<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
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 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
<PAGE>
and leasing certain electric transmission facilities in the States of Arkansas
and Oklahoma.
The Company had one wholly-owned subsidiary, Enogex Inc. As of December
31, 1995, Enogex Inc. had three wholly-owned subsidiaries: Enogex Products
Corporation, Enogex Services Corporation and Enogex Exploration Corporation. On
December 31, 1995, the assets of two former wholly-owned subsidiaries of Enogex
Inc., ENGL Corporation and Clinton Gas Transmission Inc.,were transferred to
Enogex Products Corporation and Enogex Services Corporation, respectively, and
ENGL Corporation and Clinton Gas Transmission Inc. were dissolved. 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 gathering and 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.
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
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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.
22,680,254,000 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.
2,089,006,000 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.
2,381,228,000 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.
168,306,000 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.
(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.
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(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, 1995, and Consolidating Balance Sheet as of
December 31, 1995, 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 16th day of February 1996.
OKLAHOMA GAS AND ELECTRIC COMPANY
(Registrant)
By /s/ D. L. Young
----------------------------------
D. L. Young
Controller
CORPORATE SEAL
Attest:
/s/ Irma B. Elliott
----------------------------
Irma B. Elliott
Vice President and Secretary
Name, title and address of officer to whom notices and correspondence
concerning this statement should be addressed:
D. L. Young, Controller
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P. O. BOX 321, Oklahoma City, Oklahoma 73101-0321
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EXHIBIT INDEX
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Exhibit Description
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A. Consolidating Statement of Income and Retained Earnings for the year
ended December 31, 1995, and Consolidating Balance Sheet as of
December 31, 1995, for Oklahoma Gas and Electric Company and its
subsidiary companies.
B. Financial Data Schedule.
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<TABLE>
<CAPTION>
Exhibit A
Oklahoma Gas and Electric Company
Consolidating Statement of Income
12 Months Ended December 31, 1995
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 . . . $1,168,287 $59,413 $16,439 $105,070 $10,319 $6,229 $ 4 $ 9,619 $ 25 $(73,368) $1,302,037
OPERATING EXPENSES:
Fuel . . . . . . . . . 304,775 - - - - - - - - (44,332) 260,443
Purchased power . . . . 216,598 - - - - - - - - - 216,598
Gas purchased for resale - 326 7,405 99,503 - 2,765 (9) 9,890 - (32,587) 87,293
Other operation . . . . 194,234 19,962 4,750 1,790 5,367 2,780 3 715 7 3,642 233,250
Maintenance . . . . . . 55,639 1,309 337 - - 289 - - - - 57,574
Depreciation . . . . . 110,719 13,120 815 1,207 5,085 351 486 352 - - 132,135
Current income taxes . 72,799 9,120 507 702 (4,366) (313) 219 (775) 2 - 77,895
Deferred income taxes, net (2,335) (2,225) 111 (217) 126 406 57 249 - (100) (3,928)
Deferred investment tax
credits, net . . . . . (5,150) - - - - - - - - - (5,150)
Taxes other than income 39,990 3,456 144 30 24 101 1 34 - - 43,780
--------- ------- ------- -------- ------- ------ -------- -------- ----- -------- ----------
Total operating expenses 987,269 45,068 14,069 103,015 6,236 6,379 757 10,465 9 (73,377) 1,099,890
