OGE Heads to Corporation Commission with $92 million Rate Hike Request

 

oge

An administrative law judge will begin Tuesday what could be a several-week long hearing into a more than $92 million rate hike request by OG&E. The request was filed weeks before the utility won approval in a controversial Corporation Commission decision on making $500 million in environmental improvements to the firm’s coal-fired Sooner Power Plant at Red Rock.

If approved, the move would add $7.22 a month to the bills of residential customers beginning in July. But a utility spokeswoman has indicated the additional cost would be offset by reduced fuel prices, meaning the real additional monthly cost would be closer to less than 50 cents.

The $92.5 million rate hike request is about 5 percent higher than current rates which were set four years ago, and OGE contends the previously approved rates don’t generate enough revenue to cover the costs.

The latest request also includes $7.5 million for the utility’s 2.5 megawatt solar production farm at the Mustang Power Plant in western Oklahoma City.