Oklahoma Gas and Electric Co. attorney: Regulations may force largest rate increase in history

An Oklahoma Gas and Electric Co. official told a House subcommittee that the utility company could be forced to enact the largest rate increase in its history by a number of recent rules enacted by the U.S. Environmental Protection Agency.

 
BY JAY F. MARKS | Published: February 17, 2012   

New U.S. Environmental Protection Agency regulations could force Oklahoma Gas and Electric Co. to install more than $1 billion worth of scrubber technology to keep running some of its coal-fired power plants, a company attorney told a House subcommittee on Thursday.

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“This would translate into the largest rate increase in the history of the company,” said Kimber Shoop, senior counsel for OG&E.

Shoop testified Thursday before the House Energy...
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