<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, 1999, the Company was not engaged in any business independent of
that conducted through its subsidiaries, Oklahoma Gas and Electric Company
("OG&E"), Enogex Inc. ("Enogex"), Origen Inc. ("Origen") and OGE Capital Trust.
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 predominantly in the State of Oklahoma. OG&E also conducts some
operations in the 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 is a wholly-owned subsidiary of the Company. Enogex owns and
operates a natural gas pipeline system that, among other things, 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
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"). At December
31, 1999, Enogex had six wholly-owned active subsidiaries: Enogex Products
Corporation, OGE Energy Resources Inc., Enogex Exploration Corporation, Enogex
Arkansas Pipeline Corporation, Enogex Gas Gathering LLC and Transok Holding,
LLC. At December 31, 1999, Enogex Products Corporation owned one hundred percent
interests in the Belvan Corp., the Belvan partnership and the Todd Ranch
partnership, and an eighty percent interest in the NuStar Joint Venture. Enogex
Arkansas Pipeline Corporation owned a seventy-five percent interest in the NOARK
Pipeline System LP. The NOARK Pipeline System LP owned one hundred percent
interests in the Ozark Gas Transmission LLC, the AWP LLC, the NOARK
1
<PAGE>
Energy Services LLC, the Ozark Gas Gathering LLC and the NOARK Pipeline Finance
LLC. Transok Holding, LLCowned a one hundred percent interest in the Transok
LLC. Transok LLC owned one hundred percent interests in the Transok Gas
Gathering LLC, Transok Gas Processing LLC and Transok Gas LLC. Enogex and each
of its subsidiaries were incorporated under the laws of the State of Oklahoma.
The subsidiaries of Enogex: own and operate gas processing plants in Oklahoma
and west Texas; are engaged in the gathering, transmission and processing of
natural gas; are engaged in the buying, selling and brokering of energy (natural
gas, electricity and natural gas liquids); and are engaged in the drilling for
and production of crude oil and natural gas. The subsidiaries of Enogex are not
"public utility companies" within the meaning of the Act.
Origen is a wholly-owned non-regulated subsidiary of the Company. At
December 31, 1999, Origen had one wholly-owned active subsidiary: OGE Energy
Technologies. During 1999, Origen discontinued operations of its two
subsidiaries, Geothermal Design and Engineering, Inc. ("GD&E") and GT Co. Origen
and each of its subsidiaries were incorporated under the laws of the State of
Oklahoma. Origen is currently involved in the development of energy related
products and services.
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.
Total Company Arkansas Oklahoma
------------- -------- --------
Mcf None - -
Kwh by OG&E 23,842,157,000 3,153,599,000 20,688,558,000
Revenue by OG&E $ 1,286,844,244 $ 124,418,142 $ 1,162,426,102
(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.
Total Company Arkansas
------------- --------
Mcf None -
Kwh by OG&E 2,421,656,000 2,421,656,000
Revenue by OG&E $ 99,819,723 $ 99,819,723
2
<PAGE>
(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.
State Line
Total Company Arkansas (Other Utilities)
------------- -------- -----------------
Mcf None - -
Kwh by OG&E 992,559,000 631,971,000 360,588,000
Revenue by OG&E $ 47,269,560 $ 19,933,276 $ 27,336,284
(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.
State Line
Total Company Arkansas (Other Utilities)
------------- -------- -----------------
Mcf None - -
Kwh by OG&E 355,263,000 2,050,000 353,213,000
Revenue by OG&E $ 15,748,095 $ 51,038 $ 15,697,060
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:
(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. At December 31, 1999, the Company did not hold
directly or indirectly any interest in an EWG or a foreign utility company.
3
<PAGE>
EXHIBITS
A. Consolidating Statement of Income and Retained Earnings for the year
ended December 31, 1999, and Consolidating Balance Sheet as of
December 31, 1999, for OGE Energy Corp. (the "Company") and its
subsidiary companies.
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. At December 31, 1999, the Company did not
hold directly or indirectly any interest in an EWG or a foreign
utility company.
4
<PAGE>
The above-named claimant has caused this statement to be duly executed on
its behalf by its authorized officer on this 28th day of February 2000.
OGE ENERGY CORP.
(Registrant)
By /s/ Donald R. Rowlett
------------------------------------------
Donald R. Rowlett
Vice President and Controller
CORPORATE SEAL
Attest:
/s/ Irma B. Elliott
- ------------------------------------------
Irma B. Elliott
Vice President and Corporate Secretary
Name, title and address of officer to whom notices and correspondence
concerning this statement should be addressed:
Donald R. Rowlett, Vice President and Controller
- ------------------------------------------------
P. O. BOX 321, Oklahoma City, Oklahoma 73101-0321
- --------------------------------------------------
5
<PAGE>
EXHIBIT INDEX
Exhibit Description
A. Consolidating Statement of Income and Retained Earnings for the year
ended December 31, 1999, and Consolidating Balance Sheet as of
December 31, 1999, for OGE Energy Corp. (the "Company") and its
subsidiary companies.
B. Financial Data Schedule.
6
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Statement of Income
Year Ended December 31, 1999
OGE Oklahoma Gas
(dollars in thousands except per share data) Energy and Electric Enogex Origen OGE
Corp. Company Inc. Inc. Capital Trust
----------- ------------- ----------- -------- -------------
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES................................ $ - $ 1,286,844 $1,086,027 $ 78 $ -
OPERATING EXPENSES:
Fuel............................................ - 350,814 - - -
Purchased power................................. - 249,203 - - -
Gas and electricity purchased for resale........ - - 831,309 - -
Other operation and maintenance................. (6,171) 253,312 132,556 2,538 -
Depreciation.................................... 4,326 119,059 41,633 23 -
Taxes other than income......................... 1,845 44,892 9,417 28 -
----------- ------------- ----------- -------- -------------
Total operating expenses...................... - 1,017,280 1,014,915 2,589 -
----------- ------------- ----------- -------- -------------
OPERATING INCOME.................................. - 269,564 71,112 (2,511) -
OTHER INCOME (EXPENSES):
Interest charges................................ (17,232) (45,939) (42,463) (89) (3,357)
Other, net...................................... 5,648 381 2,848 (116) 3,357
Income from subsidiaries........................ 159,074 - - - -
----------- ------------- ----------- -------- -------------
Total other income (expenses).. .............. 147,490 (45,558) (39,615) (205) -
----------- ------------- ----------- -------- -------------
EARNINGS BEFORE INCOME TAXES...................... 147,490 224,006 31,497 (2,716) -
PROVISION (BENEFIT) FOR INCOME TAXES.............. (3,769) 84,965 9,834 (1,086) -
----------- ------------- ----------- -------- -------------
NET INCOME (LOSS)................................. $ 151,259 $ 139,041 $ 21,663 $(1,630) $ -
=========== ============= =========== ======== =============
AVERAGE COMMON SHARES
OUTSTANDING (thousands)......................... 77,916
EARNINGS PER AVERAGE
COMMON SHARE.................................... $ 1.94
OGE
Consolidating Consolidated
Adjustments Statements
------------- -------------
<S> <C> <C>
OPERATING REVENUES................................ $ (200,515) $ 2,172,434
OPERATING EXPENSES:
Fuel............................................ (41,487) 309,327
Purchased power................................. - 249,203
Gas and electricity purchased for resale........ (159,028) 672,281
Other operation and maintenance................. - 382,235
Depreciation.................................... - 165,041
Taxes other than income......................... - 56,182
------------- -------------
Total operating expenses...................... (200,515) 1,834,269
------------- -------------
OPERATING INCOME.................................. - 338,165
OTHER INCOME (EXPENSES):
Interest charges................................ 8,801 (100,279)
Other, net...................................... (8,801) 3,317
Income from subsidiaries........................ (159,074) -
------------- -------------
Total other income (expenses).. .............. (159,074) (96,962)
------------- -------------
EARNINGS BEFORE INCOME TAXES...................... (159,074) 241,203
PROVISION (BENEFIT) FOR INCOME TAXES.............. - 89,944
------------- -------------
NET INCOME (LOSS)................................. $ (159,074) $ 151,259
============= =============
AVERAGE COMMON SHARES
OUTSTANDING (thousands)......................... 77,916
EARNINGS PER AVERAGE
COMMON SHARE.................................... $ 1.94
