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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
OKLAHOMA GAS AND ELECTRIC COMPANY
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.
Oklahoma Gas and Electric Company (the "Company") 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.
The Company is predominantly 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.
The Arklahoma Corporation may be considered to be a subsidiary
because the Company owns one-hundred-seventy shares of the common
stock of The Arklahoma Corporation, out of a total five hundred shares
of such stock outstanding, in accordance with the plan set forth in
the joint Application-Declaration of Form U-1 filed with the
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Commission (File No. 70-1673) to which reference is hereby made. The
Arklahoma Corporation is organized under the laws of the State of
Arkansas. It is an electric public utility organized for the purpose
of owning and leasing certain electric transmission facilities in the
States of Arkansas and Oklahoma.
The Company had one wholly-owned subsidiary, Enogex Inc.
Enogex Inc. had five wholly-owned subsidiaries: Enogex Products
Corporation, Enogex Services Corporation, Enogex Exploration
Corporation, ENGL Corporation and Clinton Gas Transmission Inc.
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 the Company'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 processing of
natural gas and the marketing of natural gas liquids; are engaged in
the buying, selling and 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.
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The principal properties of Oklahoma Gas and Electric Company
are described in the above mentioned Form 10-K Annual Report (File No.
1-1097) on file with the Commission. The principal properties of The
Arklahoma Corporation consist of electrical transmission facilities,
including a 161 KV transmission line extending 166 miles from Boudinot
Tap near Tahlequah, Oklahoma, to Substation "A" located at Lake
Catherine, Arkansas.
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.
21,199,440,000 Kwh by Oklahoma Gas and Electric Company
None by The Arklahoma Corporation
(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.
1,999,855,000 Kwh by Oklahoma Gas and Electric Company
None by The Arklahoma Corporation
(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.
1,004,290,000 Kwh by Oklahoma Gas and Electric Company
None by The Arklahoma Corporation
(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.
783,952,000 Kwh by Oklahoma Gas and Electric Company
None by The Arklahoma Corporation
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.
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(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.
EXHIBITS
A. Consolidating Statement of Income and Retained Earnings
for the year ended December 31, 1994, and Consolidating
Balance Sheet as of December 31, 1994, for Oklahoma Gas
and Electric 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. The Company does not hold
directly or indirectly any interest in an EWG or a foreign
utility company.
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The above-named claimant has caused this statement to be duly
executed on its behalf by its authorized officer on this 27th day of
February 1995.
OKLAHOMA GAS AND ELECTRIC COMPANY
BY: D. L. Young
Controller
CORPORATE SEAL
Attest:
Irma B. Elliott
Secretary
Name, title and address of officer to whom notices and
correspondence concerning this statement should be addressed:
D. L. Young, Controller
