News from the Oklahoma Corporation
Commission
Phone: (405)
522-2100, FAX: (405) 522-1623, www.occ.state.ok.us
June 18,
2001
COMMISSION
APPROVES OVER $2.7 MILLION IN SAVINGS FOR OG&E CUSTOMERS
(OKLAHOMA CITY) – The
Oklahoma Corporation Commission has approved an order which helps defray higher
summer electricity costs with more than $2.7 -million dollars in fuel cost
credits for Oklahoma Gas and Electric Co. (OG&E) ratepayers. The customer
credit amounts to .000138 cents per kilowatt hour or an average of 13.8 cents
per month for the average residential electricity user’s bill.
The customer credit is part
of a stipulated agreement worked out between the Commission public utility
division staff, OG&E, the Attorney general and Oklahoma Industrial Energy
Consumers (OIEC) which applies to cost recovery for gas transportation savings
which result from competitive bidding.
Each OG&E customer will
start seeing the credit with the July billing cycle and continue to receive it
until amended by the company at the direction of the Commission.
-occ-
All OCC news
releases and advisories are available for downloading and review on the OCC web site at www.occ.state.ok.us