OKLAHOMA CITY (KFOR) – Oklahoma Corporation Commissioner Bob Anthony has issued yet one more dissenting opinion within the ongoing fuel cost recovery saga.
OG&E stated the added cost, also referred to as a Fuel Cost Adjustment, represents “under-collected” fuel prices the corporate has skilled attributable to inflation; the month-to-month payment will mirror on buyer payments for the subsequent two years to recoup the estimated cost of $424 million.
Previous KFOR reporting confirmed that it’s in opposition to Oklahoma regulation for utility firms to revenue from fuel cost changes beneath OCC laws.
Rather, the costs should be the “actual cost” of rising fuel costs.
The firm stated the technique to recuperate a whole lot of tens of millions of {dollars} via fuel cost charges is important, because it displays the sharp rise available in the market over the past yr across the nation and within the state.
Now, Commissioner Bob Anthony says “threats, coercion, administrative ‘irregularities’ and withholding information” has impacted his Constitutional duties to guard Oklahoma customers.
“Unfortunately, efforts to obscure transparency and deflect inquiries into problematic
relationships and activities are nothing new at this Commission,” stated Anthony. “The OCC has a long history of permitting cozy relationships with powerful special interests and neglecting to acknowledge and correct its subsequent regulatory failures, regardless of how many other Courts and competent outside authorities point out its duty and responsibility to do so.”
Read the complete dissent under:
OG&E sent the below statement following Anthony’s opinion:
OG&E will continue to provide our customers with reliable, resilient electric service at the lowest cost possible. The cost of fuel to produce electricity has been and will continue to be a portion of each customer’s monthly bill and OG&E will continue to work on behalf of our customers to procure fuel at competitive costs, minimizing customer impact as much as possible.
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