Rate cases typically take several months to resolve, but the last time a utility implemented an interim rate increase was in 2007. In that case, Public Service Co. of Oklahoma implemented interim rates almost two weeks after the 180-day deadline. But commission staff attorney Elizabeth Cates said in Thursday's hearing PSO had not previously indicated it would waive its right to implement interim rates.
Judge issues report
Meanwhile, Administrative Law Judge Jacqueline T. Miller on Wednesday issued her recommendation in the full rate case. The 305-page report directed OG&E to come up with a revised cost of service by Monday based on Miller's recommendation for a return on equity of 10.75 percent.
OG&E had requested a return on equity of 11 percent and a rate increase of $73.25 million to recover upgrade costs.
In testimony in the rate case in December and January, several groups asked for rate reductions ranging from $4 million to $57
Parties in the rate case have 10 days to file their comments on the judge's recommendation. The judge's report is advisory, and any decision on the rate case will come from the three elected corporation commissioners.
“We are reviewing the lengthy report and carefully considering what our course of action will be,” said Diane Clay, a spokeswoman for the attorney general's office.
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Our motives were to keep costs down for our customers.”Bill Bullard