OGE Energy's healthy, predictable community growth and strong operational execution deliver strong shareholder returns

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OKLAHOMA City, Might 19, 2022 /PRNewswire/ — OGE Electrical power Corp. (NYSE: OGE) practically held its 2022 Yearly Meeting of Shareholders right now, electing its board of directors and using motion on a amount of products.

Chairman, President and CEO Sean Trauschke started the assembly by thanking the company’s workforce for their commitment to energize lifetime as they offer daily life-sustaining and existence-enhancing goods and companies, strengthening our communities and generating a distinction by means of volunteerism and devotion to security.

“I am grateful for our amazing employees whose robust execution led to a solid year, particularly following the headwinds soon after Winter season Storm Uri,” Trauschke stated. “In February, OG&E celebrated the 120th anniversary of its development, and as we reflect on our background, we know our accomplishment currently is designed on the basis laid by those who came just before us.”

Trauschke also reviewed the company’s emphasis on residing safely in each factor of its business enterprise. 2021 was OG&E’s next safest year on document, producing the past 6 decades the most secure in the firm’s record. He identified the close of the Empower – Energy Transfer merger, the firm’s recognition as a 2022 Business Winner by Escalent, and key initiatives for the foreseeable future like technological innovation investments and shareholder benefit generation.

In voting declared at the conference, OGE Energy shareholders:

Elected 9 users of the company’s board of administrators to one particular-yr conditions as follows:

Judy R. McReynolds, guide director, chairman, president and main executive officer of ArcBest Company.
Frank A. Bozich, president and main government officer at Trinseo.
Peter D. Clarke, former of-counsel and companion of Jones Working day, a law business.
David L. Hauser, former chairman and chief government officer of FairPoint Communications Inc.
Luther C. Kissam, IV, husband or wife with Bernhard Capital Associates.
David E. Rainbolt, government chairman of BancFirst Corporation.
J. Michael Sanner, former audit spouse of Ernst & Younger LLP, was re-elected.
Sheila G. Talton, president and main govt officer of Grey Subject Analytics.
Sean Trauschke, current chairman, president and main govt officer of OGE Power Corp. and OG&E.

Ratified the appointment of Ernst & Youthful LLP as the company’s principal impartial accountants for 2022.
Permitted, on an advisory foundation, the payment paid to named govt officers.
Did not approve an amendment of the Restated Certificate of Incorporation to get rid of supermajority voting provisions, as it received less than 80% of the excellent shares of the Company’s common inventory required for passage.
Accredited the 2022 Inventory Incentive Prepare.
The shareholder proposal concerning modification of the supermajority voting provisions gained 58.5% of the votes solid, but much less than the 80% of the exceptional votes expected to implement the variations.

Quarterly Dividend Declared

The OGE Electricity board of administrators also declared a third quarter dividend of $.41 per common share of inventory, to be paid out July 29, 2022, to shareholders of record July 11, 2022. The dividend was unchanged from the preceding quarter.

About OGE Strength Corp.

OGE Vitality Corp. is the mum or dad enterprise of OG&E, a regulated electrical utility with roughly 882,000 customers in Oklahoma and western Arkansas. In addition, as a final result of the merger involving Empower Midstream and Strength Transfer LP, OGE Strength Corp. owned approximately two percent of Power Transfer’s restricted partnership units at the conclude of April 2022. Vitality Transfer is a publicly traded confined partnership with main functions that consist of complementary pure fuel midstream, intrastate and interstate transportation and storage assets crude oil, NGL and refined item transportation and terminalling property and NGL fractionation.

This information release may well incorporate “ahead-looking” statements. Forward-wanting statements are supposed to be identified by phrases such as “anticipate,” “feel,” “intend,” “program,” “expect,” “continued,” “objective,” “might” or very similar expressions. Aspects that could influence actual benefits are outlined in the experiences submitted by the Corporation with the Securities and Trade Fee which includes individuals mentioned in Danger Aspects in the Company’s Form 10-K for the year ended December 31, 2021.

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