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OGE Energy invests in utility-backed private equity fund

OGE Energy Corp. has joined the strategic partner network of Energy Impact Partners, a private equity firm that funds emerging technologies to improve customer service, reduce costs and increase revenues.

"Joining EIP's network gives us the opportunity to combine forces with global partners working to identify and deploy the best new energy solutions for utility customers. We're hopeful that the partnership will deliver products, technologies and business models that will be well-suited for our customers and that can add value to our utility business," OGE Energy Chairman, President and CEO Sean Trauschke in a June 8 company release.

The collaborative network also includes Southern Co., National Grid plc, Xcel Energy Inc., Avista Corp., Fortis Inc., Ameren Corp., Great Plains Energy Inc., Madison Gas and Electric Co., AGL, TEPCO and PTT Public Co. Ltd.