Oklahoma Corporation Commissioners will take part Tuesday in an Administrative Law Judge’s hearing on a possible rate hike requested by Empire District Electric Company.
A joint stipulation and agreement has already been reached but not approved by Commissioners during which Empire Electric would be allowed an annual base rate increase of $5,100,000.
Liberty filed the request for the rate increase in February of this year. (Cause No. PUD 202100163 (ECF No. PUD2021-000163) The joint stipulation and settlement were reached after numerous conferences held in July and all sides agreed to recommend an authorized return on equity of 9.3%.
The meeting will begin at 8:30 a.m.