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PSO, Oklahoma Corporation Commission settle over rate increases

Posted at 8:30 PM, Feb 27, 2019
and last updated 2019-02-27 21:30:56-05

The Oklahoma Corporation Commission’s Public Utility Division and the Public Service Company of Oklahoma have reached a settlement in case over rate increases, the state says.

“PSO originally requested an $88 million dollar overall rate increase, resulting in an estimated $7 increase for the average residential customer,” a statement says. “Under the settlement, the overall rate increase would be reduced to $46 million, which would be an increase of about $2.35 more per month for the average residential customer.”

The settlement agreement was reached in negotiations that included PSO, PUD, the Oklahoma Attorney General, AARP and Oklahoma Industrial Energy Consumers.

The proposed settlement terms must be approved by commissioners at a date to be determined.

The proposed settlement agreement can be found by clicking here.

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