Agency to consider electric rate cut following judge signoff


OKLAHOMA CITY (AP) — An administrative law judge has recommended approval of a proposed $64 million rate cut settlement agreement for Oklahoma's largest electric utility, clearing the way for state regulators to take a vote.

Friday's recommendation followed months of negotiations between Oklahoma Gas & Electric, the state Attorney General's Office and others over a proposal filed by OG&E early this year to slightly increase its rates. The proposed settlement agreement factors in tax savings the company will receive after the federal corporate income tax rate was cut by Congress last year.


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