OKLAHOMA CITY (AP) - The Oklahoma Corporation Commission plans to consider a $48 million rate hike for Oklahoma Gas & Electric Co.
The three-member commission meets Wednesday to consider a proposed agreement between OG&E, Attorney General Drew Edmondson's office, the commission's staff and intervening parties.
The utility's parent company, OGE Energy Corp., says the rate hike would result in a monthly increase of about $6 for the average residential customer. That would be offset by a reduction in monthly fuel costs resulting from lower natural gas prices.
OG&E, the state's largest utility, had requested a rate hike of a little more than $110 million. That would have raised average electric rates for OG&E's residential customers in the state by about $8 per month.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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