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Fly News Breaks for December 28, 2015
OGE
Dec 28, 2015 | 06:46 EDT
Jefferies analyst Anthony Crowdell points out that the Oklahoma Corporation Commission last week denied OGE Energy's Motion for Modification in its Environmental Compliance Plan case. Should the company decide not to put scrubbers on its Sooner plant, an alternative would be to convert the plant to natural gas, the analyst tells investors in a research note. He estimates the net effect of converting Sooner to gas-fired instead of scrubbing is $425M less in rate base. Crowdell keeps a Hold rating on OGE Energy with a $29 price target.
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