enogex also plans to capture growth opportunities through expansion projects , increased utilization of existing assets and through acquisitions ( including joint ventures ) in and around its footprint and attracting new customers . in addition , enogex is seeking to geographically diversify its gathering , processing and transportation businesses principally by expanding into other areas that are complementary with the company 's capabilities . enogex expects to accomplish this diversification by undertaking organic growth projects and through acquisitions . additionally , the company wants to achieve a premium valuation of its businesses relative to its peers , grow earnings per share with a stable earnings pattern , create a high performance culture and achieve desired outcomes with target stakeholders . 43 the company 's financial objectives include a long-term annual earnings growth rate of five to seven percent on a weather-normalized basis , maintaining a strong credit rating as well as increasing the dividend to meet the company 's dividend payout objectives . the company 's target payout ratio is to pay out dividends no more than 60 percent of its normalized earnings on an annual basis . the target payout ratio has been determined after consideration of numerous factors , including the largely retail composition of the company 's shareholder base , the company 's financial position , the company 's growth targets , the composition of the company 's assets and investment opportunities . the company believes it can accomplish these financial objectives by , among other things , pursuing multiple avenues to build its business , maintaining a diversified asset position , continuing to develop a wide range of skills to succeed with changes in its industries , providing products and services to customers efficiently , managing risks effectively and maintaining strong regulatory and legislative relationships . summary of operating results 2012 compared to 2011 . net income attributable to oge energy was $ 355.0 million , or $ 3.58 per diluted share , in 2012 as compared to $ 342.9 million , or $ 3.45 per diluted share , in 2011 . the increase in net income attributable to oge energy of $ 12.1 million , or 3.5 percent , or $ 0.13 per diluted share , in 2012 as compared to 2011 was primarily due to : an increase in net income at og & e of $ 17.0 million , or 6.5 percent , or $ 0.18 per diluted share of the company 's common stock , primarily due to a higher gross margin and lower income tax expense . the higher gross margin was primarily due to increased recovery of investments and increased transmission revenue partially offset by milder weather in og & e 's service territory . these increases were partially offset by higher other operation and maintenance expense , higher depreciation and amortization expense , lower allowance for equity funds used during construction and higher interest expense ; a decrease in net income at enogex of $ 8.1 million , or 9.9 percent , or $ 0.08 per diluted share of the company 's common stock , primarily due to higher other operation and maintenance expense , higher depreciation and amortization expense , lower other income primarily due to the recognition of a gain related to the sale of the harrah processing plant and the associated wellston and davenport gathering assets in 2011 , higher interest expense and oge energy 's lower membership interest in enogex holdings . these decreases were partially offset by a higher gross margin related to ( i ) increased gathering rates and volumes associated with ongoing expansion projects and increased volumes from gas gathering assets acquired in november 2011 and august 2012 and ( ii ) increased inlet volumes partially offset by lower average natural gas and ngls prices . also having a positive impact on net income was a higher gain on insurance proceeds in 2012 and an impairment related to the atoka processing plant in 2011 ; and an increase in net income at oge energy of $ 3.2 million , or $ 0.03 per diluted share of the company 's common stock , primarily due to higher other income due to a decrease in deferred compensation losses partially offset by higher interest expense and a lower income tax benefit in 2012 . non-recurring items . during 2012 , enogex had an increase in net income of $ 4.6 million due to a gain on insurance proceeds related to the reimbursement of costs incurred to replace the damaged train at the cox city natural gas processing plant partially offset by a decrease in net income of $ 2.1 million related to sales taxes on the assets acquired in the gas gathering acquisitions in august 2012 , as discussed in note 3 of notes to consolidated financial statements , which enogex does not consider to be reflective of its ongoing performance . during 2011 , enogex had an increase in net income of $ 2.3 million relating to the sale of the harrah processing plant and the associated wellston and davenport gathering assets in april 2011 , which enogex does not consider to be reflective of its ongoing performance . 