</TABLE>
-7-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Statement of Retained Earnings
Year Ended December 31, 1999
OGE Oklahoma Gas
(dollars in thousands) Energy and Electric Enogex Origen OGE Consolidating
Corp. Company Inc. Inc. Capital Trust Adjustments
----------- ------------- ---------- -------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ 529,768 $ 341,125 $ 20,601 $(1,914) $ - $ (359,812)
ADD - net income (loss)........................... 151,259 139,041 21,663 (1,630) - (159,074)
----------- ------------- ---------- -------- ------------- -------------
Total......................................... 681,027 480,166 42,264 (3,544) - (518,886)
OTHER CHARGES TO RETAINED EARNINGS................ - - - 18 - (18)
DEDUCT:
Cash dividends declared
on common stock............................... 103,495 103,475 2,550 - - (106,025)
----------- ------------- ---------- -------- ------------- -------------
BALANCE AT END OF PERIOD.......................... $ 577,532 $ 376,691 $ 39,714 $(3,526) $ - $ (412,879)
=========== ============= ========== ======== ============= =============
OGE
(dollars in thousands) Consolidated
Statements
------------
<S> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ 529,768
ADD - net income (loss)........................... 151,259
------------
Total......................................... 681,027
OTHER CHARGES TO RETAINED EARNINGS................ -
DEDUCT:
Cash dividends declared
on common stock............................... 103,495
------------
BALANCE AT END OF PERIOD.......................... $ 577,532
============
</TABLE>
-8-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Balance Sheet
December 31, 1999
OGE Oklahoma Gas
(dollars in thousands) Energy and Electric Enogex Origen OGE Consolidating
Corp. Company Inc. Inc. Capital Trust Adjustments
----------- ------------- ----------- -------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................ $ - $ 1,779 $ 5,441 $ 51 $ - $ -
Accounts receivable - customers,
less reserve of $5,270................. - 96,212 167,496 - - -
Accounts receivable - affiliates......... 469,529 - 6,997 - 209,548 (686,074)
Accrued utility revenues................. - 40,200 - - - -
Accounts receivable-other................ - 8,074 2,344 44 - -
Fuel inventories, at LIFO cost........... - 75,465 41,720 - - -
Materials and supplies, at average cost.. 2,085 30,311 6,798 - - -
Prepayments and other.................... 3,451 3,100 10,360 - - -
Accumulated deferred tax assets.......... 101 7,681 947 - - -
----------- ------------- ----------- -------- ------------- -------------
Total current assets................... 475,166 262,822 242,103 95 209,548 (686,074)
OTHER PROPERTY AND INVESTMENTS, at cost.... 1,336,368 12,731 2,521 2,577 - (1,323,185)
PROPERTY, PLANT & EQUIPMENT:
In service............................... 35,596 3,747,690 1,426,497 - - -
Construction work in progress............ 24,107 15,575 16,871 - - -
----------- ------------- ----------- -------- ------------- -------------
Total property, plant and equipment.... 59,703 3,763,265 1,443,368 - - -
Less accumulated depreciation........ 6,348 1,810,898 207,103 - - -
----------- ------------- ----------- -------- ------------- -------------
Net property, plant and equipment........ 53,355 1,952,367 1,236,265 - - -
DEFERRED CHARGES:
Advance payments for gas................. - 11,800 - - - -
Income taxes recoverable through
future rates........................... - 39,692 - - - -
Other.................................... 9,376 41,248 42,559 - - -
----------- ------------- ----------- -------- ------------- -------------
Total deferred charges................. 9,376 92,740 42,559 - - -
----------- ------------- ----------- -------- ------------- -------------
TOTAL ASSETS............................... $1,874,265 $ 2,320,660 $1,523,448 $ 2,672 $ 209,548 $ (2,009,259)
=========== ============= =========== ======== ============= =============
OGE
(dollars in thousands) Consolidated
Statements
------------
<S> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................ $ 7,271
Accounts receivable - customers,
less reserve of $5,270................. 263,708
Accounts receivable - affiliates......... -
Accrued utility revenues................. 40,200
Accounts receivable-other................ 10,462
Fuel inventories, at LIFO cost........... 117,185
Materials and supplies, at average cost.. 39,194
Prepayments and other.................... 16,911
Accumulated deferred tax assets.......... 8,729
------------
Total current assets................... 503,660
OTHER PROPERTY AND INVESTMENTS, at cost.... 31,012
PROPERTY, PLANT & EQUIPMENT:
In service............................... 5,209,783
Construction work in progress............ 56,553
------------
Total property, plant and equipment.... 5,266,336
Less accumulated depreciation........ 2,024,349
------------
Net property, plant and equipment........ 3,241,987
DEFERRED CHARGES:
Advance payments for gas................. 11,800
Income taxes recoverable through
future rates........................... 39,692
Other.................................... 93,183
------------
Total deferred charges................. 144,675
------------
TOTAL ASSETS............................... $ 3,921,334
============
</TABLE>
-9-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Balance Sheet
December 31, 1999
OGE Oklahoma Gas
(dollars in thousands) Energy and Electric Enogex Origen OGE Consolidating
Corp. Company Inc. Inc. Capital Trust Adjustments
----------- ------------- ----------- -------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term debt................................. $ 589,100 $ - $ - $ - $ - $ -
Accounts payable - affiliates................... 210,254 75,674 398,961 1,185 - (686,074)
Accounts payable - other........................ 2,674 36,231 122,278 - - -
Dividends payable............................... 25,889 - - - - -
Customers' deposits............................. - 22,137 1 - - -
Accrued taxes................................... 15,711 19,545 5,959 - - -
Accrued interest................................ 938 14,573 9,322 - 3,358 -
Long-term debt due within one year.............. - 110,000 59,000 - - -
Other........................................... 4,794 20,893 14,374 84 - -
----------- ------------- ----------- -------- ------------- -------------
Total current liabilities..................... 849,360 299,053 609,895 1,269 3,358 (686,074)
LONG-TERM DEBT.................................... - 593,045 347,487 - 200,000 -
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation ......... (286) 14,886 2,086 - - -
Accumulated deferred income taxes............... 2,786 450,028 113,395 (72) -
Accumulated deferred investment tax credits..... - 62,578 - - - -
Other........................................... 3,026 11,933 24,202 - - -
----------- ------------- ----------- -------- ------------- -------------
Total deferred credits and other liabilities.. 5,526 539,425 139,683 (72) - -
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 441,847 512,446 386,669 5,001 6,190 (910,306)
Retained earnings............................... 577,532 376,691 39,714 (3,526) - (412,879)
----------- ------------- ----------- -------- ------------- -------------
Total stockholders' equity.................... 1,019,379 889,137 426,383 1,475 6,190 (1,323,185)
----------- ------------- ----------- -------- ------------- -------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $1,874,265 $ 2,320,660 $1,523,448 $ 2,672 $ 209,548 $ (2,009 259)
=========== ============= =========== ======== ============= =============
OGE
(dollars in thousands) Consolidated
Statements
------------
<S> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term debt................................. $ 589,100
Accounts payable - affiliates................... -
Accounts payable - other........................ 161,183
Dividends payable............................... 25,889
Customers' deposits............................. 22,138
Accrued taxes................................... 41,215
Accrued interest................................ 28,191
Long-term debt due within one year.............. 169,000
Other........................................... 40,145
------------
Total current liabilities..................... 1,076,861
LONG-TERM DEBT.................................... 1,140,532
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation ......... 16,686
Accumulated deferred income taxes............... 566,137
Accumulated deferred investment tax credits..... 62,578
Other........................................... 39,161
------------
Total deferred credits and other liabilities.. 684,562
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 441,847
Retained earnings............................... 577,532
------------
Total stockholders' equity.................... 1,019,379
------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 3,921 334
============
</TABLE>
-10-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Inc.
