TULSA, Okla. (AP) - Average customers of Public Service Company of Oklahoma would see a monthly rate increase of about $17 under a proposal from the electric utility.
The company is asking the Oklahoma Corporation Commission for the increase to cover the rising cost of fuel used to produce electricity.
In filings Thursday, the company asked for a 40% increase in what it charges for fuel. The company says it has seen a significant increase in its cost of fuel - especially natural gas.
The company is also giving notice of its plans to ask the Corporation Commission to raise its base rate.
The company says the amount of that base rate increase hasn't been determined but the money is needed because of improvements made to the utility's transmission, distribution and other facilities.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.