One facility provides up to $450 million to OGE Energy; the other up to $100 million to the company’s utility subsidiary, Oklahoma Gas and Electric Company (OG&E). Each of the credit lines has a five-year term with two options to extend the term for one year.

The companies plan to use the credit for general corporate purposes, back-up for commercial paper programmes and issuing letters of credit.

OGE Corp is the parent company of OG&E, a regulated electric utility, and of Enogex, a natural