Attorney General's office wants OG&E rate reduction

Monday, July 15th 2002, 12:00 am
By: News On 6

(Oklahoma City-AP) -- Oklahoma Gas and Electric officials say they're stunned by a proposal for $100-million in rate reductions.

The proposal by the Attorney General's Office was made in response to OG&E's request for a $26.2-million rate increase.

The chief financial officer for OG&E's parent company, OGE Energy Corporation, says the proposal is irresponsible and not in the best interest of the public.

James R-Hatfield says that if the proposal passes the company could be forced to lay off employees and reduce the quality of service.

Hatfield says OG&E asked for the rate increase to recoup losses from this year's ice storm.