Consolidating Statement of Income
Year Ended December 31, 1999
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC
--------- ----------- -------------- ----------- -------------- -------------
<S> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES....................... $ 20,330 $ 70,472 $ 756,390 $ 25,557 $ 40,309 $ 76,630
OPERATING EXPENSES:
Gas purchased for resale............... - 39,293 742,352 - 28,690 27,366
Other operation and maintenance........ 4,874 24,107 7,958 9,580 6,414 17,327
Depreciation........................... 7,571 3,835 1,550 7,306 2,679 8,649
Taxes other than income................ 1,660 787 289 40 1,157 387
--------- ----------- -------------- ----------- -------------- -------------
Total operating expenses............. 14,105 68,022 752,149 16,926 38,940 53,729
--------- ----------- -------------- ----------- -------------- -------------
OPERATING INCOME......................... 6,225 2,450 4,241 8,631 1,369 22,901
OTHER INCOME (EXPENSES):
Interest charges....................... (16,278) (23) (359) - (5,889) (707)
Other, net............................. 3 678 (516) 840 17 2,054 195
Income from subsidiaries............... 12,655 - - - - -
--------- ----------- -------------- ----------- -------------- -------------
Total other income (expenses)........ 55 (539) 481 17 (3,835) (512)
--------- ----------- -------------- ----------- -------------- -------------
EARNINGS BEFORE INCOME TAXES............. 6,280 1,911 4,722 8,648 (2,466) 22,389
PROVISION (BENEFIT) FOR INCOME TAXES..... (1,566) 379 1,842 629 (1,123) 8,609
--------- ----------- -------------- ----------- -------------- -------------
NET INCOME (LOSS)........................ $ 7,846 $ 1,532 $ 2,880 $ 8,019 $ (1,343) $ 13,780
========= =========== ============== =========== ============== =============
Transok Enogex
(dollars in thousands) Holding Consolidating Consolidated
LLC Adjustments Statements
----------- ------------- ------------
<S> <C> <C> <C>
OPERATING REVENUES....................... $ 274,948 $ (178,609) $ 1,086,027
OPERATING EXPENSES:
Gas purchased for resale............... 173,346 (179,738) 831,309
Other operation and maintenance........ 62,298 (2) 132,556
Depreciation........................... 10,043 - 41,633
Taxes other than income................ 5,097 - 9,417
----------- ------------- ------------
Total operating expenses............. 250,784 (179,740) 1,014,915
----------- ------------- ------------
OPERATING INCOME......................... 24,164 1,131 71,112
OTHER INCOME (EXPENSES):
Interest charges....................... (22,318) 3,111 (42,463)
Other, net............................. 764 (4,184) 2,848
Income from subsidiaries............... - (12,655) -
----------- ------------- ------------
Total other income (expenses)........ (21,554) (13,728) (39,615)
----------- ------------- ------------
EARNINGS BEFORE INCOME TAXES............. 2,610 (12,597) 31,497
PROVISION (BENEFIT) FOR INCOME TAXES..... 1,041 23 9,834
----------- ------------- ------------
NET INCOME (LOSS)........................ $ 1,569 $ (12,620) $ 21,663
=========== ============= ============
</TABLE>
-11-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Inc.
Consolidating Statement of Retained Earnings
Year Ended December 31, 1999
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC
--------- ----------- -------------- ----------- -------------- -------------
<S> <C> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD........... $ 20,783 $ 5,418 $ 446 $ 10,598 $ (1,300) $ 8,815
ADD - net income (loss).................. 7,846 1,532 2,880 8,019 (1,343) 13,780
--------- ----------- -------------- ----------- -------------- -------------
Total................................ 28,629 6,950 3,326 18,617 (2,643) 22,595
DEDUCT:
Cash dividends declared
on common stock...................... 2,550 - - - - -
--------- ----------- -------------- ----------- -------------- -------------
BALANCE AT END OF PERIOD................. $ 26,079 $ 6,950 $ 3,226 $ 18,617 $ (2,643) $ 22,595
========= =========== ============== =========== ============== =============
Transok Enogex
(dollars in thousands) Holding Consolidating Consolidated
LLC Adjustments Statements
----------- ------------- ------------
<S> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD........... $ - $ (24,159) $ 20,601
ADD - net income (loss).................. 1,569 (12,620) 21,663
----------- ------------- ------------
Total................................ 1,569 (36,779) 42,264
DEDUCT:
Cash dividends declared
on common stock...................... - - 2,550
----------- ------------- ------------
BALANCE AT END OF PERIOD................. $ 1,569 $ (36,779) $ 39,714
=========== ============= ============
</TABLE>
-12-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Inc.
Consolidating Balance Sheet
December 31, 1999
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC
--------- ----------- -------------- ----------- -------------- -------------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.............. $ - $ 3,743 $ 7,436 $ - $ 2,184 $ -
Accounts receivable - customers,
less reserve of $1,865............... 2,474 10,665 83,783 3,786 3,158 1,598
Accounts receivable - affiliates....... 703,660 - 29,660 - 932 3,764
Accounts receivable-other.............. 241 201 - - 756 (4)
Fuel inventories, at LIFO cost......... 11,424 2,035 9,536 - - -
Materials and supplies, at
average cost......................... 2,979 258 - 15 579 -
Prepayments and other.................. 1,109 574 2,792 393 34 -
Accumulated deferred tax assets........ 597 38 236 76 - -
--------- ----------- -------------- ----------- -------------- -------------
Total current assets................. 722,484 17,514 133,443 4,270 7,643 5,358
OTHER PROPERTY AND INVESTMENTS, at cost.. 61,693 - 49 64 - -
PROPERTY, PLANT & EQUIPMENT:
In service............................. 198,012 77,441 2,891 95,754 144,866 204,264
Construction work in progress.......... 1,290 769 48 - 1,005 3,061
--------- ----------- -------------- ----------- -------------- -------------
Total property, plant and equipment.. 199,302 78,210 2,939 95,754 145 871 207,325
Less accumulated depreciation...... 73,007 12,354 443 37,728 4,219 69,254
--------- ----------- -------------- ----------- -------------- -------------
Net property, plant and equipment...... 126,295 65,856 2,496 58,026 141,652 138,071
DEFERRED CHARGES 1,081 4,957 4,541 265 10,866 6,726
--------- ----------- -------------- ----------- -------------- -------------
TOTAL ASSETS............................. $911,553 $ 88,327 $ 140,529 $ 62,625 $ 160,161 $ 150,155
========= =========== ============== =========== ============== =============
Transok Enogex
(dollars in thousands) Holding Consolidating Consolidated
LLC Adjustments Statements
----------- ------------- ------------
<S> <C> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.............. $ - $ (7,922) $ 5,441
Accounts receivable - customers,
less reserve of $1,865............... 62,032 - 167,496
Accounts receivable - affiliates....... - (731,019) 6,997
Accounts receivable-other.............. 1,150 - 2,344
Fuel inventories, at LIFO cost......... 18,725 - 41,720
Materials and supplies, at
average cost......................... 2,967 - 6,798
Prepayments and other.................. 5,458 - 10,360
Accumulated deferred tax assets........ - - 947
----------- ------------- ------------
Total current assets................. 90,332 (738,941) 242,103
OTHER PROPERTY AND INVESTMENTS, at cost.. - (59,285) 2,521
PROPERTY, PLANT & EQUIPMENT:
In service............................. 703,269 - 1,426,497
Construction work in progress.......... 10,698 - 16,871
----------- ------------- ------------
Total property, plant and equipment.. 713,967 - 1,443,368
Less accumulated depreciation...... 10,098 - 207,103
----------- ------------- ------------
Net property, plant and equipment...... 703,869 - 1,236,265
DEFERRED CHARGES 14,207 (84) 42,559
----------- ------------- ------------
TOTAL ASSETS............................. $ 808,408 $ (798,310) $ 1,523,448
=========== ============= ============
</TABLE>
-13-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Inc.
