An administrative law judge has approved a proposal by an electric utility serving northeast Oklahoma -- including the Tulsa area -- to collect a bit more money from most customers for a year. The additional $30 million would pay for recent projects.
The proposal by American Electric Power-Public Service Company of Oklahoma also included an offsetting $30 million reduction in the fuel-cost portion of electric bills and exemption of low-income customers from the year-long rate rise.
AEP-PSO said the result would add less than $1 to the average residential customer's monthly bill over one year, to pay for projects done since the last rate case.
The three-member Corporation Commission has final say. AEP-PSO spokesman Stan Whiteford said the proposal could go before the commission within the next month.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
