The Journal Record Business Briefs: October 29, 2010

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The Journal Record Business Briefs: October 29, 2010


Report, Journal Record, THE JOURNAL RECORD


Sechrist elected College Board head

Paul Sechrist, president of Oklahoma City Community College, has been elected chairman of the College Board's board of trustees.

"At a time when America is increasing its focus on community colleges, it is noteworthy that the College Board, a membership association made up of more than 5,700 of the nation's leading educational institutions, would elect a community college president as the chair of its board of trustees," said Gaston Caperton, College Board president. "Only once before in its 110-year history has the College Board turned to a community college leader as chair."

Sechrist has been active in the College Board since 1996. He has served as vice chairman since October 2008.

Nearly half of all undergraduates are enrolled in a community college and these schools have higher rates of minority, first- generation and low-income students than four-year universities.

"If the United States is to achieve its goals, both in terms of excellence and equity, community colleges must play a central role in the development and implementation of national education solutions," said Caperton.

Sechrist has been in education for more than 30 years and holds a doctorate from the University of Oklahoma.

Oklahoma City Community College enrolls more than 22,000 students annually and offers 77 certificate and associate degree programs.

OGE Energy earnings increase

OGE Energy Corp. on Friday reported net income for the third quarter of $163.1 million, or $1.65 per diluted share, up from $136.8 million, or $1.40 per diluted share, for the third quarter of 2009.

Revenue for the quarter totaled $1.1 billion, up from $845.3 million a year earlier.

OG&E, a regulated electric utility, contributed earnings of $142 million, or $1.43 per share, in the third quarter, compared with $123 million, or $1.26 per share, in the third quarter last year. OG&E serves 782,000 customers in Oklahoma and western Arkansas.

Enogex, a midstream natural gas pipeline business, contributed earnings of $24 million, or 24 cents per share, compared with earnings of $18 million, or 18 cents per share, a year earlier.

"The utility clearly benefited from the hot summer, which resulted in record demands on our electric system," said Pete Delaney, OGE Energy chairman, president and CEO. "At Enogex, we continue to experience strong growth. Processed volumes reached record levels for the third consecutive quarter."

For the first nine months of 2010, Oklahoma City-based OGE Energy reported net income of $264.6 million, or $2.68 per diluted share, up from $224.1 million, or $2.31 per diluted share, for the first nine months of 2009.

Revenue for the first nine months of the year totaled $2.9 billion, up from $2.1 billion a year earlier.

OSU-OKC president dies

Jerry D. Carroll, 70, president of Oklahoma State University- Oklahoma City, died Friday at his home in Oklahoma City.

He had battled cancer for over a year.

Carroll worked in higher education in Oklahoma for nearly 40 years. He earned his bachelor's degree and a master's degree of counseling at Northeastern Oklahoma State University and his doctorate of education from Oklahoma State University.

He began his career in 1970 at Tulsa Community College and was provost from 1990 to 1992. Carroll served as president of Northeastern A&M College in Miami from 1992 to1997. He had been president of OSU-Oklahoma City since 1997.

Carroll is survived by his wife, Jan, two adult children, Justin and Jayme, their spouses, and two grandchildren.

Oklahoma City University names interim business dean

Steven C. Agee will serve as interim dean of Oklahoma City University's Meinders School of Business.

Dean Vince Orza recently announced his resignation.

"Dr. Agee brings a wealth of business, academic and research experience to the Meinders School of Business and I appreciate his expertise and service during this critical time," said OCU President Robert Henry. …

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