OKLAHOMA CITY - Attorney General Mike Hunter today applauded the three members of the Oklahoma Corporation Commission (OCC) after they voted unanimously to approve the historic $64 million rate reduction for OG&E customers that was announced last week.
The decision today will give OG&E’s standard residential customers a one-time $18.71 refund on their July bills from tax cuts the company received from the federal tax reduction approved by Congress in December. The decision to return the savings comes after Attorney General Hunter filed motions with the OCC, requesting companies return the savings from the tax cut to customers in December.
Commissioners ultimately requested the companies track the savings and return the money at a later date.
Standard residential customers will also receive an ongoing monthly rate reduction of approximately $4.44, on average.
“I commend the unanimous decision by the corporation commissioners today, and for acting expeditiously to approve this historic rate reduction for OG&E customers,” Attorney General Hunter said. “The rate reduction will give much needed relief to customers as we head into the summer months, which are some of the most costly, especially for those living on a fixed income. This is real money individuals will be able to use to pay for prescriptions, food or other bills.
“I appreciate the hard work and dedication of the parties involved in this case, who came together to negotiate this settlement in the public interest, and the administrative law judge, who recommended its approval late last week. I also thank my team in the Utility Regulation Unit for leading the efforts on behalf of utility customers.”