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.