OGE Energy Corp

Good day and thank you for standing by. Welcome to the OGE Energy Corp 2026 Third Quarter Earnings and Business Update Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your speaker for today, Casey Strange, Investor Relations, Senior Management. Please go ahead.

Thank you, Lisa, and good morning, everyone, and welcome to our call. With me today, I have Sean Trauschke, our Chairman, President, and CEO, and Chuck Walworth, our CFO. 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 would 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 would 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, Casey. Good morning, everyone. Thank you for joining us today. This morning, we reported consolidated earnings of $1.52 per share. And before Chuck provides more detail on our third quarter results, I'll highlight the team's outstanding performance during an unusually hot summer and outline the key milestones we anticipate over the coming quarters. This summer underscored the importance of a reliable, resilient electric grid. Our service area experienced more than 45 days of triple-digit temperatures compared with just one last year. Through the prolonged heat, our system performed exceptionally well and our team safely delivered the power customers depend on. For context, We hit a new peak load four times this summer, with 15 days exceeding our 2024 peak record. But at no time were there calls for the public to conserve energy. Our system's just built to withstand these extremes. A note that's important. While our residential price per kilowatt hour was actually 7% lower in August and September than a year ago, extended air conditioning use drove higher electricity consumption. Weather impacts tend to balance out over time, and this summer's elevated cooling demand followed several quarters of milder temperatures and lower weather driven usage. Our reliability focus shapes the Oklahoma rate review. This is our first since December of 2023. The filing reflects investments to strengthen our system, support growth and meet evolving requirements while expanding assistance and payment flexibility for our customers. The review includes following expanded assistance and payment options to help customers manage their bills. We are expanding both the Senior Discount and Low Income Assistance program. We are launching an innovative pilot program to help customers with past due balances get back on track with payments. And we're offering new Choose My Due Date prepayment options that give customers more flexibility to manage their household budgets. As the regulatory process moves forward, we remain focused on balancing reliability and affordability and considering the impacts of inflation and interest rates and creating long-term value for customers and shareholders. Looking ahead, we're advancing additional generation resources to serve growing demand and maintain reliability. We filed yesterday with the Oklahoma Corporation Commission seeking pre-approval to construct a new 755 megawatt combined cycle plant at our Horseshoe Lake site. And we'll file in the coming weeks with the Arkansas Public Service Commission. We're finalizing evaluations and negotiations from our competitive request for proposals and expect to submit projects to both commissions as agreements are completed. We remain committed to delivering capacity customers need responsibly and cost-effectively, and we anticipate submitting additional pre-approval filings before year-end. Meanwhile, that broader generation strategy is taking shape. Horseshoe Lake units 11 and 12 were completed ahead of schedule and 12 million under budget. Bringing the units online early allowed us to avoid up to 16 million in capacity purchase this winter. These units add approximately 448 megawatts of flexible generation capacity, bringing the total additions this year to 544 megawatts. Units 13 and 14 are under construction and will add another 440 megawatts and the Horseshoe Lake projects build on more than a 100-year legacy at that site while supporting reliable, efficient generation for the future. As we build and invest in our system, we are also strengthening support for our communities. We refreshed our lend-to-hand bill assistance program with a broader network of trusted nonprofit partners and a financial commitment from the OGE Energy Corporation Foundation to match customer donations. and we'll continue to support our vulnerable customers and assist communities as we deliver reliable electricity at low cost for everyone. As we move forward, we'll continue our disciplined approach to securing generation resources needed to serve growing demand, advancing projects through the regulatory process and delivering investments that maintain our competitive low rate advantage. Our progress today positions us for several milestones over the coming quarters. On our fourth quarter earnings call, we will provide an update on the SPP notices to construct that we accept. On the first quarter call, we will provide an update on the Oklahoma Rate Review and the Horseshoe Lake 15 pre-approval case. And then on our second quarter call, we'll provide an update on the regulatory approval for the additional generation filings we're making it this year. Together, these regulatory generation and community initiatives positioned the company for long-term success while preserving the reliable, low-cost service our customers enjoy. In doing so, they established the foundation for the investments needed to meet growing demand across our service area. So with that, thank you, and I'll turn the call over to Chuck. Chuck?