AEP-PSO fuel costs to rise, customers to pay more
TULSA, Okla. (AP) - Customers of American Electric Power-Public
Service Company of Oklahoma will be paying more on their utility
bills because of an increase in the cost of fuel.
AEP-PSO said in a news release Wednesday that the
fuel-adjustment cost will mean an increase of an estimated $18.73
per month to the average utility bill. A customer using 1,000
kilowatt hours per month will pay about $90 per month.
The utility is not allowed to make a profit on its fuel costs
but is allowed to pass on that cost to customers.
AEP-PSO has about 525,000 customers statewide, mostly in
northeastern and southwestern Oklahoma.
Information from: Tulsa World, http://www.tulsaworld.com