Commissioners consider OG&E rate hike

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.)

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 51427492 -
Gray Television, Inc.