PSO announces planned fuel price increase

Published on NewsOK Modified: April 25, 2014 at 4:00 pm •  Published: April 25, 2014
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TULSA, Okla. (AP) — Public Service Company of Oklahoma has announced plans for a six percent increase in what it charges customers for the price of fuel.

Tulsa-based PSO said Friday that the increase is needed for the company to recover what it pays for fuel used to generate electricity. PSO says the increase is due primarily to the rising price for natural gas that occurred following high customer demand for natural gas and for electricity during winter.

The company says the increase will amount to $5.68 cents for the average residential customer using 1,000 kilowatt-hours per month.

PSO is a unit of American Electric Power and has about 540,000 customers in eastern and southwestern Oklahoma.