OG&E Must Issue Refunds

7-15-05 - OKLAHOMA CITY (AP) Oklahoma Gas and Electric is being ordered to refund ten million dollars to its customers.

The state Corporation Commission says it's ordering the refund because OG&E didn't competitively bid a contract it gave to a sister company in 2003.

OG&E awarded a contract to Enogex to transport and store natural gas for OG&E power plants and the commission says OG&E paid nearly 46-point-eight million dollars a year for the contract.

The commission says OG&E likely would have paid just under 42 million if the contract was put out for bids.

Officials say the refund will likely be a credit to the account of the utility company's 735,000 customers but no timetable has been set.