Settlement means no rate increase for Oklahoma utility
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September 20, 2019
OKLAHOMA CITY (AP) — The Oklahoma Corporation Commission has reached an agreement with the state's largest electrical utility that avoids a rate increase for its 800,000 customers in the state.
The three-member commission said Thursday the agreement settles a $77.6 million rate increase request filed by Oklahoma Gas & Electric Co. in December with no rate increase.
The utility said it needed to raise rates to pay for environmental compliance investments, depreciation on aging equipment and other needs. The request was opposed by Attorney General Mike Hunter and various consumer groups who said...
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