The Oklahoma Corporation Commission’s decision to finalize a nearly $127 million rate hike by Oklahoma Gas and Electric drew the ire of the AARP.
“This order will make final OG&E’s saddling residential customers with a historic $126.6 million rate increase and raise utility bills more than $9 a month, an amount many customers simply cannot afford. OG&E began collecting this unprecedented rate hike on an interim basis on July 1, 2024, and the OCC approved OG&E’s interim rates on November 27, 2024,” stated AARP Oklahoma State Director Sean Voskuhl.
More than 3,700 AARP members called, emailed and signed petitions objecting to OGE’s request.
Voskuhl said the rate hike comes at a time the company made more than $425 million in profits last year. The company’s original request would have increased monthly customer bills by $21.
“While customers are forced to choose between buying food and medicine and keeping the lights on, OG&E, year after year, rakes in millions of dollars in profits and continues to raise rates with no end in sight. OG&E will be back at the trough with another rate case expected to start mid-year.”