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P. O. Box 321, Oklahoma City, Oklahoma 73101-0321
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Exhibit A
Oklahoma Gas and Electric Company
Consolidating Statement of Income
12 Months Ended December 31, 1994
<TABLE>
<CAPTION>
Oklahoma Enogex Clinton Centoma The OG&E
(dollars in thousands Gas and Enogex Enogex Explor- Gas Gas Arkla- Consolid- Consoli-
except per share data) Electric Enogex Products Services ation ENGL Transmis- Systems homa ating Ad- dated
Company Inc. Corp. Corp. Corp. Corp. sion Inc Inc. Corp. justments Statement
---------- ------- ------- -------- ------- ------ -------- -------- ----- -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES . . . $1 196,898 $57 749 $18,660 $107,676 $ 5,287 $5,686 $17,609 $ 3,535 $ 15 ($57,947) $1,355,168
OPERATING EXPENSES:
Fuel . . . . . . . . . 308,139 - - - - - - - (44,810) 263,329
Purchased power . . . . 228,701 - - - - - - - - - 228,701
Gas purchased for resale - 3,954 5,076 102,435 - 2,195 17,063 3,199 - (19,878) 114,044
Other operation . . . . 176,669 22,041 5,440 1,760 1,735 2,065 259 237 7 6,748 216,961
Maintenance . . . . . . 65,182 1,401 394 - - 256 - - - 67,233
Restructuring . . . . . 21,035 - - - - - - - - - 21,035
Depreciation . . . . . 107,239 13,187 2,775 881 1,858 294 71 72 - - 126,377
Current income taxes . 47,841 3,945 2,499 464 (4,218) (284) (3) (116) - 1 - 50,129
Deferred income taxes, net 25,312 (382) (625) (26) 2,103 472 114 124 - - 27,092
Deferred investment tax
credits, net . . . . . (5,150) - - - - - - - - - (5,150)
Taxes other than income 41,106 3,503 171 58 16 76 19 2 - - 44,951
--------- ------- ------- -------- ------- ------ ------- -------- ----- -------- ----------
Total operating expenses 1,016,074 47,649 15,730 105,572 1,494 5,074 17,523 3,518 8 (57,940) 1,154,702
OPERATING INCOME . . . . 180,824 10,100 2,930 2,104 3,793 612 86 17 7 (7) 200,466
OTHER INCOME AND DEDUCTIONS:
Interest income . . . . 5,203 1,848 12 44 3 1 26 - - (3,728) 3,409
Other . . . . . . . . . (4,882) 51 103 (921) 71 - 2 - (60) 60 (5,576)
Income from subsidiaries 9,990 7,450 - - - - - - - (17,440) -
---------- ------- ------- -------- ------- ------ ------- -------- ----- -------- ----------
Net other income and
deductions . . . . . 10,311 9,349 115 (877) 74 1 28 - (60) (21,108) (2,167)
INTEREST CHARGES:
Interest on long-term debt 61,226 5,471 - - 84 - - - - 899 67,680
Allowance for borrowed
funds used during
construction . . . . (1,073) - - - - - - - - - (1,073)
Other . . . . . . . . . 7,197 3,622 275 544 577 315 - 4 - (4,627) 7,907
---------- ------- ------- -------- ------- ------ ------- --------- ----- -------- ----------
Total interest charges,
net . . . . . . . . . 67,350 9,093 275 544 661 315 - 4 - (3,728) 74,514
NET INCOME (LOSS). . . . 123,785 10,356 2,770 683 3,206 298 114 13 (53) (17,387) 123,785
PREFERRED DIVIDEND
REQUIREMENTS . . . . . 2,317 - - - - - - - - - 2,317
--------- ------- ------- -------- ------- ------ ------- --------- ----- -------- ----------
EARNINGS AVAILABLE
FOR COMMON . . . . . . $ 121,468 $10,356 $ 2,770 $ 683 $ 3,206 $ 298 $ 114 $ 13 ($53) ($17,387) $ 121,468
========= ======= ======= ======== ======= ====== ======= ========= ===== ======== ==========
AVERAGE COMMON SHARES
OUTSTANDING (thousands) 40,344 40,344
EARNINGS PER AVERAGE
COMMON SHARE . . . . . $3.01 $3.01
</TABLE>
<PAGE>
Exhibit A
Oklahoma Gas and Electric Company
Consolidating Statement of Retained Earnings
12 Months Ended December 31, 1994
<TABLE>
<CAPTION>
Oklahoma Enogex Clinton Centoma The OG&E
(dollars in thousands) Gas and Enogex Enogex Explor- Gas Gas Arkla- Consolid- Consoli-
