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.
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.
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