Oklahoma Gas and Electric’s effort to recover financing costs for two planned power plants has sparked a high-stakes regulatory and constitutional challenge, marking the first major test of a new state law that allows utilities to charge customers for construction expenses before projects are complete.
The case centers on a proposed rate increase tied to generation units east of Oklahoma City, scheduled to enter service in 2029. OG&E argues the measure will reduce long-term interest costs. Opponents, including industrial and consumer groups, say the plan forces current customers to subsidize infrastructure intended for future demand and undermines longstanding ratemaking principles.
Consumer and Industrial Groups Challenge New Law…