Consolidating Balance Sheet
December 31, 1999
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC
--------- ----------- -------------- ----------- -------------- -------------
<S> <C> <C> <C> <C> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates.......... $358,972 $ 52,558 $ 41,420 $ 19,737 $ 69,960 $ 37,424
Accounts payable - other............... 3,460 6,912 79,693 599 3,953 441
Customers' deposits.................... 1 - - - - -
Accrued taxes.......................... 687 501 79 12 111 348
Accrued interest....................... 4,412 - - - 459 -
Long-term debt due within one year..... 57,000 - - - 2,000 -
Other.................................. 4,735 1,759 622 517 - 318
--------- ----------- -------------- ----------- -------------- -------------
Total current liabilities............ 429,267 61,730 121,814 20,865 76,483 38,531
LONG-TERM DEBT........................... 93,000 - - - 81,487 -
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation. 1,928 - 105 - - -
Accumulated deferred income taxes...... 61,457 7,542 168 10,392 4,797 -
Other.................................. 9,751 8,392 115 - 36 1,492
--------- ----------- -------------- ----------- -------------- -------------
Total deferred credits and other
liabilities........................ 73,136 15,934 388 10,392 4,833 1,492
STOCKHOLDERS' EQUITY:
Common stockholders' equity............ 290,171 3,713 15,001 12,751 1 87,537
Retained earnings...................... 26,079 6,950 3,326 18,617 (2,643) 22,595
--------- ----------- -------------- ----------- -------------- -------------
Total stockholders' equity........... 316,250 10,663 18,327 31,368 (2,642) 110,132
--------- ----------- -------------- ----------- -------------- -------------
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY.................................. $911,553 $ 88,327 $ 140,529 $ 62,625 $ 160,161 $ 150,155
========= =========== ============== =========== ============== =============
Transok Enogex
(dollars in thousands) Holding Consolidating Consolidated
LLC Adjustments Statements
----------- ------------- ------------
<S> <C> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates.......... $ 542,507 $ (723,517) $ 398,961
Accounts payable - other............... 27,220 - 122,278
Customers' deposits.................... - - 1
Accrued taxes.......................... 4,221 - 5,959
Accrued interest....................... 4,451 - 9,322
Long-term debt due within one year..... - - 59,000
Other.................................. 21,848 (15,425) 14,374
----------- ------------- ------------
Total current liabilities............ 600,247 (738,942) 609,895
LONG-TERM DEBT........................... 173,000 - 347,487
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation. 53 - 2,086
Accumulated deferred income taxes...... 29,039 - 113,395
Other.................................. 4,500 (84) 24,202
----------- ------------- ------------
Total deferred credits and other
liabilities........................ 33,592 (84) 139,683
STOCKHOLDERS' EQUITY:
Common stockholders' equity............ - (22,505) 386,669
Retained earnings...................... 1,569 (36,779) 39,714
----------- ------------- ------------
Total stockholders' equity........... 1,569 (59,284) 426,383
----------- ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY.................................. $ 808,408 $ (798,310) $ 1,523,448
=========== ============= ============
</TABLE>
-14-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Products Corporation
Consolidating Statement of Income
Year Ended December 31, 1999
Enogex Todd NuStar
(dollars in thousands) Products Belvan Belvan Ranch Joint
Corporation Corporation Partners LP Partners LP Venture
----------- ----------- ----------- ----------- ---------
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES................................ $ 29,228 $ - $ 8,936 $ 2,850 $ 31,032
OPERATING EXPENSES:
Gas purchased for resale........................ 12,271 - 7,542 1,341 19,713
Other operation and maintenance................. 18,800 234 1,139 180 3,995
Depreciation.................................... 1,159 20 523 216 1,917
Taxes other than income......................... 344 7 94 6 336
----------- ----------- ----------- ----------- ---------
Total operating expenses...................... 32,574 261 9,298 1,743 25,961
----------- ----------- ----------- ----------- ---------
OPERATING INCOME.................................. (3,346) (261) (362) 1,107 5,071
OTHER INCOME (EXPENSES):
Interest charges................................ - - - - (23)
Other, net...................................... (33) 31 263 111 452
Income from subsidiaries........................ 5,290 - - - -
----------- ----------- ----------- ----------- ---------
Total other income (expenses)................. 5,257 31 263 111 429
EARNINGS BEFORE INCOME TAXES...................... 1,911 (230) (99) 1,218 5,500
PROVISIONS FOR INCOME TAXES....................... 379 - - - -
----------- ----------- ----------- ----------- ---------
NET INCOME (LOSS)................................. $ 1,532 $ (230) $ (99) $ 1,218 $ 5,500
=========== =========== =========== =========== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
OPERATING REVENUES................................ $ (1,574) $ 70,472
OPERATING EXPENSES:
Gas purchased for resale........................ (1,574) 39,293
Other operation and maintenance................. (241) 24,107
Depreciation.................................... - 3,835
Taxes other than income......................... - 787
------------- ------------
Total operating expenses...................... (1,815) 68,022
------------- ------------
OPERATING INCOME.................................. 241 2,450
OTHER INCOME (EXPENSES):
Interest charges................................ - (23)
Other, net...................................... (1,340) (516)
Income from subsidiaries........................ (5,290) -
------------- ------------
Total other income (expenses)................. (6,630) (539)
EARNINGS BEFORE INCOME TAXES...................... (6,389) 1,911
PROVISION FOR INCOME TAXES........................ - 379
------------- ------------
NET INCOME (LOSS)................................. $ (6,389) $ 1,532
============= ============
</TABLE>
-15-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Products Corporation
Consolidating Statement of Retained Earnings
Year Ended December 31, 1999
Enogex Todd NuStar
(dollars in thousands) Products Belvan Belvan Ranch Joint
Corporation Corporation Partners LP Partners LP Venture
----------- ----------- ----------- ----------- ---------
<S> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ 5,418 $ (134) $ 36 $ 14 $ 3,394
ADD - net income (loss)........................... 1,532 (230) (99) 1,218 5,500
----------- ----------- ----------- ----------- ---------
BALANCE AT END OF PERIOD.......................... $ 6,950 $ (364) $ (63) $ 1,232 $ 8,894
=========== =========== =========== =========== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ (3,310) $ 5,418
ADD - net income (loss)........................... (6,389) 1,532
------------- ------------
BALANCE AT END OF PERIOD.......................... $ (9,699) $ 6,950
============= ============
</TABLE>
-16-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Products Corporation
Consolidating Balance Sheet
December 31, 1999
Enogex Todd NuStar
(dollars in thousands) Products Belvan Belvan Ranch Joint
Corporation Corporation Partners LP Partners LP Venture
----------- ----------- ----------- ----------- ---------
<S> <C> <C> <C> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ - $ 830 $ - $ - $ 3,614
Accounts receivable - customers,
less reserve of $500.......................... 4,364 1,836 - - 4,465
Accounts receivable - affiliates................ - - - 1,830 -
Accounts receivable-other....................... 198 1 1 1 -
Fuel inventories, at LIFO cost.................. 2,035 - - - -
Materials and supplies, at average cost......... - - - - 258
Prepayments and other........................... 572 - - - 2
Accumulated deferred tax assets................. 38 - - - -
----------- ----------- ----------- ----------- ---------
Total current assets.......................... 7,207 2,667 1 1,831 8,339
OTHER PROPERTY AND INVESTMENTS, at cost........... 47,475 135 - - -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... 23,244 70 10,915 1,769 41,443
