OG&E, a regulated electric utility, contributed second-quarter net income of $0.58 per diluted share, compared with $0.33 per share in the same period last year. Enogex, a midstream natural gas pipeline business, recorded net income of $0.16 per diluted share, compared with $0.33 per share in the year-ago quarter. The holding company, including results from the OGE Energy Resources marketing business, posted a loss of $0.02 per diluted share in the second quarter this year, compared with a loss of $0.04 per share in the second quarter a year ago.

"We are pleased to report that we are successfully managing our business in a challenging economy," said Pete Delaney, OGE Energy chairman, president and CEO. "We have achieved positive regulatory outcomes, including the rate relief we need to continue investing in our system and to begin implementing our smart grid program. We also are looking forward to future opportunities to add new transmission and renewable generation."

Discussion of Second Quarter 2009

OGE Energy reported consolidated gross margin on revenues of $320 million in the second quarter of 2009, compared with $314 million in the same period a year ago. Operating income was $126 million in the second quarter, compared with $123 million in the year-earlier quarter.

OG&E reported gross margin on revenues of $237 million in the second quarter of 2009, compared with $208 million in the second quarter of 2008, primarily due to regulatory recovery for the Redbud power plant, warmer weather in the OG&E service area and higher electric rates in Arkansas. Improved results for OG&E in the second quarter of 2009 also reflect the absence of two one-time write- downs in 2008. Net income at OG&E was $56 million in the second quarter, compared with $31 million in the same period a year ago.

Enogex reported gross margin on revenues of $84 million in the second quarter of 2009, compared with $112 million in the comparable quarter last year. The decrease was due primarily to lower commodity prices. Net income at Enogex was $16 million in the second quarter this year, compared with $31 million in the second quarter of 2008.

2009 Outlook

OGE Energy has reaffirmed its 2009 consolidated earnings guidance at $2.30 - $2.60 per diluted share. The guidance assumes approximately 96 million to 97 million average diluted shares outstanding and normal weather for the remainder of the year.

The 2009 guidance includes:

-- OG&E: $1.83 to $1.98 per share on net income of $177 million to $191

million.

-- Enogex: $0.53 to $0.70 per share on net income of $51 million to $68

million.

-- Holding company (including the marketing business): a loss of $0.05 to

$0.10 per share on a net loss of $5 million to $10 million.

More information regarding the Company's 2009 earnings guidance and second-quarter financial results is contained in the Company's Form 10-Q filed today with the Securities and Exchange Commission.

Conference Call Webcast

OGE Energy will host a conference call for discussion of the results and 2009 outlook on Wednesday, Aug. 5, at 8 a.m. CDT. The conference will be available through www.oge.com.

OGE Energy is the parent company of Oklahoma Gas and Electric Company (OG&E), which serves approximately 773,000 customers in a service territory spanning 30,000 square miles in Oklahoma and western Arkansas, and of Enogex LLC, a midstream natural gas pipeline business with principal operations in Oklahoma.

Some of the matters discussed in this news release may contain forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements are intended to be identified in this document by the words "anticipate", "believe", "estimate", "expect", "intend", "objective", "plan", "possible", "potential", "project" and similar expressions. Actual results may vary materially.