Keeping a Rein on Rate Hikes

More than 545,000 Oklahomans could see their electric bills increase an average of $14 a month if regulators approve a $156 million rate hike proposed by the Public Service Company of Oklahoma (PSO). The utility said it needs to recover more than $625 million already spent on infrastructure and equipment, including about 530,000 smart meters.

PSO’s last increase was finalized less than a year ago. AARP Oklahoma encourages consumers to speak out against the new proposal by calling 844-248-8225. The Oklahoma Corporation Commission, which oversees rates, is expected to study the proposal this month.