Strong Earnings Performance
Reported consolidated earnings of $1.14 per share, with electric company earnings at $1.20 per share, indicating strong operational performance.
Positive Regulatory Developments
Preapproval request in Oklahoma for building 450 megawatts of natural gas generation expected soon, facilitating further growth.
Customer Bill Reduction
Oklahoma customers will see a decrease in their monthly bill by approximately $6.75 starting November 1, due to a reduction in the fuel cost adjustment.
Economic Development and Job Creation
Celebrated a major expansion project for a plastics manufacturer, adding 4.5 megawatts of load and creating hundreds of jobs in Shawnee, Oklahoma.
Strong Load Growth
Weather-normalized load growth was historically strong at 6.5% through the third quarter, with an expected total retail normalized load growth of approximately 7.5% in 2025.
Solid Financial Position
The company maintains one of the strongest balance sheets in the industry and expects to deliver results in the top half of the 2025 earnings guidance range.