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Published on 12/18/2008 in the Prospect News Investment Grade Daily.

S&P affirms OGE Energy

Standard & Poor's said it changed the outlook on OGE Energy Corp. and subsidiary Oklahoma Gas & Electric Co. to stable from positive.

Ratings on subsidiary Enogex Inc. were removed from CreditWatch with negative implications.

The outlook on Enogex is stable.

"This action is based on the diminished likelihood of the successful completion of the planned formation of a new midstream natural gas partnership with Energy Transfer Partners LP," S&P analyst Barbara A. Eiseman said in a statement.


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