Oklahoma City, OK, June 29, 2006 — OG&E Electric Services said that it plans to ask the Arkansas Public Service Commission to approve a rate increase of about $13 million. A detailed rate proposal will be filed near the end of July outlining OG&E’s plan that aims at recovering the costs of electric system expansion and upgrades.
OG&E has had no general rate increase in Arkansas for 23 years and said new rates, if approved by the Arkansas Commission, would go into effect in the second quarter of 2007. OG&E estimates that under its new proposal, the average residential customer’s electric bill would increase by $8.42 per month.
OG&E wants to use the rate increase to recover investments including the new McClain power plant, the Centennial Wind facility and other infrastructure projects, as well as increasing operating costs, the company said in a recent press release.
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