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PSO Rate Increase Begins Today

 

Public Service Company of Oklahoma customers will see higher electric bills.

 

Beginning today, the utility company implemented interim rates while state regulators continue reviewing its request for a permanent rate increase. The interim rates will increase the average residential customer's monthly bill by about $11, based on usage of 1,100 kilowatt-hours per month. The increase comes as the Oklahoma Corporation Commission considers PSO's request for a larger rate hike. Regulators could approve the company's request, set a lower permanent rate or establish a rate below the interim amount now taking effect.

 

If the commission ultimately approves a rate lower than the interim rate, PSO says it will refund customers the difference. The Oklahoma Corporation Commission has not announced when it expects to issue a final decision on the utility's rate request.

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