2011 compared to 2010 . net income attributable to oge energy was $ 342.9 million , or $ 3.45 per diluted share , in 2011 as compared to $ 295.3 million , or $ 2.99 per diluted share , in 2010 . included in net income attributable to oge energy in 2010 was a one-time , non-cash charge of $ 11.4 million , or $ 0.11 per diluted share , related to the elimination of the tax deduction for the medicare part d subsidy ( as previously reported in the company 's form 10-q for the quarter ended march 31 , 2011 ) . story_separator_special_tag belvieu ; and a 10 percent change in the average ngls price for the entire year impacts net income approximately $ 5 million ; enogex has assumed operating expenses of approximately $ 325 million to $ 335 million , with operation and maintenance expenses comprising 54 percent of the total ; a pre-tax gain of approximately $ 10 million associated with asset sales in the first quarter of 2013 ; interest expense of approximately $ 30 million to $ 35 million ; an effective tax rate of approximately 38 percent ; and arclight group will own approximately 22 percent of enogex holdings by the end of 2013 . 2014 volume projections for enogex : assumed increase of approximately five to 10 percent in gathered volumes over 2013 ; and assumed increase of approximately 10 to 20 percent in processable * volumes over 2013 . * processable volumes are the natural gas production that are on enogex 's gathering systems that are available to be processed , some of which is moved off of the system and is not processed under one of enogex 's processing agreements . processable volumes include condensate volumes which are captured in the gathering pipeline and therefore not included in plant inlet volumes . ebitda is a supplemental non-gaap financial measure used by external users of the company 's financial statements such as investors , commercial banks and others ; therefore , the company has included the table below which provides a reconciliation of projected ebitda to projected net income attributable to enogex holdings at the midpoint of enogex holdings ' earnings assumptions for 2013 , which does not include the effect of income taxes whereas oge energy 's portion of enogex holdings ' net income included in oge energy 's earnings guidance does reflect the effect of income taxes . enogex holding 's net income shown in the ebitda table does not include the effect of income taxes because enogex holdings is a partnership and is not subject to income taxes . each partner is responsible for paying their own income taxes . for a discussion of the reasons for the use of ebitda , as well as its limitations as an analytical tool , see `` non-gaap financial measure `` below . 48 reconciliation of projected ebitda to projected net income attributable to enogex holdings ( in millions ) twelve months ended december 31 , 2013 ( a ) ( b ) net income attributable to enogex holdings $ 132 add : interest expense , net 33 depreciation and amortization expense ( c ) 123 ebitda $ 288 oge energy 's portion $ 228 ( a ) based on the midpoint of enogex holdings ' earnings guidance for 2013 . ( b ) as of november 1 , 2010 , enogex holdings ' earnings are no longer subject to tax ( other than texas state margin taxes ) and are taxable at the individual partner level . ( c ) includes amortization of certain customer-based intangible assets associated with the acquisition from cordillera in november 2011 , which is included in gross margin for financial reporting purposes . results of operations the following discussion and analysis presents factors that affected the company 's consolidated results of operations for the years ended december 31 , 2012 , 2011 and 2010 and the company 's consolidated financial position at december 31 , 2012 and 2011 . the following information should be read in conjunction with the consolidated financial statements and notes thereto . known trends and contingencies of a material nature are discussed to the extent considered relevant . replace_table_token_9_th in reviewing its consolidated operating results , the company believes that it is appropriate to focus on operating income as reported in its consolidated statements of income as operating income indicates the ongoing profitability of the company excluding the cost of capital and income taxes . operating income ( loss ) by business segment replace_table_token_10_th ( a ) during the third quarter of 2012 , the operations and activities of eer were fully integrated with those of enogex through the creation of a new commodity management organization . the operations of eer , including asset management activities , have been included in the natural gas transportation and storage segment and have been restated for all prior periods presented . ( b ) other operations primarily includes the operations of the holding company and consolidating eliminations . the following operating income analysis by business segment includes intercompany transactions that are eliminated in the consolidated financial statements . 49 og & e ( electric utility ) replace_table_token_11_th ( a ) degree days are calculated as follows : the high and low degrees of a particular day are added together and then averaged . if the calculated average is above 65 degrees , then the difference between the calculated average and 65 is expressed as cooling degree days , with each degree of difference equaling one cooling degree day . if the calculated average is below 65 degrees , then the difference between the calculated average and 65 is expressed as heating degree days , with each degree of difference equaling one heating degree day . the daily calculations are then totaled for the particular reporting period . 