OG&E says rate cut would harm service

<br>(Oklahoma City-AP) -- Oklahoma Gas and Electric says a proposed rate cut of more than 42 million dollars would hurt the company's service. <br><br>OG&E says in a filing with the state Corporation

Tuesday, September 10th 2002, 12:00 am

By: News On 6

(Oklahoma City-AP) -- Oklahoma Gas and Electric says a proposed rate cut of more than 42 million dollars would hurt the company's service.

OG&E says in a filing with the state Corporation Commission that such a cut would cripple the ability to respond to power outages, compromise reliability and could lead to a downgrade of the company's credit rating.

Corporation Commission staff is recommending the 43.2 million dollar rate cut that would mean a reduction of about 20 dollars per year in a customer's bill.

OG&E, meanwhile, is asking for a more than 26 million dollar rate increase to make improvements and recover from damage caused by the January ice storm.