S&P ups OGE outlook to positive

Standard & Poor's said it changed the outlook on OGE Energy Corp. and utility subsidiary Oklahoma Gas & Electric Co. to positive from stable following the announcement that OGE will form a midstream natural gas partnership with Energy Transfer Partners LP.

In addition, the agency said it affirmed the ratings on OGE, including the BBB+ corporate credit ratings.

The BBB+ ratings on the company's natural gas pipeline subsidiary Enogex Inc., which will become a part of the joint venture, remain on Creditwatch with negative implications, the agency added.

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