Oklahoma Gas and Electric Co. to issue refunds

Posted at 12:02 PM, Mar 21, 2017
and last updated 2017-03-22 05:24:28-04

OKLAHOMA CITY (AP) -- An Oklahoma electric utility company will refund its customers after the Oklahoma Corporation Commission voted for a smaller rate increase than requested.

The Oklahoman reports the commission voted Monday for a rate increase totaling $8.8 million.

Oklahoma Gas and Electric Co. filed a rate case in 2015, asking for an increase of $92.5 million. Commissioners have had the case since early February, after a judge recommended a rate increase of $40.7 million.

Oklahoma Gas and Electric Co. customers have been paying $69 million in higher interim rates since July.

The commission says the company's customers should be receiving refunds on a monthly basis through December bills.

An Oklahoma Gas and Electric Co. spokesman says the utility was disappointed with the commission's decision.

The company plans to file another rate case by the end of the year.

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