Construction work in progress................... 99 - 263 2 405
----------- ----------- ----------- ----------- ---------
Total property, plant and equipment........... 23,343 70 11,178 1,771 41,848
Less accumulated depreciation............... 6,913 21 755 121 4,544
----------- ----------- ----------- ----------- ---------
Net property, plant and equipment............... 16,430 49 10,423 1,650 37,304
DEFERRED CHARGES.................................. 1,797 252 23 1,947 938
----------- ----------- ----------- ----------- ---------
TOTAL ASSETS...................................... $ 72,909 $ 3,103 $ 10,447 $ 5,428 $ 46,581
=========== =========== =========== =========== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ (701) $ 3,743
Accounts receivable - customers,
less reserve of $500.......................... - 10,665
Accounts receivable - affiliates................ (1,830) -
Accounts receivable-other....................... - 201
Fuel inventories, at LIFO cost.................. - 2,035
Materials and supplies, at average cost......... - 258
Prepayments and other........................... - 574
Accumulated deferred tax assets................. - 38
------------- -----------
Total current assets.......................... (2,531) 17,514
OTHER PROPERTY AND INVESTMENTS, at cost........... (47,610) -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... - 77,441
Construction work in progress................... - 769
------------- -----------
Total property, plant and equipment........... - 78,210
Less accumulated depreciation............... - 12,354
------------- -----------
Net property, plant and equipment............... - 65,856
DEFERRED CHARGES.................................. - 4,957
------------- -----------
TOTAL ASSETS...................................... $ (50,141) $ 88,327
============= ===========
</TABLE>
-17-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Products Corporation
Consolidating Balance Sheet
December 31, 1999
Enogex Todd NuStar
(dollars in thousands) Products Belvan Belvan Ranch Joint
Corporation Corporation Partners LP Partners LP Venture
----------- ----------- ----------- ----------- ---------
<S> <C> <C> <C> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ 51,262 $ 1,296 $ - $ - $ -
Accounts payable - other........................ 1,421 911 - - 4,580
Accrued taxes................................... 91 1 83 2 324
Other........................................... 1,877 866 1,006 34 509
----------- ----------- ----------- ----------- ---------
Total current liabilities..................... 54,651 3,074 1,089 36 5,413
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... 7,542 - - - -
Other........................................... 53 79 21 4 -
----------- ----------- ----------- ----------- ---------
Total deferred credits and other liabilities.. 7,595 79 21 4 -
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 3,713 314 9,400 4,156 32,274
Retained earnings............................... 6,950 (364) (63) 1,232 8,894
----------- ----------- ----------- ----------- ---------
Total stockholders' equity.................... 10,663 (50) 9,337 5,388 41,168
----------- ----------- ----------- ----------- ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 72,909 $ 3,103 $ 10,447 $ 5,428 $ 46,581
=========== =========== =========== =========== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ - $ 52,558
Accounts payable - other........................ - 6,912
Accrued taxes................................... - 501
Other........................................... (2,533) 1,759
------------- ------------
Total current liabilities..................... (2,533) 61,730
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... - 7,542
Other........................................... 8,235 8,392
------------- ------------
Total deferred credits and other liabilities.. 8,235 15,934
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... (46,144) 3,713
Retained earnings............................... (9,699) 6,950
------------- ------------
Total stockholders' equity.................... (55,843) 10,663
------------- ------------
TOTAL CAPITALIZATION AND LIABILITIES.............. $ (50,141) $ 88,327
============= ============
</TABLE>
-18-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Arkansas Pipeline Corporation
Consolidating Statement of Income
Year Ended December 31, 1999
Enogex NOARK
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System LP Adjustments Statements
-------------- --------- ------------- ------------
<S> <C> <C> <C> <C>
OPERATING REVENUES................................ $ - $ 40,309 $ - $ 40,309
OPERATING EXPENSES:
Gas purchased for resale........................ - 28,690 - 28,690
Other operation and maintenance................. 1,660 4,754 - 6,414
Depreciation.................................... 198 3,063 (582) 2,679
Taxes other than income......................... - 1,157 - 1,157
-------------- --------- ------------- ------------
Total operating expenses...................... 1,858 37,664 (582) 38,940
-------------- --------- ------------- ------------
OPERATING INCOME.................................. (1,858) 2,645 582 1,369
OTHER INCOME (EXPENSES):
Interest charges................................ (425) (6,259) 795 (5,889)
Other, net...................................... 365 49 1,640 2,054
Income from subsidiaries........................ (1,447) - 1,447 -
-------------- --------- ------------- ------------
Total other income (expenses)................. (1,507) (6,210) 3,882 (3,835)
EARNINGS BEFORE INCOME TAXES...................... (3,365) (3,565) 4,464 (2,466)
BENEFIT FOR INCOME TAXES.......................... (1,123) - - (1,123)
-------------- --------- ------------- ------------
NET INCOME (LOSS)................................. $ (2,242) $ (3,565) $ 4,464 $ (1,343)
============== ========= ============= ============
</TABLE>
-19-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Arkansas Pipeline Corporation
Consolidating Statement of Retained Earnings
Year Ended December 31, 1999
Enogex NOARK
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System LP Adjustments Statements
-------------- --------- ------------- ------------
<S> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ (1,300) $ (4,114) $ 4,114 $ (1,300)
ADD - net income (loss)........................... (2,242) (3,565) 4,464 (1,343)
-------------- --------- ------------- ------------
BALANCE AT END OF PERIOD.......................... $ (3,542) $ (7,679) $ 8,578 $ (2,643)
============== ========= ============= ============
</TABLE>
-20-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Arkansas Pipeline Corporation
Consolidating Balance Sheet
December 31, 1999
Enogex NOARK
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System LP Adjustments Statements
-------------- --------- ------------- ------------
<S> <C> <C> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ - $ 2,184 $ - $ 2,184
Accounts receivable - customers................. - 3,158 - 3,158
Accounts receivable - affiliates................ 2,725 1,101 (2,894) 932
Accounts receivable-other....................... 756 - - 756
Materials and supplies, at average cost......... - 579 - 579
Prepayments and other........................... - 34 - 34
-------------- --------- ------------- ------------
Total current assets.......................... 3,481 7,056 (2,894) 7,643
OTHER PROPERTY AND INVESTMENTS, at cost........... 72,952 - (72,952) -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... 36 183,682 (38,852) 144,866
Construction work in progress................... - 1,005 - 1,005
-------------- --------- ------------- ------------
Total property, plant and equipment........... 36 184,687 (38,852) 145,871
Less accumulated depreciation............... 22 20,205 (16,008) 4,219
-------------- --------- ------------- ------------
Net property, plant and equipment............... 14 164,482 (22,844) 141,652
DEFERRED CHARGES.................................. - 13,713 (2,847) 10,866
-------------- --------- ------------- ------------
TOTAL ASSETS...................................... $ 76,447 $185,251 $ (101,537) $ 160,161
============== ========= ============= ============
</TABLE>
-21-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Arkansas Pipeline Corporation
Consolidating Balance Sheet
December 31, 1999
Enogex NOARK
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System LP Adjustments Statements
