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OG&E seeking $73M rate increase

Oklahoma Gas and Electric Co. is asking state regulators to approve a $73 million rate increase to recover costs from nearly $500 million in new investments.
BY JAY F. MARKS Business Writer Published: July 28, 2011

Oklahoma Gas and Electric Co. is seeking a $73 million rate increase for 2012.

The increase would add about $6.50 a month to the average residential customer's bill if approved by state regulators. Larger commercial and industrial electric customers would see higher bills as well, while schools and small businesses would experience little change.

OG&E is asking for the rate hike to recover costs from nearly $500 million in new investments over the past two-plus years.

“We're putting dollars to good use for customers,” said Jesse Langston, OG&E's vice president of utility commercial operations. “We've made prudent investments in system expansion and reliability that have improved the quality of our service, provided customers with tools and information to better manage their energy use and earned best-in-class distinction for customer satisfaction.”

The rate request was filed Thursday with the Oklahoma Corporation Commission, which is not expected to rule in the case until later this year or early 2012.


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