News from the Oklahoma Corporation Commission

Matt Skinner, Public Information Officer

Phone: (405) 521-4180, FAX: (405) 521-6945 m.skinner@occmail.occ.state.ok.us

October 11, 2002

MEDIA ADVISORY

PROPOSED SETTLEMENT IN OG&E RATE CASE

A proposed settlement has been filed in the Oklahoma Gas and Electric (OG&E) rate case. The following are some of the basic details of the settlement, what happens next, and contacts for more information.

• The proposed settlement would result in total savings to OG&E customers of approximately 150 million dollars over a three year period.
• The savings to an average residential customer are estimated to be 30 dollars a year. (This is a very approximate number).
• If approved by the Commissioners, the savings will begin in the January billing cycle.
• Administrative Law Judge Jackie Miller will hold a hearing on October 15^th, after which she will determine when she will make a recommendation on the proposed settlement to the Commissioners.
• The full Commission is expected to hold an open hearing on the proposed settlement within the next 4 weeks. At the conclusion of those hearings, the Commissioners will vote on the matter.

EDITORS PLEASE NOTE: THE SETTLEMENT AGREEMENT IS AVAILABLE ON THE OCC WEB SITE’s home page www.occ.state.ok.us under the “Regulated Utilities” heading.

For more information on the settlement, the media may contact

Joyce Davidson (Public Utility Division Director, Oklahoma Corporation Commission) 405-522-1155,

or

Maribeth Snapp (Assistant General Counsel, Oklahoma Corporation Commission) 405-521-2259.

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(All OCC advisories and news releases are available at the Commission web site www.occ.state.ok.us)