VOICE stops massive OG&E rate hike
[Excerpts]
It seems that OG&E customers will be getting some money back following a decision on a proposed rate increase by the Oklahoma Corporation Commission.
In 2016, OG&E proposed a rate increase of $92.5 million to cover expenses moving forward and to pay for work already done to the system. . . .
The proposal didn’t come without concerns from the public.
“It’s time to stop protecting profits for major corporations like OG&E and start protecting the families of Oklahoma, people who are going to have to choose between buying groceries and paying their electric bill,” said Elise Robillard, with the group Voices Organized in Civic Engagement. . . .
In fact, OG&E already implemented an interim $69.5 million rate increase at the end of June since the case still hadn’t been decided. . . .
On Monday, the Oklahoma Corporation Commission strayed from the proposed rate increase and even the recommendation.
Instead, commissioners granted OG&E a rate increase worth just $8.9 million, which equals out to an additional 72 cents a month for the average OG&E customer.
However, it seems that OG&E will be forced to pay customers back millions.
Since the company already enacted a $69.5 million rate increase at the end of June, it will now be forced to refund customers the money it collected over the $8.9 million plus interest.
