AARP Oklahoma Statement on OG&E Rate Hike Settlement

AARP Oklahoma applauds the settlement filed today between OG&E and parties to the case, including AARP. The settlement halts a proposed $77.6 million per year rate increase, and as importantly, rejects a proposed 70 percent increase of the customer monthly charge, which is a substantial win for residential ratepayers. With summer months and Oklahoma’s extreme heat coming, budget for higher utility costs is extremely challenging, especially older adults and those with low or fixed incomes. This becomes a critical pocketbook issue for Oklahomans. Individuals struggling to pay for food, housing and medicines cannot afford to see a significant increase in their utility bills, particularly when it is not justified.