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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: May 20, 1999
Commission file number 1-12579
OGE ENERGY CORP.
(Exact name of registrant as specified in its charter)
Oklahoma 73-1481638
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
321 North Harvey
P. O. Box 321
Oklahoma City, Oklahoma 73101-0321
(Address of principal executive offices)
(Zip Code)
405-553-3000
(Registrant's telephone number, including area code)
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Item 5. Other Events
ENOGEX INC. TO ACQUIRE TRANSOK LLC
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OGE Energy Corp. announced, May 17, 1999, that its subsidiary, Enogex Inc.,
will acquire Transok LLC, a gatherer, processor, and transporter of natural gas
in Oklahoma. The seller is Tejas Energy LLC of Houston, an affiliate of Shell
Oil Company. Tejas had previously announced plans to sell Transok and has
accepted Enogex's offer of $701 million, which includes assumption of $173
million of long-term debt. OGE Energy's board of directors has approved the
acquisition, which is subject to regulatory review under the Hart-Scott-Rodino
Act of 1976. Enogex Inc., a subsidiary of OGE Energy, is a non-regulated natural
gas gathering, processing, transportation, production, and energy services
company with principal pipeline operations in Oklahoma, Arkansas, and Texas. The
transaction will be treated as a purchase for accounting purposes. OGE Energy
does not expect to recognize any goodwill associated with this transaction.
Some of the matters discussed in this Form 8-K may contain forward-looking
statements of OGE Energy that are subject to certain risks, uncertainties, and
assumptions. Actual results may vary materially. Factors that could cause actual
results to differ materially include, but are not limited to: general economic
conditions, including their impact on capital expenditures; business conditions
in the energy industry; competitive factors; unusual weather; regulatory
decisions and other risk factors listed in OGE Energy's Form 10-K for the year
ended December 31, 1998 and other factors described from time to time in OGE
Energy's reports to the Securities and Exchange Commission.
Item 7. (c) Exhibits
EXHIBIT NUMBER DESCRIPTION
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99.01 Press release dated May 17, 1999 announcing Enogex
Inc. will acquire Transok LLC, a gatherer, processor
and transporter of natural gas in Oklahoma.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
OGE ENERGY CORP.
(Registrant)
By /s/ Donald R. Rowlett
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Donald R. Rowlett
Controller Corporate Accounting
(On behalf of the registrant and in his capacity
as Controller Corporate Accounting)
May 20, 1999
EXHIBIT INDEX
EXHIBIT INDEX DESCRIPTION
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99.01 OGE ENERGY'S ENOGEX INC. TO ACQUIRE TRANSOK LLC