Oklahoma Natural Gas Seeks Rate Increase, Citing Lower-Than-Allowed Returns
Oklahoma Natural Gas (ONG) says the rates allowed under an Oklahoma Corporation Commission ruling aren’t enough and it needs an increase in rates for its 930,000 residential, commercial and industrial customers.
The Oklahoma City-based utility filed a request with the commission last week for an increase in rates, that if approved, would mean a residential customer would pay another $2.73 a month, but with the use of the Excess Deferred Income Tax (“EDIT”) it would amount to an increase of $1.53 and $0.42 for a residential low income customer.
Company Says Earned Return Fell Below Allowed Return
ONG stated that what it earned in 2025 was below what the Corporation Commission allowed as a result of a 2021 decision…