OGE Energy Corp

Good day and thank you for standing by. Welcome to the OGE Energy Corp 2025 Second Quarter Earnings and Business Update Call. At this time, all participants are listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask the question during the session, you will need to press star 1-1 on your telephone. You will then hear automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference has been recorded. I would like to hand the conference over to your first speaker today, Jason Bailey, Director of Investor Relations. Please go ahead.

Thank you, Marvin, and good morning everyone and welcome to our call. With me today is Sean Trotsky, our Chairman, President, and CEO, and Chuck Walworth, our CFO and Treasurer. In terms of the call today, we will first hear from Sean, followed by an explanation from Chuck of financial results, and finally, as always, we will answer your questions. I'd like to remind you that this conference is being webcast and you may follow along at oge.com. In addition, the conference call and accompanying slides will be archived following the call on that same website. Before we begin the presentation, I'd like to direct your attention to the safe harbor statement regarding forward looking statements. This is an SEC requirement for financial statements and simply states that we cannot guarantee forward looking financial results, but this is our best estimate to date. I will now turn the call over to Sean for his opening remarks. Sean.

Thank you, Jason, and good morning everyone. Thank you for joining us today. It's certainly great to be with you. Our service area is continuing to grow and I couldn't be more excited about this growth we're experiencing. Here in Oklahoma City, we've truly entered the global stage. Our Thunder secured their first NBA championship and more than half a million people descended on downtown to help celebrate during the championship parade, but that's not all. In 2028, we will host the softball and canoe slalom events as part of the Los Angeles Olympics and as we celebrate these milestones, it's important to stay focused on our goals for the year and the years ahead. So here we are halfway through the year and we've achieved a lot and we're confident in our plans for the year and expect to deliver in the top half of our earnings guidance range. This morning, we reported consolidated earnings of 53 cents per diluted share with the holding company flat for the quarter. We built a strong foundation for future growth and remain committed to providing safe, reliable, and affordable service to our customers. The second quarter usually includes severe weather in our service area and I'm happy to report the system performed well and impacts on our customers were minimal as a result of our investment and outstanding team. I'm very proud of our people and the work they do every day. This month, the weather is heating up and as always, our system will be prepared. Moving on to customer growth and demand, our service area is poised for continued growth across all customer segments. Additional generation projects under construction are all on time and all on budget. Our growth and performance continues to excel, providing three future opportunities, new generation capacity, transmission, and large loads that I'm happy to update you on. To address the growing customer demand, we're adding approximately 550 megawatts of capacity today. This includes the new natural gas combustion turbines at Tinker as well as construction of new natural gas combustion turbines at Horseshoe Lake units 11 and 12 and we expect these units all to be operational within the next year. We've also filed for approval of two more natural gas combustion turbines again at Horseshoe Lake units 13 and 14 which would add approximately 450 megawatts to our generation capacity in 2029. We're not finished. We'll continue to explore options to meet our generation needs and I expect we will continue to add generation at the same pace for the next few years. On the transmission side, next month we will accept an NTC for a line from Fort Smith, Arkansas to Muskogee which will help address reliability in the Fort Smith area and Chuck will tell you more about that in just a moment. And data centers continue to have an interest in our service area. Negotiations and conversations continue to progress and our load projections are solid even without the data centers. So any data centers that we're adding we add to our service area will certainly be accretive to our business. In preparation for these opportunities, we supported the passage of legislation that would help minimize customer impact, specifically CWIP for the first time. Turning to economic development, the Oklahoma Department of Commerce announced the 2025 Oklahoma Innovation Expansion Program which includes 83 companies in our service area. This program supports high impact new capital investment across a broad range of industries to help diversify the state's economy, lead to new product development, or increase capacity at the state's economy. In addition to encouraging new capital investment, these awards support existing jobs and the creation of new jobs. And this is just another example of the growth opportunities in our service area. We continue to see diversified growth including tribal and defense sectors. In late February, Ocana, a 400 million resort and water park opened along the developing Oklahoma River in Oklahoma City and their traffic this summer has really taken off. Tinker Air Force Base announced the purchase of 131 acres of land adjacent to the base, allowing for future expansion including more than a thousand new jobs. Additionally, we see retail and restaurant chains expand in our service area including Bass Pro Shops and Fort Smith which is set to open early next year. And then just last month, conceptual designs for the new 900 million Thunder Arena were shared with the arena set to open in the summer of 28. Our economies remain strong with unemployment in Oklahoma and Arkansas continuing to outpace the national average. For the 46th straight month, Oklahoma City unemployment rate is below 4%. The city also had the lowest unemployment rate in the nation for April and May. And U.S. News and World Report just named Oklahoma City the number one best big city to live in in the U.S. underscoring the Metro's national rise as a destination for both opportunity and quality of life. As I close my remarks and prepare to hand it over to Chuck, I hope you hear how excited we are about the future and our confidence in delivering on our commitments and we are on track to delivering the top half of our guidance range. So as we close the books on another successful quarter, our strategic initiatives, our sustainable business model, position us well to achieve our goals and to continue to grow the company and provide excellent service to our customers. So thank you. I'll turn it over to Chuck.