OGE asks for rate hike to be approved by regulators

Prepare to pay more for electricity after Pennsylvania approves Peco rate  increase


The Oklahoma Corporation Commission plans to begin hearing the request of Oklahoma Gas and Electric for a nearly 10% increase in the utility’s rates.

The utility is seeking a nearly $163.5 million increase in order to recover increased business costs and infrastructure improvements made over the past 10 years.

If approved by the Corporation Commissioners, it would result in a nearly $10 a month increase in a typical customer’s residential bill.

A breakdown of the proposed increase shows General Service customers would be hit with a 9.9% rate hike. Industrial customers would see a wide range affected in the request. Some would see an increased average of 7.7% while large customers would see a decline of 0.1%.

The first hearing on OG&E’s request will be held May 26 before an Administrative Law Judge.