Oklahoma’s three Corporation Commissioners didn’t attain a consensus on the way to unfold out an elevated value to OG&E clients.
Last month, OG&E started a worth improve of $9.72 per 30 days for a mean buyer that may span two years. The utility claimed its “under-collected” roughly $500,000,000, prompting the value hike.
Commissioners Dana Murphy, Todd Hiett, and Bob Anthony thought-about spreading out the rise over three to 4 years to reduce the month-to-month affect on residential clients.
At the fee assembly final week, Hiett advocated for increasing the interval to three-and-a-half or 4 years, which might have lowered the common added value to roughly $6 per 30 days. Murphy, involved concerning the accrued curiosity of a four-year interval, supported a three-year choice that will have value the common buyer $7.72 per 30 days.
Anthony didn’t choose any choice, drawing a stalemate among the many commissioners. The present two-year plan stays in place, in consequence.
“It’s another rate increase, on top of another rate increase, on top of another rate increase,” mentioned Sean Voskuhl, AARP Oklahoma State Director, noting the rise marks the fourth time OG&E has hiked up buyer costs prior to now two years.
“People out there are really struggling with the high cost of fuel, food, and prescription drugs. Having a 30 percent rate increase on just rates for electricity is just unconscionable,” Voskuhl mentioned.
OG&E mentioned in a press release that it affords fee plans and different help to clients. Click here for more information on the OG&E website.
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