OG&E has announced an agreement to power three new Google data centers in Muskogee and Stillwater, Oklahoma. This landmark deal requires Google to cover 100% of connection costs, contracted energy costs, and contribute to power generation, including capacity from two solar facilities. This arrangement is set to protect existing OG&E customers from increased costs, establishing a new model for data center partnerships.
OGE Energy Corp. reported Q1 2026 earnings of $0.24 per share and remains confident in its financial outlook. The company is strategically partnering with Google to power its data centers in Oklahoma, with Google covering connection costs and fair share for power. OGE is also expanding its generation capacity with new power plants and energy storage projects, while actively engaged in regulatory processes for future growth.
Wells Fargo has upgraded OGE Energy (OGE) from Underweight to Equal Weight and increased its price target from $42 to $47. The electric utility company provides service to approximately 896,000 customers in Oklahoma and western Arkansas. This upgrade reflects a more positive outlook on the company's stock performance.
