OG&E Reach Rate Agreement With AR Public Service Commission
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Updated: April 17, 2007
The agreement includes no rate increase for residential customers, but it will have an impact on other customer groups.
The Commission is scheduled to consider the agreement in a hearing Dec. 19.
If the agreement is approved, new rates will be effective in February 2007.
OG&E said the increase will help the company to recover investments in the McClain power plant, acquired in 2004, and the new Centennial wind farm currently under construction in northwestern Oklahoma. Fuel savings from these two electric-generation facilities more than offset the rate increase.
While the agreement contains no rate increase for residential customers, it will be the first rate increase of any kind in Arkansas for OG&E since 1983. The agreement also would increase the fees OG&E is able to collect for items including returned checks, meter tests, and electric service reconnections.
OG&E, a subsidiary of Oklahoma City-based OGE Energy Corp, serves more than 754,000 retail electric customers in a service area spanning 30,000 square miles, including about 63,000 customers in western Arkansas.
(Copyright 2006 Newsroom Solutions, LLC)
