ONG's last rate increase was for $54.5 million in 2009. The utility has since moved to an annual “performance-based ratemaking” review that allows for greater flexibility to make adjustments.
Ballard said the proposed settlement would raise customer charges for small commercial and industrial consumers by about 16 cents per month. Larger commercial and industrial consumers would see monthly charges fall by 85 cents per month. Information for how fuel adjustments would affect bills for those customers was not available.
The hearing before an administrative law judge is scheduled for 10:30 a.m. Thursday in Courtroom B of the Jim Thorpe Office Building, 2101 N Lincoln in Oklahoma City. The judge will issue a recommendation to the three-person commission, which has the final say in the matter.