-------------- --------- ------------- ------------
<S> <C> <C> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ 69,960 $ 2,894 $ (2,894) $ 69,960
Accounts payable - other........................ - 3,953 - 3,953
Accrued taxes................................... (960) 1,071 - 111
Accrued interest................................ - 459 - 459
Long-term debt due within one year.............. - 2,000 - 2,000
-------------- --------- ------------- ------------
Total current liabilities..................... 69,000 10,377 (2,894) 76,483
LONG-TERM DEBT.................................... 6,487 75,000 - 81,487
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... 4,797 - - 4,797
Other........................................... - 36 - 36
-------------- --------- ------------- ------------
Total deferred credits and other liabilities.. 4,797 36 - 4,833
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... (295) 107,517 (107,221) 1
Retained earnings............................... (3,542) (7,679) 8,578 (2,643)
-------------- --------- ------------- ------------
Total stockholders' equity.................... (3,837) 99,838 (98,643) (2,642)
-------------- --------- ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 76,447 $185,251 $ (101,537) $ 160,161
============== ========= ============= ============
</TABLE>
-22-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
NOARK Pipeline System LP
Consolidating Statement of Income
Year Ended December 31, 1999
NOARK Ozark Gas NOARK Ozark Gas NOARK
(dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline
System LP LLC LLC Services LLC LLC Finance LLC
----------- ------------ ------------- ------------ --------- -----------
<S> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES................................ $ - $ 19,992 $ 463 $ 29,702 $ 24,908 $ -
OPERATING EXPENSES:
Gas purchased for resale........................ - 244 - 40,757 22,445 -
Other operation and maintenance................. 563 3,812 50 1 328 -
Depreciation.................................... - 2,810 98 - 155 -
Taxes other than income......................... 9 1,138 (4) - 14 -
----------- ------------ ------------- ------------ --------- -----------
Total operating expenses...................... 572 8,004 144 40,758 22,942 -
----------- ------------ ------------- ------------ --------- -----------
OPERATING INCOME.................................. (572) 11,988 319 (11,056) 1,966 -
OTHER INCOME (EXPENSES):
Interest charges................................ (5,713) (543) (3) - - (5,601)
Other, net...................................... 38 9 - - 2 5,601
Income from subsidiaries........................ 2,682 - - - - -
----------- ------------ ------------- ------------ --------- -----------
Total other income (expenses)................. (2,993) (534) (3) - 2 -
----------- ------------ ------------- ------------ --------- -----------
NET INCOME (LOSS)................................. $ (3,565) $ 11,454 $ 316 $ (11,056) $ 1,968 $ -
=========== ============ ============= ============ ========= ===========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
OPERATING REVENUES................................ $ (34,756) $ 40,309
OPERATING EXPENSES:
Gas purchased for resale........................ (34,756) 28,690
Other operation and maintenance................. - 4,754
Depreciation.................................... - 3,063
Taxes other than income......................... - 1,157
------------- ------------
Total operating expenses...................... (34,756) 37,664
------------- ------------
OPERATING INCOME.................................. - 2,645
OTHER INCOME (EXPENSES):
Interest charges................................ 5,601 (6,259)
Other, net...................................... (5,601) 49
Income from subsidiaries........................ (2,682) -
------------- ------------
Total other income (expenses)................. (2,682) (6,210)
------------- ------------
NET INCOME (LOSS)................................. $ (2,682) $ (3,565)
============= ============
</TABLE>
-23-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
NOARK Pipeline System LP
Consolidating Statement of Retained Earnings
Year Ended December 31, 1999
NOARK Ozark Gas NOARK Ozark Gas NOARK
(dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline
System LP LLC LLC Services LLC LLC Finance LLC
----------- ------------ ------------- ------------ --------- -----------
<S> <C> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ (4,114) $ 3,717 $ 85 $ (1,932) $ 593 $ -
ADD - net income (loss)........................... (3,565) 11,454 316 (11,056) 1,968 -
----------- ------------ ------------- ------------ --------- -----------
BALANCE AT END OF PERIOD.......................... $ (7,679) $ 15,171 $ 401 $ (12,988) $ 2,561 $ -
=========== ============ ============= ============ ========= ===========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ (2,463) $ (4,114)
ADD - net income (loss)........................... (2,682) (3,565)
------------- ------------
BALANCE AT END OF PERIOD.......................... $ (5,145) $ (7,679)
============= ============
</TABLE>
-24-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
NOARK Pipeline System LP
Consolidating Balance Sheet
December 31, 1999
NOARK Ozark Gas NOARK Ozark Gas NOARK
(dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline
System LP LLC LLC Services LLC LLC Finance LLC
----------- ------------ ------------- ------------ --------- -----------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ 3,492 $ 22 $ - $ - $ - $ -
Accounts receivable - customers................. 139 2,254 - 400 365 -
Accounts receivable - affiliates................ - 16,447 599 - 1,566 459
Materials and supplies, at average cost......... - 579 - - - -
Prepayments and other........................... - 34 - - - 2,000
----------- ------------ ------------- ------------ --------- -----------
Total current assets.......................... 3,631 19,336 599 400 1,931 2,459
OTHER PROPERTY AND INVESTMENTS, at cost........... 179,677 - - - - -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... - 176,146 2,452 - 5,084 -
Construction work in progress................... - 376 58 - 571 -
----------- ------------ ------------- ------------ --------- -----------
Total property, plant and equipment........... - 176,522 2,510 - 5,655 -
Less accumulated depreciation............... - 19,125 624 - 456 -
----------- ------------ ------------- ------------ --------- -----------
Net property, plant and equipment............... - 157,397 1,886 - 5,199 -
DEFERRED CHARGES.................................. 2,090 10,758 20 845 - 75,000
----------- ------------ ------------- ------------ --------- -----------
TOTAL ASSETS...................................... $ 185,398 $ 187,491 $ 2,505 $ 1,245 $ 7,130 $ 77,459
=========== ============ ============= ============ ========= ===========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ (1,330) $ 2,184
Accounts receivable - customers................. - 3,158
Accounts receivable - affiliates................ (17,970) 1,101
Materials and supplies, at average cost......... - 579
Prepayments and other........................... (2,000) 34
------------- ------------
Total current assets.......................... (21,300) 7,056
OTHER PROPERTY AND INVESTMENTS, at cost........... (179,677) -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... - 183,682
Construction work in progress................... - 1,005
------------- ------------
Total property, plant and equipment........... - 184,687
Less accumulated depreciation............... - 20,205
------------- ------------
Net property, plant and equipment............... - 164,482
DEFERRED CHARGES.................................. (75,000) 13,713
------------- ------------
TOTAL ASSETS...................................... $ (275,977) $ 185,251
============= ============
</TABLE>
-25-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
NOARK Pipeline System LP
Consolidating Balance Sheet
Ended December 31, 1999
NOARK Ozark Gas NOARK Ozark Gas NOARK
(dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline
System LP LLC LLC Services LLC LLC Finance LLC
----------- ------------ ------------- ------------ --------- -----------
<S> <C> <C> <C> <C> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ 7,664 $ - $ - $ 9,074 $ 2,259 $ -