50 2012 compared to 2011. og & e 's operating income increased $ 17.1 million , or 3.6 percent , in 2012 as compared to 2011 primarily due to a higher gross margin partially offset by higher other operation and maintenance expense and higher depreciation and amortization expense . gross margin operating revenues were $ 2,141.2 million in 2012 as compared to $ 2,211.5 million in 2011 , a decrease of $ 70.3 million , or 3.2 percent . cost of goods sold was $ 879.1 million in 2012 as compared to $ 1,013.5 million in 2011 , a decrease of $ 134.4 million , or 13.3 percent . gross margin was $ 1,262.1 million in 2012 as compared to $

net cash used in investing activities in 2012 as compared to 2011 was primarily due to lower levels of capital expenditures in 2012 related to the crossroads wind farm at og & e and lower levels of capital expenditures related to gathering and processing expansion projects at enogex . the increase of $ 549.7 million , or 65.0 percent , in net cash used in investing activities in 2011 as compared to 2010 primarily related to higher levels of capital expenditures in 2011 related to various transmission projects and the crossroads wind farm at og & e and gathering and processing expansion projects at enogex . financing activities the decrease of $ 420.5 million , or 74.5 percent , in net cash provided from financing activities in 2012 as compared to 2011 was primarily due to : lower contributions from the arclight group during 2012 as compared to 2011 ; higher borrowings under enogex 's revolving credit agreement during 2011 ; and repayments of enogex 's line of credit during 2012 . these decrease s in net cash provided from financing activities were partially offset by an increase in short-term debt borrowings during 2012 as compared to 2011 . the increase of $ 556.4 million in net cash provided from financing activities in 2011 as compared to 2010 was primarily due to : repayment in 2010 of the remaining balance of enogex llc 's $ 400 million 8.125 % senior notes which matured on january 15 , 2010 ; 63 an increase in short-term debt borrowings in 2011 as compared to 2010 ; contributions from the noncontrolling interest partners in 2011 ; higher borrowings under enogex llc 's revolving credit agreement in 2011 ; and a decrease in repayments of borrowings under enogex llc 's revolving credit agreement in 2011 as compared to 2010 . future capital requirements and financing activities the company 's primary needs for capital are related to acquiring or constructing new facilities and replacing or expanding existing facilities at og & e and enogex . other working capital requirements are expected to be primarily related to maturing debt , operating lease obligations , hedging activities , fuel clause under and over recoveries and other general corporate purposes .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash used in investing activities in 2012 as compared to 2011 was primarily due to lower levels of capital expenditures in 2012 related to the crossroads wind farm at og & e and lower levels of capital expenditures related to gathering and processing expansion projects at enogex . the increase of $ 549.7 million , or 65.0 percent , in net cash used in investing activities in 2011 as compared to 2010 primarily related to higher levels of capital expenditures in 2011 related to various transmission projects and the crossroads wind farm at og & e and gathering and processing expansion projects at enogex . financing activities the decrease of $ 420.5 million , or 74.5 percent , in net cash provided from financing activities in 2012 as compared to 2011 was primarily due to : lower contributions from the arclight group during 2012 as compared to 2011 ; higher borrowings under enogex 's revolving credit agreement during 2011 ; and repayments of enogex 's line of credit during 2012 . these decrease s in net cash provided from financing activities were partially offset by an increase in short-term debt borrowings during 2012 as compared to 2011 . the increase of $ 556.4 million in net cash provided from financing activities in 2011 as compared to 2010 was primarily due to : repayment in 2010 of the remaining balance of enogex llc 's $ 400 million 8.125 % senior notes which matured on january 15 , 2010 ; 63 an increase in short-term debt borrowings in 2011 as compared to 2010 ; contributions from the noncontrolling interest partners in 2011 ; higher borrowings under enogex llc 's revolving credit agreement in 2011 ; and a decrease in repayments of borrowings under enogex llc 's revolving credit agreement in 2011 as compared to 2010 . future capital requirements and financing activities the company 's primary needs for capital are related to acquiring or constructing new facilities and replacing or expanding existing facilities at og & e and enogex . other working capital requirements are expected to be primarily related to maturing debt , operating lease obligations , hedging activities , fuel clause under and over recoveries and other general corporate purposes .
