PSO Files Rate Hike Request With State
Tuesday, November 21st 2006, 12:11 pm
By: News On 6
TULSA, Okla. (AP) -- Residential customers of Public Service Company of Oklahoma could see a 3-percent increase for electric service next year, and possibly more in future years.
Tulsa-based PSO filed a rate proposal with the Oklahoma Corporation Commission today to pay for more than $2-billion in planned facilities and investments.
The proposal also asks the commission to adopt an annually adjusted rate mechanism to reflect the investment PSO will make in new facilities over the next several years.
PSO has not increased base rates since 1994.
A PSO spokesman says the commission has 180 days to consider the request, and if approved, customers could begin seeing an increase of about $2.25 per month on their bills in late spring or early summer.