Rising fuel costs leads to increasing electric bills for Oklahomans
Save Email Print
Bookmark and Share
Updated: 11:43 PM Jun 24, 2008
Rising fuel costs leads to increasing electric bills for Oklahomans
ARDMORE- Oklahoma Gas and Electric customers should expect to see an average increase of about $15 per month beginning on their July bills to pay for higher fuel prices. Robin Beal has the story.
Posted: 1:01 PM Jun 24, 2008
Reporter: Robin Beal
Email Address: robin.beal@kxii.com
width:200 and height: 120 and picwidth: 200 and pciheight: 120
Font Size:

ARDMORE, Okla. - Oklahoma Gas and Electric customers should expect to see an average increase of about $15 per month beginning on their July bills to pay for higher fuel prices.

The state's largest utility announced yesterday the increase will begin on July 1st.

The utility said it needs an additional $30 per month from customers to keep pace with rising costs, but has opted to defer half of this increase until fall when most people use less electricity and overall power bills are lower.

OG&E spokesman Gene Fryer says the increase is the result of rising costs of natural gas and other fuels used to generate electricity.

"The price that we were paying per unit of natural gas was about $7. We presently are paying $11.50."

By law, the utility recovers only the actual costs of the fuels it uses, and the increase does not require approval by the Oklahoma Corporation Commission.

"This is a pass-through charge that OG&E has that is approved by the corporation commission of the state of Oklahoma. There is no profit or money made on the fuel adjustment charge, it's strictly a pass-through. What we pay for fuel is passed on to our customers," Fryer said.

Public Service Company of Oklahoma, a Tulsa-based utility, already has implemented its fuel-cost adjustment.

That $15 charge will appear on the July billing cycle.

OG&E serves almost 800,000 retail customers in Oklahoma and western Arkansas.


KXII Twitterfeed (@KXIITV)
    In The Community
    Trendy Tuesday: It's all about cupcakes

    Last Updated: 10:04 PM 02/07/12 - It's Trendy Tuesday and it's all about cupcakes. (Full Story)
    Severe storm program coming to Grayson Co.
    Last Updated: 3:11 PM 02/06/12 - DENISON, TX - As part of its area-wide weather preparedness campaign, the National Weather Service in Fort Worth will answer these and many other questions at the SKYWARN severe weather program on Thursday, February 16th, at the Grayson County College. (Full Story)
    Dot Foods to host job fair in Ardmore
    Last Updated: 3:12 PM 02/06/12 - ARDMORE, Okla. — Dot Foods will conduct a job fair Saturday, February 11, with hopes to fill 50 full- and part-time positions. The job fair will be held at the Ardmore distribution center located at 3411 Cypert Way in Ardmore, Okla. from 10:00 a.m. until 2:00 p.m. (Full Story)
    New Meals on Wheels Executive Director
    Last Updated: 6:24 PM 02/03/12 - SHERMAN, TX-- Meals on Wheels serves 36,000 meals to senior citizens in Fannin, Grayson and Cooke Counties in one month. And now they've got a new leader at the helm. (Full Story)
    Meeting to Address Medicare Concerns

    Last Updated: 8:37 AM 02/03/12 - There are two big meetings coming up for Texoma seniors and their families. (Full Story)
    More Headlines