Several of these initiatives undertaken this past year help position us to deliver our long-term earnings growth target, and I will spend some time talking about them. The brevity of my 2011 review today does not reflect a lack of accomplishment or appreciation for the excellent work by our members in 2011 or rather the forward-looking nature of this call. As always, the commodity cycle moves through its paces and the operating environment continually changes around us. Some favorable some not. Requiring us to shift our tactics but not our long-term strategy. I am confident in this management team’s ability to manage our well-positioned portfolio of businesses to continue to produce earnings growth and value for shareholders.At the utility, an important open items remains the rate case filed last summer. The hearings are complete and we are awaiting ALJ recommendation which we hope will be available in the coming days. As you know we requested a rate increase of $73 million predicated on by plant investment and operating expenses to maintain a high reliability and service standards our customers currently enjoy. The commission staff, attorney general’s office and others recommend a rate decrease. While the ALJ recommendation is not binding on the Oklahoma commissioners, we believe it does influence their decision making. An order is expected in March.
OGE Energy's CEO Discusses Q4 2011 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.