Commission Grants PSO Rate Increase

Tuesday, October 9th 2007, 11:20 am
By: News On 6

OKLAHOMA CITY (AP) -- Residential customers of Public Service Company of Oklahoma will see their electric utility rates climb as result of a rate increase approved by state regulators. The three-member Oklahoma Corporation Commission signed an order Tuesday granting the Tulsa-based utility a rate increase of $9.8 million a year.

That's a fraction of the $47.9 million increase sought by the company.

The average increase for residential customers who use at least 1,000 kilowatt hours of electricity will $3.81 per month. That includes $1.67 extra those customers already have been paying under an interim increase in effect since July.

For information about the July interim increase, click here.

PSO spokesman Stan Whiteford said commercial customers will see an increase of about one half of a percent, while large industrial customers will have their rates cut by 1.3%.

The order requires the company to file a plan with the commission promoting energy efficiency and customer education.

Watch the video: PSO Increasing Rates Again