OKLAHOMA CITY, Dec. 19, 2016 /PRNewswire/ -- Oklahoma Gas and Electric, a subsidiary of OGE Energy Corp. (NYSE: OGE) has paid businesses of all sizes more than $7.5 million in energy-saving incentives so far in 2016. That figure reflects 750 projects among large commercial and industrial facilities, schools and government buildings, and small businesses. Combined energy savings was more than 80 million kWh.
Cash-strapped secondary schools in Oklahoma have received nearly $650,000 in incentive rebates, while universities have received approximately $365,000. OG&E gave nearly $90,000 to one single district – Moore Public Schools – in 2016, for projects that also saved the district more than 1 million kWh. In addition, the SmartHours for Schools program has saved schools in Oklahoma more than $2.2 million since it began in 2012.
"Moore Public Schools is grateful for the financial incentive provided by OG&E used to offset the cost of new energy efficient products within many of our schools," said Dr. Robert Romines, Superintendent. "The incentive not only provides immediate financial reward, but the future energy savings will be valuable for many years."
"The incentive checks are a fantastic bonus for schools that are already trying to shave costs where they can," said Ken Grant, OG&E Vice President, Sales & Marketing. "In addition to that, their electricity bills will go down due to the energy savings they achieved with the projects. Then, if they're enrolled in SmartHours for Schools, they save even more."
A subsidiary of Oklahoma City-based OGE Energy Corp., OG&E serves approximately 832,000 customers in a service area spanning 30,000 square miles in Oklahoma and western Arkansas. With about 6,800 megawatts of capacity, OG&E generates electricity using low-sulfur coal, natural gas, wind and solar.
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SOURCE OGE Energy Corp.