Accounts payable - other........................ 10 736 78 4,172 (1,043) -
Accrued taxes................................... - 1,063 1 - 7 -
Accrued interest................................ 459 - - - - 458
Long-term debt due within one year.............. 2,000 - - - - 2,000
Other........................................... 428 - 31 951 1,328 -
----------- ------------ ------------- ------------ --------- -----------
Total current liabilities..................... 10,561 1,799 110 14,197 2,551 2,458
LONG-TERM DEBT.................................... 75,000 - - - - 75,000
OTHER LIABILITIES................................. - - - 36 - -
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 107,516 170,521 1,994 - 2,018 1
Retained earnings............................... (7,679) 15,171 401 (12,988) 2,561 -
----------- ------------ ------------- ------------ --------- -----------
Total stockholders' equity.................... 99,837 185,692 2,395 (12,988) 4,579 1
----------- ------------ ------------- ------------ --------- -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 185,398 $ 187,491 $ 2,505 $ 1,245 $ 7,130 $ 77,459
=========== ============ ============= ============ ========= ===========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ (16,103) $ 2,894
Accounts payable - other........................ - 3,953
Accrued taxes................................... - 1,071
Accrued interest................................ (458) 459
Long-term debt due within one year.............. (2,000) 2,000
Other........................................... (2,738) -
------------- ------------
Total current liabilities..................... (21,299) 10,377
LONG-TERM DEBT.................................... (75,000) 75,000
OTHER LIABILITIES................................. - 36
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... (174,533) 107,517
Retained earnings............................... (5,145) (7,679)
------------- ------------
Total stockholders' equity.................... (179,678) 99,838
------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ (275,977) $ 185,251
============= ============
</TABLE>
-26-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Transok Holding, LLC
Consolidating Statement of Income
Year Ended December 31, 1999
Transok Transok Transok Transok
(dollars in thousands) Holding Transok Gas Gathering Gas Processing Gas
LLC LLC LLC LLC LLC
----------- ------------ ------------- -------------- ---------
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES................................ $ - $ 47,383 $ 7,995 $ 74,125 $269,591
OPERATING EXPENSES:
Gas purchased for resale........................ - 4,751 - 14,126 256,156
Cost of Service................................. - 18,274 - - -
Other operation and maintenance................. - 8,579 3,866 46,277 7,761
Depreciation.................................... - 3,680 2,142 4,221 -
Taxes other than income......................... - 3,018 794 1,285 -
----------- ------------ ------------- -------------- ---------
Total operating expenses...................... - 38,302 6,802 65,909 263,917
----------- ------------ ------------- -------------- ---------
OPERATING INCOME.................................. - 9,081 1,193 8,216 5,674
OTHER INCOME (EXPENSES):
Interest charges................................ - (16,878) (1,194) (3,571) (675)
Other, net...................................... - 763 1 - -
Income from subsidiaries........................ 1,569 5,905 - - -
----------- ------------ ------------- -------------- ---------
Total other income (expenses)................. 1,569 (10,210) (1,193) (3,571) (675)
----------- ------------ ------------- -------------- ---------
EARNINGS BEFORE INCOME TAXES...................... 1,569 (1,129) - 4,645 4,999
PROVISION (BENEFIT) FOR INCOME TAXES.............. - (2,697) 1 1,805 1,932
----------- ------------ ------------- -------------- ---------
NET INCOME (LOSS)................................. $ 1,569 $ 1,568 $ (1) $ 2,840 $ 3,067
=========== ============ ============= ============== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
OPERATING REVENUES................................ $ (124,146) $ 274,948
OPERATING EXPENSES:
Gas purchased for resale........................ (101,687) 173,346
Cost of Service................................. (18,274) -
Other operation and maintenance................. (4,185) 62,298
Depreciation.................................... - 10,043
Taxes other than income......................... - 5,097
------------- ------------
Total operating expenses...................... (124,146) 250,784
------------- ------------
OPERATING INCOME.................................. - 24,164
OTHER INCOME (EXPENSES):
Interest charges................................ - (22,318)
Other, net...................................... - 764
Income from subsidiaries........................ (7,474) -
------------- ------------
Total other income (expenses)................. (7,474) (21,554)
------------- ------------
EARNINGS BEFORE INCOME TAXES...................... (7,474) 2,610
PROVISION (BENEFIT) FOR INCOME TAXES.............. - 1,041
------------- ------------
NET INCOME (LOSS)................................. $ (7,474) $ 1,569
============= ============
</TABLE>
-27-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Transok Holding, LLC
Consolidating Statement of Retained Earnings
Year Ended December 31, 1999
Transok Transok Transok Transok
(dollars in thousands) Holding Transok Gas Gathering Gas Processing Gas
LLC LLC LLC LLC LLC
----------- ------------ ------------- -------------- ---------
<S> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ - $ - $ - $ - $ -
ADD - net income (loss)........................... 1,569 1,568 (1) 2,840 3,067
----------- ------------ ------------- -------------- ---------
BALANCE AT END OF PERIOD.......................... $ 1,569 $ 1,568 $ (1) $ 2,840 $ 3,067
=========== ============ ============= ============== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ - $ -
ADD - net income (loss)........................... (7,474) 1,569
------------- ------------
BALANCE AT END OF PERIOD.......................... $ (7,474) $ 1,569
============= ============
</TABLE>
-28-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Transok Holding, LLC
Consolidating Balance Sheet
December 31, 1999
Transok Transok Transok Transok
(dollars in thousands) Holding Transok Gas Gathering Gas Processing Gas
LLC LLC LLC LLC LLC
----------- ------------ ------------- -------------- ---------
<S> <C> <C> <C> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ - $ - $ - $ 2 $ -
Accounts receivable - customers,
less reserve of $462.......................... - 14,452 - 33 47,547
Accounts receivable - affiliates................ - 11,518 5,398 13,001 -
Accounts receivable - other..................... - 1,144 4 2 -
Fuel inventories, at LIFO cost.................. - - - - 18,725
Materials and supplies, at average cost......... - 2,967 - - -
Prepayments and other........................... - 736 35 27 4,660
----------- ------------ ------------- -------------- ---------
Total current assets.......................... - 30,817 5,437 13,065 70,932
OTHER PROPERTY AND INVESTMENTS, at cost........... 1,569 319,466 - - -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... - 404,562 85,676 213,031 -
Construction work in progress................... - 1,097 4,581 5,020 -
----------- ------------ ------------- -------------- ---------
Total property, plant and equipment........... - 405,659 90,257 218,051 -
Less accumulated depreciation............... - 3,677 2,143 4,278 -
----------- ------------ ------------- -------------- ---------
Net property, plant and equipment............... - 401,982 88,114 213,773 -
DEFERRED CHARGES.................................. - 7,418 - 76 6,713
----------- ------------ ------------- -------------- ---------
TOTAL ASSETS...................................... $ 1,569 $ 759,683 $ 93,551 $ 226,914 $ 77,645
=========== ============ ============= ============== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ (2) $ -
Accounts receivable - customers,
less reserve of $462.......................... - 62,032
Accounts receivable - affiliates................ (29,917) -
Accounts receivable - other..................... - 1,150
Fuel inventories, at LIFO cost.................. - 18,725
Materials and supplies, at average cost......... - 2,967
Prepayments and other........................... - 5,458
