TULSA, Okla. — Oklahoma Natural Gas customers should expect a small bump in their monthly bills after a settlement announced Wednesday.
The Oklahoma Corporation Commission approved the settlement agreement resulting in an initial average rate increase of $1.27 in the average residential bill. However, the settlement includes a Commission order that requires ONG to apply a $10.6 million tax credit received under the Tax Cuts and Jobs Act of 2017 to the rates in question. That credit will be applied in February of 2022, lowering the overall increase to 34 cents a month for the average residential customer on an annualized basis.
Not including the application of the tax credit, ONG originally applied for an increase of $28.69 million. The amount approved was $15.25 million.
To read information from ONG about this change visit their BLOG. If you need help paying your ONG bill apply for assistance HERE.
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