OPERATING INCOME . . . . 181,018 14,345 2,370 2,055 4,083 (150) (753) (846) 16 9 202,147
OTHER INCOME AND DEDUCTIONS:
Interest income . . . . 6,556 2,915 27 103 4 - 17 - - (5,242) 4,380
Other . . . . . . . . . (4,285) 129 102 (215) 15 - 700 - - (26) (3,580)
Income from subsidiaries 12,712 4,720 - - - - - - - (17,432) -
---------- ------- ------- -------- ------- ------ -------- -------- ----- -------- ----------
Net other income and
deductions . . . . . 14,983 7,764 129 (112) 19 - 717 - - (22,700) 800
INTEREST CHARGES:
Interest on long-term debt 63,970 3,177 - - 402 - - - - - 67,549
Allowance for borrowed
funds used during
construction . . . . . (1,224) - - - - - - - - - (1,224)
Other . . . . . . . . . 7,999 5,852 142 1,011 1,307 253 - 45 - (5,243) 11,366
---------- ------- ------- -------- ------- ------ -------- -------- ----- -------- ----------
Total interest charges,
net . . . . . . . . . 70,745 9,029 142 1,011 1,709 253 - 45 - (5,243) 77,691
NET INCOME (LOSS). . . . 125,256 13,080 2,357 932 2,393 (403) (36) (891) 16 (17,448) 125,256
PREFERRED DIVIDEND
REQUIREMENTS . . . . . 2,316 - - - - - - - - - 2,316
--------- ------- ------- -------- ------- ------ -------- -------- ----- -------- ----------
EARNINGS AVAILABLE
FOR COMMON . . . . . . $ 122,940 $13,080 $ 2,357 $ 932 $ 2,393 $ (403) $ (36) $ (891) $ 16 $(17,448) $ 122,940
========= ======= ======= ======== ======= ====== ======== ======== ===== ======== ==========
AVERAGE COMMON SHARES
OUTSTANDING (thousands) 40,356 40,356
EARNINGS PER AVERAGE
COMMON SHARE . . . . . $ 3.05 $ 3.05
</TABLE>
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<TABLE>
<CAPTION>
Exhibit A
Oklahoma Gas and Electric Company
Consolidating Statement of Retained Earnings
12 Months Ended December 31, 1995
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 . . . . . . . . . $ 409,960 $ 5,515 $ (1,135) $ (334) $ 911 $ 66 $ 7 $ 13 $ 580 $ (5,623) $409,960
ADD - net income (loss) . . 125,256 13,080 2,357 932 2,393 (403) (36) (891) 16 (17,448) 125,256
--------- ------- -------- -------- ------ ----- -------- ------- ------ --------- ---------
Total . . . . . . . . . 535,216 18,595 1,222 598 3,304 (337) (29) (878) 596 (23,071) 535,216
DEDUCT:
Cash dividends declared
on preferred stock . . 2,316 - - - - - - - - - 2,316
Cash dividends declared
on common stock . . . . 107,355 12,666 2,197 198 3,171 66 7 - 290 (18,595) 107,355
--------- ------- -------- -------- ------ ----- -------- ------- ------ --------- ---------
Total . . . . . . . . . 109,671 12,666 2,197 198 3,171 66 7 - 290 (18,595) 109,671
--------- ------- -------- -------- ------ ----- -------- ------- ------ --------- ---------
BALANCE AT END OF PERIOD . $ 425,545 $ 5,929 $ (975) $ 400 $ 133 $(403) $ (36)$ (878) $ 306 $ (4,476) $ 425,545
========= ======= ======== ======== ====== ===== ======== ======= ====== ========= =========
</TABLE>
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<TABLE>
<CAPTION>
Exhibit A
Oklahoma Gas and Electric Company
Consolidating Balance Sheet
December 31, 1995
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 . . . . . . $3,523,710 $292,738 $24,805 $ 56 $51,333 $ - $ - $ 6,187 $2,562 $ (2,562) $3,898,829
Construction work in
progress . . . . . . 24,446 4,953 306 - - - - - - - 29,705
---------- -------- ------- -------- ------- ----- -------- ------- ------ --------- ----------
Total property, plant
and equipment . . . . 3,548,156 297,691 25,111 56 51,333 - - 6,187 2,562 (2,562) 3,928,534
Less accumulated
depreciation . . . 1,483,900 87,561 5,060 32 8,451 - - 270 2,249 (2,249) 1,585,274
---------- -------- ------- -------- ------- ----- -------- ------- ------ --------- ---------
Net property, plant and
equipment . . . . . . 2,064,256 210,130 20,051 24 42,882 - - 5,917 313 (313) 2,343,260
OTHER PROPERTY AND
INVESTMENTS, at cost . 128,268 25,491 423 - - - - - - (144,239) 9,943
CURRENT ASSETS:
