State officials considering an AEP-PSO rate hike
Friday, December 17th 2004, 4:35 am
By: News On 6
The price you pay for electricity could be going up soon.
The Oklahoma Corporation Commission has held a final hearing on AEP/PSO's electric reliability plan. It would increase the average residential electric bill by $2.08 a month. The plan calls for an increase in tree trimming as well as replacing overhead power lines with underground lines.
The company says the improvements are needed to comply with new state standards.
A final vote on the plan is expected Friday.
AEP/PSO has 505,000 customers, including 285,000 in the Tulsa area.