Commissioners Approve OG&E Rate Case

The Oklahoma Corporation Commission approves $48 million annual rate increase.
Changes to the fuel cost formula will help offset the impact on consumers.
It is estimated that the average residential consumer, using 1,500 kilowatt hours a month, will pay an average 63 cents a month under the settlement for at least the first year.
OG&E requested a $110 million annual rate increase.
The settlement paves the way for expansion of use of devices to give the consumer more control over their power costs, using “smart meters,” “time-of-use programs” and the so-called “smart grid.”
The settlement also will provide a senior citizens discount of $5 a month from June through October for those age 65 or older who participate in the utility’s time-of-use program, and a discount for qualifying low income residential customers.

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