Skip to main content

NOTICE: Electronic Case Filing is here! You can file, research, and track cases anytime, anywhere there's an internet connection. Go to the ECF page to learn more and get started today.

Oklahoma Gas and Electric rate case settlement

By Office of Public Information
Thursday, September 08, 2022

The Oklahoma Corporation Commission (OCC) has unanimously approved a proposed settlement in Cause # PUD 202100164, in which Oklahoma Gas and Electric (OG&E) had requested a rate increase.

Under the settlement supported and offered by the majority of the parties to the case:

  • The original proposed increase of approximately $163.5 is reduced to $30 million.
  • OG&E will issue a refund to ratepayers for tax expense savings from the reduction in the state corporate income tax rate.
  • The impact to the average residential customer is estimated to be $2.07/month.
  • The discount to customers in the Low Income Assistance Program (LIAP) will be increased by $3.00/month.
  • Continue improvements to the OG&E electric grid, subject to a $6 million dollar annual cap.
  • OG&E’s return on equity will remain at current levels (9.5%)

The parties supporting the settlement included:

  • The Oklahoma Attorney General (who represents all ratepayers before the Commission)
  • The Public Utility Division of the OCC
  • The Sierra Club
  • OG&E
  • Oklahoma Industrial Energy Consumers
  • Oklahoma Sustainability Network
  • Oklahoma Association of Electric Cooperatives
  • Federal Executive Agencies

Two parties to the case (AARP and WalMart) did not sign the agreement, but indicated they had no objection to it.

Also approved is a separate settlement offer reached by OG&E and the Petroleum Alliance of Oklahoma (PAO) which:

  • Requires OG&E to provide additional information on its Fuel Supply Portfolio and Risk Management plan that is aimed at mitigating fuel price volatility and supply risks.
  • Requires a public stakeholder conference on such plans.
Last Modified on Sep 08, 2022