PSO Reaches Settlement Agreement For Rate Hike

Public Service Company of Oklahoma&nbsp;had proposed a plan that would raise the average customer&#39;s rates by about $4 a month, but the new plan will only mean about a .35 increase. <br /><br /><a href="http://www.newson6.com/Global/story.asp?S=13359167" target="_self">PSO Asks Oklahoma Corporation Commission For Large Rate Hike</a>

Friday, November 19th 2010, 4:53 pm

By: News On 6


NewsOn6.com

UNDTAED – Public Service Company of Oklahoma said Friday it has reached a settlement agreement in its current rate case at the Oklahoma Corporation Commission.

It had proposed a plan that would raise the average customer's rates by about $4 a month, but the new plan will only mean about a .35 increase.

10/21/2010 Related Story: PSO Asks Oklahoma Corporation Commission For Large Rate Hike

Industrial customers were fighting the first plan. This new version will give them about a two-and-a-half percent decrease.

The Oklahoma Corporation Commission will hold a hearing on the new plan in early December.  If approved, the new rates would go into effect no later than the first billing cycle in February 2011.

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