Most companies doing business in Oklahoma can simply set their own prices to sell their products and services. However, regulated utilities like OG&E, PSO and ONG are different. The prices regulated utilities charge to provide customers with electricity or natural gas are decided through an open, public process called a rate case. When a pricing adjustment is needed, the utility company files a request with the Oklahoma Corporation Commission, the body that regulates public utilities. The request is considered in a rate case, which offers a public forum to examine and discuss the request. Rate cases seek to balance the needs of customers and the utility with public policy goals. Reasonable costs for utility service are defined, and the amount of money the utility company will collect through rates to provide that service in a safe and reliable manner is determined.
In contrast, the Oklahoma Corporation Commission does not regulate the rates that telecommunications providers charge their customers for services. The Commission has limited regulatory oversight of telecommunications providers in Oklahoma, allowing it to oversee quality of service issues, the Oklahoma Universal Service Fund and applications for new telecommunications carriers that wish to offer certain services within the State.