OKLAHOMA CITY (AP) - A state panel has approved a rate hike for customers of Oklahoma Natural Gas.
The three-member Oklahoma Corporation Commission unanimously approved the increase on Monday. The new rate will cost the average residential consumer about $4 a month and will take effect immediately.
The increase was part of a settlement agreement involving the utility, a group that includes large industrial consumers and the attorney general's office, which represents residential users.
ONG says the hike is not connected to the price of gas and is needed to help pay for delivery and infrastructure costs. The utility's last rate increase was in 2005.