Today’s Discussion • Share with you about our company and the businesses we operate • Share with you about our interest in Wyoming’s energy infrastructure and in the Cheyenne Plains Pipeline Expansion Project • Share with you our hopes for long-term relationships with the Wyoming producer community OGE Energy Corp. OGE Energy Corp. Enogex Inc. OG&E Electric Services OGE Energy Resources, Inc. Ozark Gas Transmission (majority owned) OGE Energy Corp. • Total Assets (EOY 2002) $4.1 billion • 2002 Revenues $3.0 billion • 2002 Net Income $91 million • Credit ratings BBB+ (S&P) Baa1 (Moody’s) • NYSE Listing OGE • Corporate Headquarters Oklahoma City, OK OG&E Electric Services • Regulated utility serving approximately 700,000 customers in Oklahoma and western Arkansas • 5,700 MW’s power generation facilities ~3,000 MW’s coal-fired generation consuming 10.5 million tons (177 million MMBtu) of WYcoal in 2002 ~2,700 MW’s natural gas-fired generation Enogex Companies Enogex’s Core Businesses Enogex Companies Gathering & Processing Transportation & Storage Natural Gas Liquids Energy Marketing & Trading ENOGEX OKLAHOMA ANADARKO BASIN Bartlesville Tulsa Muskogee Fayetteville OZARK Jonesboro Fort Smith ARKOMA BASIN Lawton Hot Springs Little Rock TRANSOK ARKANSAS Dallas TEXAS LEGEND Leased Capacity Transok System Enogex System Ozark System OG&E Service Area OG&E Power Plants Enogex Companies Gathering • Among top 3 gatherers in Oklahoma with additional assets in Arkansas & Texas. • Among top 3 processors in Oklahoma • Average processing throughput ~500,000 MMBtud • Fleet of over 500,000 hp of compression assets Enogex Companies – Natural Gas Liquids • Ethane, propane, iso-butane, nbutane, natural gasoline • Deliverability at tailgate, Mont Belvieu, TX, and Conway, KS, and plant sites for propane rack sales • Average 2002 volume just under 1 million NGL gallons per day Enogex Companies • Ozark Gas Transmission is an interstate pipeline providing transportation and storage services to local distribution companies, power generators, and industrial customers in eastern Oklahoma and Arkansas. Interconnected to NGPL, MRT, and TETCO 330,000 Mcfd capacity Enogex Companies Transportation & Storage • Enogex provides bundled sales, transportation, and storage services to directly connected on-system markets with peak daily usage of ~2 Bcfd. (~1.8 Bcfd to power generation) Interconnected to 12 interstate and intrastate pipelines in Oklahoma ~32 Bcf storage with approximately 650,000 Mcfd peak deliverability from storage Enogex Companies Energy Marketing & Trading • OGE Energy Resources, Inc. • Over 1 Bcfd average physical volume • Active in all major mid-continent markets • Executes commodity optimization & risk management/hedging services for corporate and third-party customers • Operates a full-service 24-hour wholesale power trading operation Why are we here? • We are dedicated to serving the needs of producers as evidenced by our long history of service to producers in the midcontinent. • We believe in the strategic importance of the Rockies as a critical source of natural gas supply. • We believe that by working with producers, we can create value for both producers and our shareholders. Why Cheyenne Plains? (60,000 MMBtud FT Capacity) • This position will allow us to extend midContinent liquidity to producers in the Rockies. • This position will increase our ability to meet the needs of markets in the midContinent. • The Cheyenne Plains pipeline project interfaces uniquely with mid-Continent pipeline and storage assets and energy markets. Service Offerings to Producers • Net-back pricing for producers from highly liquid mid-continent markets. • Enhanced liquidity, hedging, and credit offsets for producers with positions diversified across multiple supply basins. • Potential gathering, processing, and asset management/optimization services in areas upstream of Cheyenne Hub. Contact Us • Contact: Jim Lindsay, Vice President Business Development & Marketing • Phone: 800-736-8492 405-553-6950 • E-mail: businessdev@oge.com lindsayjh@oge.com • Mail Address: P.O. Box 24300 (E454) Oklahoma City, OK 73124 • Website: www.enogex.com