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 Suspicious Activity Report : enogex also plans to capture growth opportunities through expansion projects , increased utilization of existing assets and through acquisitions ( including joint ventures ) in and around its footprint and attracting new customers . in addition , enogex is seeking to geographically diversify its gathering , processing and transportation businesses principally by expanding into other areas that are complementary with the company 's capabilities . enogex expects to accomplish this diversification by undertaking organic growth projects and through acquisitions . additionally , the company wants to achieve a premium valuation of its businesses relative to its peers , grow earnings per share with a stable earnings pattern , create a high performance culture and achieve desired outcomes with target stakeholders . 43 the company 's financial objectives include a long-term annual earnings growth rate of five to seven percent on a weather-normalized basis , maintaining a strong credit rating as well as increasing the dividend to meet the company 's dividend payout objectives . the company 's target payout ratio is to pay out dividends no more than 60 percent of its normalized earnings on an annual basis . the target payout ratio has been determined after consideration of numerous factors , including the largely retail composition of the company 's shareholder base , the company 's financial position , the company 's growth targets , the composition of the company 's assets and investment opportunities . the company believes it can accomplish these financial objectives by , among other things , pursuing multiple avenues to build its business , maintaining a diversified asset position , continuing to develop a wide range of skills to succeed with changes in its industries , providing products and services to customers efficiently , managing risks effectively and maintaining strong regulatory and legislative relationships . summary of operating results 2012 compared to 2011 . net income attributable to oge energy was $ 355.0 million , or $ 3.58 per diluted share , in 2012 as compared to $ 342.9 million , or $ 3.45 per diluted share , in 2011 . the increase in net income attributable to oge energy of $ 12.1 million , or 3.5 percent , or $ 0.13 per diluted share , in 2012 as compared to 2011 was primarily due to : an increase in net income at og & e of $ 17.0 million , or 6.5 percent , or $ 0.18 per diluted share of the company 's common stock , primarily due to a higher gross margin and lower income tax expense . the higher gross margin was primarily due to increased recovery of investments and increased transmission revenue partially offset by milder weather in og & e 's service territory . these increases were partially offset by higher other operation and maintenance expense , higher depreciation and amortization expense , lower allowance for equity funds used during construction and higher interest expense ; a decrease in net income at enogex of $ 8.1 million , or 9.9 percent , or $ 0.08 per diluted share of the company 's common stock , primarily due to higher other operation and maintenance expense , higher depreciation and amortization expense , lower other income primarily due to the recognition of a gain related to the sale of the harrah processing plant and the associated wellston and davenport gathering assets in 2011 , higher interest expense and oge energy 's lower membership interest in enogex holdings . these decreases were partially offset by a higher gross margin related to ( i ) increased gathering rates and volumes associated with ongoing expansion projects and increased volumes from gas gathering assets acquired in november 2011 and august 2012 and ( ii ) increased inlet volumes partially offset by lower average natural gas and ngls prices . also having a positive impact on net income was a higher gain on insurance proceeds in 2012 and an impairment related to the atoka processing plant in 2011 ; and an increase in net income at oge energy of $ 3.2 million , or $ 0.03 per diluted share of the company 's common stock , primarily due to higher other income due to a decrease in deferred compensation losses partially offset by higher interest expense and a lower income tax benefit in 2012 . non-recurring items . during 2012 , enogex had an increase in net income of $ 4.6 million due to a gain on insurance proceeds related to the reimbursement of costs incurred to replace the damaged train at the cox city natural gas processing plant partially offset by a decrease in net income of $ 2.1 million related to sales taxes on the assets acquired in the gas gathering acquisitions in august 2012 , as discussed in note 3 of notes to consolidated financial statements , which enogex does not consider to be reflective of its ongoing performance . during 2011 , enogex had an increase in net income of $ 2.3 million relating to the sale of the harrah processing plant and the associated wellston and davenport gathering assets in april 2011 , which enogex does not consider to be reflective of its ongoing performance . 2011 compared to 2010 . net income attributable to oge energy was $ 342.9 million , or $ 3.45 per diluted share , in 2011 as compared to $ 295.3 million , or $ 2.99 per diluted share , in 2010 . included in net income attributable to oge energy in 2010 was a one-time , non-cash charge of $ 11.4 million , or $ 0.11 per diluted share , related to the elimination of the tax deduction for the medicare part d subsidy ( as previously reported in the company 's form 10-q for the quarter ended march 31 , 2011 ) . story_separator_special_tag belvieu ; and a 10 percent change in the average ngls price for the entire year impacts net income approximately $ 5 million ; enogex has assumed operating expenses of approximately $ 325 million to $ 335 million , with operation and maintenance expenses comprising 54 percent of the total ; a pre-tax gain of approximately $ 10 million associated with asset sales in the first quarter of 2013 ; interest expense of approximately $ 30 million to $ 35 million ; an effective tax rate of approximately 38 percent ; and arclight group will own approximately 22 percent of enogex holdings by the end of 2013 . 