GM's closure in Oklahoma City to cost state utilities
Friday, November 25th 2005, 5:23 am
By: News On 6
OKLAHOMA CITY (AP) _ Oklahoma Gas and Electric says the closure of Oklahoma City's General Motors plant will cost the utility about $2.5-million in annual revenue.
But that cost won't be passed on to consumers -- at least not yet. OG&E spokesman Brian Alford says it's too late for the possible loss of revenue to be included in the utility's current rate case pending before the Oklahoma Corporation Commission.
Alford says the GM plant is among the utility's five-largest customers.
The plant closure also is expected to cost Oklahoma Natural Gas, but the company declined to specify how much. GM buys its gas from a third party, but pays ONG to transport its supply.
ONG spokesman Don Sherry says a loss of revenue from GM won't be felt by the gas company's remaining customers.