OG&E to refund more than $7 million to customers

Oklahoma Gas and Electric Co. will refund more than $7 million to customers in Oklahoma after failing to let state regulators sign off on a natural gas transportation deal with corporate sibling Enogex.
BY JAY F. MARKS jmarks@opubco.com Published: August 30, 2011

Oklahoma Gas and Electric Co. residential customers will see their bills drop by more than $3 in September under a ruling Monday by the Oklahoma Corporation Commission.

OG&E is paying the price for failing to have state regulators review its decision to extend a natural gas transportation contract with fellow OGE Energy Corp. subsidiary Enogex in 2009.

The Corporation Commission ordered OG&E to give customers a $4.2 million credit next month, while passing along an additional $3 million in savings through April 2013.

OG&E's Arkansas customers are expected to receive a refund as well.

Company spokeswoman Kathleen O'Shea said the settlement with regulators is part of a standard audit of fuel costs.

AARP Oklahoma applauded the commission's order forcing OG&E to pay a refund to its customers.

“It is important that consumers pay only what is fair and not more,” the group's Senior State Director Sean Voskuhl said.