PSO bills rise Wednesday: The reality of what even a small increase means for Oklahoma families
TULSA, Okla. – People across Oklahoma will see their PSO electric bills increase starting Wednesday, but the hike will be far smaller than first proposed after a settlement announced Tuesday by the Oklahoma Attorney General’s Office.
What is happening with PSO electric rates?
An interim rate hike from Public Service Company of Oklahoma is scheduled to take effect Wednesday. The increase comes as part of PSO’s request to raise rates to cover costs tied to providing electric service.
How much was PSO originally asking for?
PSO initially proposed a residential rate increase of about 15 percent, which would have raised the average customer’s monthly bill by more than $25.
What changed with the new settlement?
On Tuesday, Oklahoma Attorney General Gentner Drummond announced a settlement that reduces the proposed increase to 1 percent, or about $2.45 per month for the average residential customer. The agreement is still pending approval by the Oklahoma Corporation Commission.
Drummond said in a statement that with inflation already high, consumers are paying too much for basic necessities.
Who was involved in reaching the agreement?
The Attorney General’s Office worked with PSO and other parties, including AARP and the Public Utility Division of the Oklahoma Corporation Commission, to reach the settlement…