OGE Energy Corp.

1
(No Transcript)
2
Todays Discussion

• Share with you about our company and the
  businesses we operate
• Share with you about our interest in Wyomings
  energy infrastructure and in the Cheyenne Plains
  Pipeline Expansion Project
• Share with you our hopes for long-term
  relationships with the Wyoming producer community

3
OGE Energy Corp.
4
OGE Energy Corp.

• Total Assets (EOY 2002) 4.1 billion
• 2002 Revenues 3.0 billion
• 2002 Net Income 91 million
• Credit ratings BBB (SP)
  Baa1 (Moodys)
• NYSE Listing OGE
• Corporate Headquarters Oklahoma City, OK

5
OGE Electric Services

• Regulated utility serving approximately 700,000
  customers in Oklahoma and western Arkansas
• 5,700 MWs power generation facilities
• 3,000 MWs coal-fired generation consuming 10.5
  million tons (177 million MMBtu) of WY-coal in
  2002
• 2,700 MWs natural gas-fired generation

6
Enogex Companies
Enogexs Core Businesses
7
ENOGEX
Bartlesville
OKLAHOMA
ANADARKO BASIN
Tulsa
OZARK
Fayetteville
Muskogee
Jonesboro
Fort Smith
ARKOMA BASIN
Little Rock
Lawton
Hot Springs
TRANSOK
ARKANSAS
TEXAS
Dallas
8
Enogex Companies - Gathering

• Among top 3 gatherers in Oklahoma with additional
  assets in Arkansas Texas.
• Among top 3 processors in Oklahoma
• Average processing throughput 500,000 MMBtud
• Fleet of over 500,000 hp of compression assets

9
Enogex Companies Natural Gas Liquids

• Ethane, propane, iso-butane, n-butane, natural
  gasoline
• Deliverability at tailgate, Mont
  Belvieu, TX, and Conway, KS, and plant sites for
  propane rack sales
• Average 2002 volume just under 1 million NGL
  gallons per day

10
Enogex Companies

• Ozark Gas Transmission is an interstate pipeline
  providing transportation and storage services to
  local distribution companies, power generators,
  and industrial customers in eastern Oklahoma and
  Arkansas.
• Interconnected to NGPL, MRT, and TETCO
• 330,000 Mcfd capacity

11
Enogex Companies - Transportation Storage

• Enogex provides bundled sales, transportation,
  and storage services to directly connected
  on-system markets with peak daily usage of 2
  Bcfd. (1.8 Bcfd to power generation)
• Interconnected to 12 interstate and intrastate
  pipelines in Oklahoma
• 32 Bcf storage with approximately 650,000 Mcfd
  peak deliverability from storage

12
Enogex Companies - Energy Marketing Trading

• OGE Energy Resources, Inc.
• Over 1 Bcfd average physical volume
• Active in all major mid-continent markets
• Executes commodity optimization risk
  management/hedging services for corporate and
  third-party customers
• Operates a full-service 24-hour wholesale power
  trading operation

13
Why are we here?

• We are dedicated to serving the needs of
  producers as evidenced by our long history of
  service to producers in the mid-continent.
• We believe in the strategic importance of the
  Rockies as a critical source of natural gas
  supply.
• We believe that by working with producers, we can
  create value for both producers and our
  shareholders.

14
Why Cheyenne Plains?(60,000 MMBtud FT Capacity)

• This position will allow us to extend
  mid-Continent liquidity to producers in the
  Rockies.
• This position will increase our ability to meet
  the needs of markets in the mid-Continent.
• The Cheyenne Plains pipeline project interfaces
  uniquely with mid-Continent pipeline and storage
  assets and energy markets.

15
Service Offerings to Producers

• Net-back pricing for producers from highly liquid
  mid-continent markets.
• Enhanced liquidity, hedging, and credit offsets
  for producers with positions diversified across
  multiple supply basins.
• Potential gathering, processing, and asset
  management/optimization services in areas
  upstream of Cheyenne Hub.

16
Contact Us

• Contact
• Jim Lindsay, Vice President
• Business Development Marketing
• Phone
• 800-736-8492
• 405-553-6950
• E-mail
• businessdev_at_oge.com
• lindsayjh_at_oge.com
• Mail Address
• P.O. Box 24300 (E454)
• Oklahoma City, OK 73124
• Website
• www.enogex.com

17
(No Transcript)