Oklahoma Gas & Electric (OG&E)
FERC conditionally accepted Oklahoma Gas and Electric’s proposed formula rate template revisions, as requested, but directed the company to submit a compliance filing within 30 days.
FERC rejected a complaint by three SPP members seeking to overturn the RTO’s decision last year to increase its planning reserve margin from 12% to 15%.
OGE Energy released its fourth-quarter earnings, which showed continued load growth in its footprint in Oklahoma and Arkansas.
FERC partially granted three complaints filed by members against SPP related to its revenue crediting process under Attachment Z2 of its tariff.
OGE has shed 77% of its investment in Enable Midstream Partners for an $813 million return at an average price of $11.09/unit, a 33% premium since December.
The D.C. Circuit backed FERC's reversal of a waiver over SPP transmission upgrade costs, even though it resulted in a “free pass” for some system users.
SPP’s Corporate Governance Committee approved nominations for several open positions on stakeholder groups to go before the Board of Directors.
FERC accepted two previously rejected unexecuted generator interconnection agreements between SPP, OG&E and a pair of wind farms.
More than five hours of presentations and stakeholder discussions over two days did little to resolve SPP’s albatross of Z2 credits.
SPP awarded its first competitively bid transmission project under Order 1000 -- but it may not be built because of declining load forecasts.
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