Oklahoma regulators agree to $46 million rate hike for PSO
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March 15, 2019
OKLAHOMA CITY (AP) — Oklahoma regulators have approved a $46 million annual rate increase for the state's second largest electrical utility.
The three-member Oklahoma Corporation Commission voted unanimously Thursday to approve the hike for Public Service Company of Oklahoma, which serves about 550,000 electrical customers in eastern and southwestern Oklahoma.
Under the $46 million agreement, the average residential customer will pay about $2.38 more per month for electrical service. PSO originally requested an $88 million rate hike, which would have increased residential rates an average of $...
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