Cash and cash equivalents 398 225 169 4,658 35 - - - 171 (236) 5,420
Accounts receivable -
customers, less
reserve of $4,205 . . 102,341 57,432 1,523 17,364 1,739 - - 3,201 - (57,327) 126,273
Accrued unbilled revenues 43,550 - - - - - - - - - 43,550
Accounts receivable-other 10,925 821 36 12 - - - - - (2,642) 9,152
Fuel inventories, at
LIFO cost . . . . . . . 59,277 - - 1,335 - - - - - (256) 60,356
Materials and supplies, at
average cost . . . . . 18,856 4,110 30 - - - - - - - 22,996
Prepayments and other . . 3,478 754 12 40 233 - - 18 - - 4,535
Accumulated deferred
tax assets . . . . . . 10,042 447 - 270 - - - - - - 10,759
---------- -------- ------- -------- ------- ----- -------- ------- ----- --------- ----------
Total current assets . 248,867 63,789 1,770 23,679 2,007 - - 3,219 171 (60,461) 283,041
DEFERRED CHARGES:
Advance payments for gas 6,500 - - - - - - - - - 6,500
Income taxes recoverable -
through future rates. . 41,934 - - - - - - - - - 41,934
Other . . . . . . . . . . 55,669 2,192 348 9,647 - - - 2,670 - (333) 70,193
---------- -------- ------- -------- ------- ----- -------- ------- ----- --------- ----------
Total deferred charges 104,103 2,192 348 9,647 - - - 2,670 - (333) 118,627
TOTAL ASSETS . . . . . . .$2,545,494 $301,602 $22,592 $33,350 $44,889 $ - $ - $11,806 $ 484 $(205,346) $2,754,871
========== ======== ======= ======== ======= ===== ======== ======= ===== ========= ==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
Oklahoma Gas and Electric Company
Consolidating Balance Sheet
December 31, 1995
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 . . . . . . . $ 937,535 $115,371 $10,118 $ 402 $12,884 $ - $ - $ 7,027 $ 356 $(146,158) $ 937,535
Cummulative preferred
stock . . . . . . . . . 49,939 - - - - - - - - - 49,939
Long-term debt . . . . . 723,862 120,000 - - - - - - - - 843,862
----------- -------- ------- -------- ------- ---- -------- ------- ----- --------- ----------
Total capitalization . . 1,711,336 235,371 10,118 402 12,884 - - 7,027 356 (146,158) 1,831,336
CURRENT LIABILITIES:
Short-term debt . . . . . 67,600 - - - - - - - - - 67,600
Accounts payable . . . . 55,275 7,716 7,806 31,668 25,975 - - 3,683 68 (60,102) 72,089
Dividends payable . . . . 27,427 - - - - - - - - - 27,427
Customers' deposits . . . 21,919 1 - - - - - - - - 21,920
Accrued taxes . . . . . . 26,557 1,350 32 (4) 2 - - - - - 27,937
Accrued interest . . . . 15,967 3,177 - - - - - - - - 19,144
Long-term debt due
within one year . . . . - - - - - - - - - - -
Accumulated provision for
rate refund . . . . . . 2,650 - - - - - - - - - 2,650
Other . . . . . . . . . . 30,303 1,852 - 1,233 - - - - - - 33,388
---------- -------- ------- -------- ------- ---- -------- ------- ----- --------- ----------
Total current liabilities 247,698 14,096 7,838 32,897 25,977 - - 3,683 68 (60,102) 272,155
DEFERRED CREDITS AND OTHER
LIABILITIES:
Accrued pension and
benefit obligation . . 63,984 3,366 - - - - - - - - 67,350
Accumulated deferred income
taxes . . . . . . . . . 427,178 46,228 4,636 17 6,023 - - 1,096 60 (160) 485,078
Accumulated deferred invest-
ment tax credits . . . 83,178 - - - - - - - - - 83,178
Other . . . . . . . . . . 12,120 2,541 - 34 5 - - - - 1,074 15,774
---------- -------- ------- -------- ------- ---- ------- ------- ----- --------- ----------
Total deferred credits and
other liabilities . . . 586,460 52,135 4,636 51 6,028 - - 1,096 60 914 651,380
TOTAL CAPITALIZATION AND
LIABILITIES . . . . . . . $2,545,494 $301,602 $22,592 $33,350 $44,889 $ - $ - $11,806 $ 484 $(205,346) $2,754,871
========== ======== ======= ======== ======= ==== ======== ======= ===== ========= ==========
</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, 1995 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-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 2,754,871
<TOTAL-OPERATING-REVENUES> 1,302,037
<NET-INCOME> 125,256
</TABLE>