Electric Enogex Products Services ation ENGL Transmis- Systems homa ating Ad- dated
Company Inc. Corp. Corp. Corp. Corp. sion Inc. Inc. Corp. justments Statement
-------- ------- -------- -------- ------- ----- -------- ------- ------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING
OF PERIOD . . . . . . . . . $395,811 $ 4,229 ($ 718) ($1,017) ($672) ($232) $ 12 $ - $633 ($ 2,235) $395,811
ADD - net income (loss) . . 123,785 10,356 2,770 683 3,206 298 114 13 (53) (17,387) 123,785
-------- ------- ------ ------- ----- ----- ------ ------- ---- -------- --------
Total . . . . . . . . . 519,596 14,585 2,052 (334) 2,534 66 126 13 580 (19,622) 519,596
DEDUCT:
Cash dividends declared
on preferred stock . . 2,317 - - - - - - - - - 2,317
Cash dividends declared
on common stock . . . . 107,319 9,070 3,187 - 1,623 - 119 - - (13,999) 107,319
-------- ------- ------ ------- ----- ----- ------ ------- ---- -------- --------
Total . . . . . . . . . 109,636 9,070 3,187 - 1,623 - 119 - - (13,999) 109,636
-------- ------- ------ ------- ----- ----- ------ ------- ---- -------- --------
BALANCE AT END OF PERIOD . $409,960 $ 5,515 ($1,135) ($ 334) $ 911 $ 66 $ 7 $ 13 $580 ($ 5,623) $409,960
======== ======= ====== ======= ===== ===== ====== ======= ==== ======== ========
</TABLE>
<PAGE>
Exhibit A
Oklahoma Gas and Electric Company
Consolidating Balance Sheet
December 31, 1994
<TABLE>
<CAPTION>
Oklahoma Enogex Clinton Centom The OG&E
(dollars in thousands) Gas and Enogex Enogex Explor- Gas Gas Arkla- Consolid- Consoli-
Electric Enogex Products Services ation ENGL Transmis- Systems homa ating Ad- dated
Company Inc. Corp. Corp. Corp. Corp. sion Inc. Inc. Corp. justments Statement
---------- -------- ------- -------- ------- ------ -------- ------- ------ ---------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ASSETS
PROPERTY, PLANT &
EQUIPMENT:
In service . . . . . . $3,423,431 $274,166 $17,523 $ 210 $41,296 $7,447 $ 104 $ 6,070 $2,562 ($ 2,562) $3,770,247
Construction work in
progress . . . . . . 42,624 1,212 107 - - - - - - - 43,943
---------- -------- ------- ------- ------- ------ ------ ------- ------ --------- ----------
Total property, plant
and equipment . . . . 3,466,055 275,378 17,630 210 41,296 7,447 104 6,070 2,562 (2,562) 3,814,190
Less accumulated
depreciation . . . 1,400,584 76,007 6,608 131 3,382 419 78 91 2,249 (2,249) 1,487,300
---------- -------- ------- ------- ------- ------ ------ ------- ------ --------- ---------
Net property, plant and
equipment . . . . . . 2,065,471 199,371 11,022 79 37,914 7,028 26 5,979 313 (313) 2,326,890
OTHER PROPERTY AND
INVESTMENTS, at cost . 110,737 29,382 - - - - - - - (132,251) 7,868
CURRENT ASSETS:
Cash and cash equivalent 434 764 485 541 - 87 260 - 522 (638) 2,455
Accounts receivable -
customers, less
reserve of $3,719 . . 96,484 50,908 1,954 15,711 194 336 224 3,060 - (50,553) 118,318
Accrued unbilled revenue 36,800 - - - - - - - - - 36,800
Accounts receivable-other 89,327 662 20 15 - (1) - - - (81,422) 8,601
Fuel inventories, at
LIFO cost . . . . . . . 43,579 - 1,732 - - 1,183 - - - - 46,494
Materials and supplies, at
average cost . . . . . 26,808 3,571 22 - - - - - - - 30,401
Prepayments and other . . 41,953 665 (8) (35) 20 (2) 527 17 - - 43,137
Accumulated deferred
tax assets . . . . . . 11,713 364 - - - - - - - - 12,077
---------- -------- ------- ------- ------- ------ ------ ------- ------ --------- ----------
Total current assets . 347,098 56,934 4,205 16,232 214 1,603 1,011 3,077 522 (132,613) 298,283
DEFERRED CHARGES:
Advance payments for gas 10,000 - - - - - - - - - 10,000
Income taxes recoverable -
future rates . . . . . 47,246 - - - - - - - - - 47,246
