,532
Construction work in
progress ............... - 26,807 1,153 6 - - 2 - 27,968
-------- ---------- -------- -------- -------- ------- ------- ------------ ----------
Total property, plant
and equipment .......... - 3,601,048 323,363 33,833 55 68,929 6,272 - 4,033,500
Less accumulated
depreciation ........... - 1,560,546 100,626 8,023 36 16,149 2,043 - 1,687,423
-------- ---------- -------- -------- -------- ------- ------- ------------ ----------
Net property, plant and
equipment .............. - 2,040,502 222,737 25,810 19 52,780 4,229 - 2,346,077
OTHER PROPERTY AND
INVESTMENTS, at cost ..... 962,903 21,869 31,167 76 - - - (985,400) 30,615
CURRENT ASSETS:
Cash and cash equivalents - 200 500 - 3,764 124 - (2,065) 2,523
Accounts receivable -
customers, less
reserve of $4,626 ...... - 96,067 67,846 2,854 23,106 3,956 1,942 (66,797) 128,974
Accrued unbilled revenues - 34,900 - - - - - - 34,900
Accounts receivable-other 26,848 44,699 853 92 632 - - (61,376) 11,748
Fuel inventories, at
LIFO cost .............. - 60,463 - - 1,928 - - 334 62,725
Materials and supplies, at
average cost ........... - 20,387 4,440 - - - - - 24,827
Prepayments and other .... - 3,094 703 13 30 436 24 - 4,300
Accumulated deferred
tax assets ............. - 8,994 824 - 249 - - - 10,067
-------- ---------- -------- -------- -------- ------- ------- ------------ ----------
Total current assets ... 26,848 268,804 75,166 2,959 29,709 4,516 1,966 (129,904) 280,064
DEFERRED CHARGES:
Advance payments for gas . - 9,500 - - - - - - 9,500
Income taxes recoverable
through future rates ... - 44,368 - - - - - - 44,368
Other .................... - 36,198 6,343 1,280 8,413 349 3 (855) 51,731
-------- ---------- -------- -------- -------- ------- ------- ------------ ----------
Total deferred charges . - 90,066 6,343 1,280 8,413 349 3 (855) 105,599
TOTAL ASSETS .............. $989,751 $2,421,241 $335,413 $ 30,125 $ 38,141 $57,645 $ 6,198 $(1,116,159) $2,762,355
======== ========== ======== ======== ======== ======= ======= ============ ==========
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Balance Sheet
December 31, 1996
Oklahoma Enogex Centoma OGE
(dollars in thousands) OGE Gas and Enogex Enogex Explor- Gas Consolid- Consoli-
Energy Electric Enogex Products Services ation Systems ating Ad- dated
Corp. Company Inc. Corp. Corp. Corp. Inc. justments Statement
-------- ---------- -------- -------- -------- ------- ------- ------------ ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and
retained earnings ...... $961,603 $ 841,035 $115,701 $ 9,367 $ 996 $14,679 $ 4,271 $ (986,049) $ 961,603
Cummulative preferred
stock .................. - 49,379 - - - - - - 49,379
Long-term debt ........... - 709,281 120,000 - - - - - 829,281
-------- ---------- -------- -------- -------- ------- ------- ------------ -----------
Total capitalization .... 961,603 1,599,695 235,701 9,367 996 14,679 4,271 (986,049) 1,840,263
CURRENT LIABILITIES:
Short-term debt .......... - 41,400 - - - - - - 41,400
Accounts payable ......... 1,300 63,596 35,372 15,727 35,898 36,470 1,883 (103,390) 86,856
Dividends payable ........ 26,848 27,421 - - - - - (26,848) 27,421
Customers' deposits ...... - 23,257 - - - - - - 23,257
Accrued taxes ............ - 25,037 1,601 108 (2) 17 - - 26,761
Accrued interest ......... - 16,386 3,446 - - - - - 19,832
Long-term debt due
within one year ......... - 15,000 - - - - - - 15,000
Other .................... - 35,739 3,037 - 391 21 - - 39,188
-------- ---------- -------- -------- -------- ------- ------- ------------ -----------
Total current
liabilities ............ 28,148 247,836 43,456 15,835 36,287 36,508 1,883 (130,238) 279,715
DEFERRED CREDITS AND
OTHER LIABILITIES:
Accrued pension and
benefit obligation ...... - 57,137 4,198 - - - - - 61,335
Accumulated deferred
income taxes ............ - 429,766 46,750 4,870 - 6,458 44 128 488,016
Accumulated deferred
investment tax credits .. - 78,028 - - - - - - 78,028
Other .................... - 8,779 5,308 53 858 - - - 14,998
-------- ---------- -------- -------- -------- ------- ------- ------------ ----------
Total deferred credits
and other liabilities .. - 573,710 56,256 4,923 858 6,458 44 128 642,377
TOTAL CAPITALIZATION AND
LIABILITIES .............. $989,751 $2,421,241 $335,413 $ 30,125 $ 38,141 $57,645 $ 6,198 $(1,116,159) $2,762,355
======== ========== ======== ======== ======== ======= ======= ============ ==========
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> OPUR3
<LEGEND>
This schedule contains summary financial information extracted from the OGE
Energy Corp. Consolidated Statement of Income and Balance Sheet as reported on
Form U-3A-2 as of December 31, 1996 and is qualified in its entirety by
reference to such Form U-3A-2.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> DEC-31-1996
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 2,762,355
<TOTAL-OPERATING-REVENUES> 1,387,435
<NET-INCOME> 133,332
</TABLE>
