PSO expects lower bills
TULSA — Electricity customers of Public Service Co. of Oklahoma will see lower bills from an adjustment the utility is making on its fuel costs. Beginning with the November billing cycle, customers will see a reduction of between 1.6 percent and 4.8 percent on the fuel portion of their bills, depending on their customer class and usage. The typical residential customer using 1,000 kilowatt-hours each month will see a reduction of $1.39, PSO said. The fuel reduction is largely the result of continued lower prices for natural gas, said Bobby Mouser, PSO's director of customer services and marketing. “Our fuel forecasts continue to show these lower prices going forward, which is good news for our customers,” Mouser said in a statement. Fuel costs can include the price of fuel, transport and storage costs, as well as contract fees to ensure supply. Utilities are not allowed to profit on the fuel-cost portion of customer bills. PSO has more than 535,000 customers in eastern and southwestern Oklahoma.