2014 volume projections for enogex : assumed increase of approximately five to 10 percent in gathered volumes over 2013 ; and assumed increase of approximately 10 to 20 percent in processable * volumes over 2013 . * processable volumes are the natural gas production that are on enogex 's gathering systems that are available to be processed , some of which is moved off of the system and is not processed under one of enogex 's processing agreements . processable volumes include condensate volumes which are captured in the gathering pipeline and therefore not included in plant inlet volumes . ebitda is a supplemental non-gaap financial measure used by external users of the company 's financial statements such as investors , commercial banks and others ; therefore , the company has included the table below which provides a reconciliation of projected ebitda to projected net income attributable to enogex holdings at the midpoint of enogex holdings ' earnings assumptions for 2013 , which does not include the effect of income taxes whereas oge energy 's portion of enogex holdings ' net income included in oge energy 's earnings guidance does reflect the effect of income taxes . enogex holding 's net income shown in the ebitda table does not include the effect of income taxes because enogex holdings is a partnership and is not subject to income taxes . each partner is responsible for paying their own income taxes . for a discussion of the reasons for the use of ebitda , as well as its limitations as an analytical tool , see `` non-gaap financial measure `` below . 48 reconciliation of projected ebitda to projected net income attributable to enogex holdings ( in millions ) twelve months ended december 31 , 2013 ( a ) ( b ) net income attributable to enogex holdings $ 132 add : interest expense , net 33 depreciation and amortization expense ( c ) 123 ebitda $ 288 oge energy 's portion $ 228 ( a ) based on the midpoint of enogex holdings ' earnings guidance for 2013 . ( b ) as of november 1 , 2010 , enogex holdings ' earnings are no longer subject to tax ( other than texas state margin taxes ) and are taxable at the individual partner level . ( c ) includes amortization of certain customer-based intangible assets associated with the acquisition from cordillera in november 2011 , which is included in gross margin for financial reporting purposes . results of operations the following discussion and analysis presents factors that affected the company 's consolidated results of operations for the years ended december 31 , 2012 , 2011 and 2010 and the company 's consolidated financial position at december 31 , 2012 and 2011 . the following information should be read in conjunction with the consolidated financial statements and notes thereto . known trends and contingencies of a material nature are discussed to the extent considered relevant . replace_table_token_9_th in reviewing its consolidated operating results , the company believes that it is appropriate to focus on operating income as reported in its consolidated statements of income as operating income indicates the ongoing profitability of the company excluding the cost of capital and income taxes . operating income ( loss ) by business segment replace_table_token_10_th ( a ) during the third quarter of 2012 , the operations and activities of eer were fully integrated with those of enogex through the creation of a new commodity management organization . the operations of eer , including asset management activities , have been included in the natural gas transportation and storage segment and have been restated for all prior periods presented . ( b ) other operations primarily includes the operations of the holding company and consolidating eliminations . the following operating income analysis by business segment includes intercompany transactions that are eliminated in the consolidated financial statements . 49 og & e ( electric utility ) replace_table_token_11_th ( a ) degree days are calculated as follows : the high and low degrees of a particular day are added together and then averaged . if the calculated average is above 65 degrees , then the difference between the calculated average and 65 is expressed as cooling degree days , with each degree of difference equaling one cooling degree day . if the calculated average is below 65 degrees , then the difference between the calculated average and 65 is expressed as heating degree days , with each degree of difference equaling one heating degree day . the daily calculations are then totaled for the particular reporting period . 50 2012 compared to 2011. og & e 's operating income increased $ 17.1 million , or 3.6 percent , in 2012 as compared to 2011 primarily due to a higher gross margin partially offset by higher other operation and maintenance expense and higher depreciation and amortization expense . gross margin operating revenues were $ 2,141.2 million in 2012 as compared to $ 2,211.5 million in 2011 , a decrease of $ 70.3 million , or 3.2 percent . cost of goods sold was $ 879.1 million in 2012 as compared to $ 1,013.5 million in 2011 , a decrease of $ 134.4 million , or 13.3 percent . gross margin was $ 1,262.1 million in 2012 as compared to $