Other . . . . . . . . . . 76,970 890 4,571 11,036 210 - 487 2,931 - (4,753) 92,342
---------- -------- ------- ------- ------- ------ ------ ------- ------ --------- ----------
Total deferred charges 134,216 890 4,571 11,036 210 - 487 2,931 - (4,753) 149,588
TOTAL ASSETS . . . . . . .$2,657,522 $286,577 $19,798 $27,347 $38,338 $8,631 $1,524 $11,987 $ 835 ($269,930) $2,782,629
========== ======== ======= ======= ======= ====== ====== ====== ====== ========= ==========
</TABLE>
<PAGE>
Exhibit A
Oklahoma Gas and Electric Company
Consolidating Balance Sheet
December 31, 1994
<TABLE>
<CAPTION>
Oklahoma Enogex Clinton Centoma The OG&E
(dollars in thousands) Gas and Enogex Enogex Explor- Gas Gas Arkla- Consolid- Consoli-
Electric Enogex Products Services ation ENGL Transmis- Systems homa ating Ad- dated
Company Inc. Corp. Corp. Corp. Corp. sion Inc. Inc. Corp. justments Statement
---------- -------- ------- -------- ------- ------ -------- ------- ------ ---------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and retained
earnings . . . . . . . $ 921,177 $ 98,802 $ 9,957 ($ 332) $13,662 $3,317 $ 332 $ 8,141 $ 630 ($134,509) $ 921,177
Cummulative preferred
stock . . . . . . . . . 49,973 - - - - - - - - - 49,973
Long-term debt . . . . . 723,667 - - - 6,900 - - - - - 730,567
----------- --------- ------- -------- ------- ------ ------- ------- ------ ---------- ----------
Total capitalization . . 1,694,817 98,802 9,957 (332) 20,562 3,317 332 8,141 630 (134,509) 1,701,717
CURRENT LIABILITIES:
Short-term debt . . . . . 152,750 30,000 - - - - - - - - 182,750
Accounts payable . . . . 49,548 94,546 6,393 27,446 11,664 4,589 1,236 3,061 145 (132,237) 66,391
Dividends payable . . . . 27,415 - - - - - - - - - 27,415
Customers' deposits . . . 20,903 1 - - - - - - - - 20,904
Accrued taxes . . . . . . 23,782 1,321 34 (4) - 20 - - - - 25,153
Accrued interest . . . . 23,740 133 - - - - - - - - 23,873
Long-term debt due
within one year . . . . 25,350 - - - - - - - - - 25,350
Accumulated provision for
rate refunds . . . . . 2,970 - - - - - - - - - 2,970
Other . . . . . . . . . . 39,568 1,753 - - - - - - - - 41,321
---------- -------- ------- -------- ------- ------ ------ ------- ------ ---------- ----------
Total current liabilities 366,026 127,754 6,427 27,442 11,664 4,609 1,236 3,061 145 (132,237) 416,127
DEFERRED CREDITS AND OTHER
LIABILITIES:
Accrued pension and
benefit obligation . . 68,433 2,581 - - - - - - - - 71,014
Accumulated deferred income
taxes . . . . . . . . . 437,768 48,369 3,414 (36) 6,107 705 (56) 785 60 (60) 497,056
Accumulated deferred invest-
ment tax credits . . . 88,328 - - - - - - - - - 88,328
Other . . . . . . . . . . 2,150 9,071 - 273 5 - 12 - - (3,124) 8,387
---------- -------- ------- -------- ------- ------ ------ ------- ------ ---------- ----------
Total deferred credits and
other liabilities . . . 596,679 60,021 3,414 237 6,112 705 (44) 785 60 (3,184) 664,785
TOTAL CAPITALIZATION AND
LIABILITIES . . . . . . . $2,657,522 $286,577 $19,798 $27,347 $38,338 $8,631 $1,524 $11,987 $ 835 ($269,930) $2,782,629
========== ======== ======= ======== ======= ====== ====== ======= ====== ========== ==========
</TABLE>
<TABLE> <S> <C>
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<ARTICLE> OPUR3
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
OKLAHOMA GAS AND ELECTRIC COMPANY CONSOLIDATED STATEMENT OF INCOME AND
BALANCE SHEET AS REPORTED ON FORM U-3A-2 AS OF DECEMBER 31, 1994 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-31-1994
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 2,782,629
<TOTAL-OPERATING-REVENUES> 1,355,168
<NET-INCOME> 123,785
</TABLE>