OG&E ordered to refund $10-million

OKLAHOMA CITY (AP) -- Oklahoma Gas and Electric is being ordered to refund $10-million to its customers.<br/><br/>The state Corporation Commission says it's ordering the refund because OG&E didn't

Friday, July 15th 2005, 9:35 am

By: News On 6

OKLAHOMA CITY (AP) -- Oklahoma Gas and Electric is being ordered to refund $10-million to its customers.

The state Corporation Commission says it's ordering the refund because OG&E didn't competitively bid a contract it gave to a sister company in 2003.

OG&E awarded a contract to Enogex to transport and store natural gas for OG&E power plants and the commission says OG&E paid nearly $46.8-million a year for the contract.

The commission says OG&E likely would have paid just under $42-million if the contract was put out for bids.

Officials say the refund will likely be a credit to the account of the utility company's 735,000 customers but no timetable has been set.