Oklahoma Gas and Electric wants to raise rates—again. And it’s because of growing demand for electrical power.
Customers recently received a notification, along with their monthly bills. In it, they were informed of the utility’s request of Oklahoma Corporation Commissioners for approval to build two additional nautural gas combustion power generation units at its Horseshoe Lake Power Plant in eastern Oklahoma County and also to enter into two long-term agreements for additional power from third parties.
“These projects were selected after demonstrating a significant need for new electric generation and conducting a competitive bidding process to identify the lowest cost options,” stated the notification.
OG&E stated that if approved, the average residential customer could begin to see a bill increase of 60 cents a month in 2026. However, the rate increases would also grow for several years with “laddered increases,” until the average residential customer would pay another $4.81 a month…