Oklahoma Gas and Electric wants to raise rates—again. And it’s because of growing demand for electrical power.
Customers recently received a notification, along with their monthly bills. In it, they were informed of the utility’s request of Oklahoma Corporation Commissioners for approval to build two additional nautural gas combustion power generation units at its Horseshoe Lake Power Plant in eastern Oklahoma County and also to enter into two long-term agreements for additional power from third parties.
“These projects were selected after demonstrating a significant need for new electric generation and conducting a competitive bidding process to identify the lowest cost options,” stated the notification.
OG&E stated that if approved, the average residential customer could begin to see a bill increase of 60 cents a month in 2026. However, the rate increases would also grow for several years with “laddered increases,” until the average residential customer would pay another $4.81 a month.
It would mean another $1.38 a month in 2027; $3.32 in 2029; $4.55 in 2030 and $4.81 in 2031 for t he residential customer.The increases would be greater for other customers such as the General Service customer whose bill by 2031 would be increased by $5.97 a month. The average Power & Light customer would see a jump of $100.21 a month by 2031. But the Large Power and Light customer would see monthly increases of $863.60 in 2026; $1,802.00 in 2027; $2,618.00 in 2038; $3,678.80 in 2029; $4.569.60 in 2030 and $4.651..20 in 2031.
“This new electric generation is critical to provide you with even more reliable and resilient electric service as we plan for the future,” explained OG&E.
The utility’s request is now before the Corporation Commission. The notification expained the utility will take its case before the commission with an Administrative Law Judge acting as referee on Oct. 8 at 9 a.m.