Newspaper article THE JOURNAL RECORD

OG&E to Move Headquarters

Newspaper article THE JOURNAL RECORD

OG&E to Move Headquarters

Article excerpt

Journal Record Staff Reporter Oklahoma Gas and Electric Co. announced plans Wednesday to vacate its home of more than 60 years at 321 N. Harvey Ave. to consolidate, at least temporarily, at the American First Tower, 101 N. Robinson Ave.

Plans for the old building, headquarters for OG&E since the company built it in 1928, were not announced. Company spokesman Dave Raybern said one option under consideration is renovation of the 12-story, 139,000-square-foot structure. Another option is demolition of the old building and construction of a new one, he said.

All that is certain now, Raybern said, is that OG&E will move all of its downtown headquarters operations to American First Tower.

"What we will do from there has not been decided yet," Raybern said.

"The problems we are having with the old building are primarily related to its age. In a 60-year-old building, things break down." OG&E began moving some of its operations to the American First Tower in 1990, and about half of the company's 700 downtown office workers are there now. The other half are expected to be at American First Tower by mid-1992.

The ground floor of the old building will be open for customer service through the end of 1991, then moved nearby to a building owned by OG&E at NW 4th St. and Walker Ave.

"Maintenance and renovation costs while the old building is occupied make the move necessary," according to a statement from James G. Harlow Jr., chairman and president of OG&E.

The company also leases 7,000 square feet at the Central Park office complex at Lincoln Blvd. and Int. Hwy. 44, where it operates its Business Resource Center.

OG&E, with 642,706 customers, is the largest supplier of electricity in Oklahoma. The company's net income for the 12 months ended June 30 was $140 million.

The company announced plans in July 1984 for a $22 million, 16-story addition to be built on the west side of its 12-story headquarters building, but construction never began. …

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