------------- ------------
Total current assets.......................... (29,919) 90,332
OTHER PROPERTY AND INVESTMENTS, at cost........... (321,035) -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... - 703,269
Construction work in progress................... - 10,698
------------- ------------
Total property, plant and equipment........... - 713,967
Less accumulated depreciation............... - 10,098
------------- ------------
Net property, plant and equipment............... - 703,869
DEFERRED CHARGES.................................. - 14,207
------------- ------------
TOTAL ASSETS...................................... $ (350,954) $ 808,408
============= ============
</TABLE>
-29-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Transok Holding, LLC
Consolidating Balance Sheet
December 31, 1999
Transok Transok Transok Transok
(dollars in thousands) Holding Transok Gas Gathering Gas Processing Gas
LLC LLC LLC LLC LLC
----------- ------------ ------------- -------------- ---------
<S> <C> <C> <C> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ - $ 540,534 $ 41 $ - $ 1,932
Accounts payable - other........................ - 7,587 2 1,303 18,328
Accrued taxes................................... - 2,682 658 881 -
Accrued interest................................ - 4,451 - - -
Other........................................... - 16,432 26,308 4,371 4,656
----------- ------------ ------------- -------------- ---------
Total current liabilities..................... - 571,686 27,009 6,555 24,916
LONG-TERM DEBT.................................... - 173,000 - - -
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation.......... - 53 - - -
Accumulated deferred income taxes............... - 8,875 5,358 14,806 -
Other........................................... - 4,500 - - -
----------- ------------ ------------- -------------- ---------
Total deferred credits and other liabilities.. - 13,428 5,358 14,806 -
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... - 1 61,185 202,713 49,662
Retained earnings............................... 1,569 1,568 (1) 2,840 3,067
----------- ------------ ------------- -------------- ---------
Total stockholders' equity.................... 1,569 1,569 61,184 205,553 52,729
----------- ------------ ------------- -------------- ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 1,569 $ 759,683 $ 93,551 $ 226,914 $ 77,645
=========== ============ ============= ============== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ - $ 542,507
Accounts payable - other........................ - 27,220
Accrued taxes................................... - 4,221
Accrued interest................................ - 4,451
Other........................................... (29,919) 21,848
------------- ------------
Total current liabilities..................... (29,919) 600,247
LONG-TERM DEBT.................................... - 173,000
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued Pension and benefit obligation.......... - 53
Accumulated deferred income taxes............... - 29,039
Other........................................... - 4,500
------------- ------------
Total deferred credits and other liabilities.. - 33,592
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... (313,561) -
Retained earnings............................... (7,474) 1,569
------------- ------------
Total stockholders' equity.................... (321,035) 1,569
------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ (350,954) $ 808,408
============= ============
</TABLE>
-30-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Origen
Consolidating Statement of Income
Year Ended December 31, 1999
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies GD&E GT CO Adjustments Statements
--------- ------------ ---------- ---------- ------------- ------------
<S> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES................................ $ - $ - $ 8 $ 70 $ - $ 78
OPERATING EXPENSES:
Other operation and maintenance................. 386 616 356 1,180 - 2,538
Depreciation.................................... - - 19 4 - 23
Taxes other than income......................... - 28 - - - 28
--------- ------------ ---------- ---------- ------------- ------------
Total operating expenses...................... 386 644 375 1,184 - 2,589
--------- ------------ ---------- ---------- ------------- ------------
OPERATING INCOME.................................. (386) (644) (367) (1,114) - (2,511)
OTHER INCOME (EXPENSES):
Interest charges................................ (89) (110) (2) - 112 (89)
Other, net...................................... 277 - 2 (283) (112) (116)
Income from subsidiaries........................ (1,546) - - - 1,546 -
--------- ------------ ---------- ---------- ------------- ------------
Total other income (expenses)................. (1,358) (110) - (283) 1,546 (205)
--------- ------------ ---------- ---------- ------------- ------------
EARNINGS BEFORE INCOME TAXES...................... (1,744) (754) (367) (1,397) 1,546 (2,716)
BENEFIT FOR INCOME TAXES.......................... (114) (290) (142) (540) - (1,086)
--------- ------------ ---------- ---------- ------------- ------------
NET INCOME (LOSS)................................. $ (1,630) $ (464) $ (225) $ (857) $ 1,546 $ (1,630)
========= ============ ========== ========== ============= ============
</TABLE>
-31-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Origen
Consolidating Statement of Retained Earnings
Year Ended December 31, 1999
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies GD&E GT CO Adjustments Statements
--------- ------------ ---------- ---------- ------------- ------------
<S> <C> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ (1,914) $ (1,537) $ (914) $ - $ 2,451 $ (1,914)
ADD - net income (loss)........................... (1,630) (464) (225) (857) 1,546 (1,630)
OTHER CHARGES TO RETAINED EARNINGS................ 18 - 1,139 857 (1,996) 18
--------- ------------ ---------- ---------- ------------- ------------
BALANCE AT END OF PERIOD.......................... $ (3,526) $ (2,001) $ - $ - $ 2,001 $ (3,526)
========= ============ ========== ========== ============= ============
</TABLE>
-32-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Origen
Consolidating Balance Sheet
December 31, 1999
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies Adjustments Statements
--------- ------------ ------------- ------------
<S> <C> <C> <C> <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ 51 $ - $ - $ 51
Accounts receivable - affiliates................ 3,243 - (3,243) -
Accounts receivable - other..................... 44 - - 44
--------- ------------ ------------- ------------
Total current assets.......................... 3,338 - (3,243) 95
OTHER PROPERTY AND INVESTMENTS, at cost........... 577 - 2,000 2,577
--------- ------------ ------------- ------------
TOTAL ASSETS...................................... $ 3,915 $ - $ (1,243) $ 2,672
========= ============ ============= ============
</TABLE>
-33-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Origen
Consolidating Balance Sheet
December 31, 1999
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies Adjustments Statements
--------- ------------ ------------- ------------
<S> <C> <C> <C> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ 2,442 $ 1,986 $ (3,243) $ 1,185
Other........................................... 70 14 - 84
--------- ------------ ------------- ------------
Total current liabilities..................... 2,512 2,000 (3,243) 1,269
ACCUMULATED DEFERRED INCOME TAXES................. (72) - - (72)
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 5,001 1 (1) 5,001
Retained earnings............................... (3,526) (2,001) 2,001 (3,526)
--------- ------------ ------------- ------------
Total stockholders' equity.................... 1,475 (2,000) 2,000 1,475
--------- ------------ ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 3,915 $ - $ (1,243) $ 2,672
========= ============ ============= ============
</TABLE>
-34-
<TABLE> <S> <C>
<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, 1999 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-31-1999
<PERIOD-START> JAN-1-1999
<PERIOD-END> DEC-31-1999
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 3,921,334
<TOTAL-OPERATING-REVENUES> 2,172,434
<NET-INCOME> 151,259
</TABLE>
