Corporation Commission Votes Against OG&E Rate Hike
OKLAHOMA CITY (AP) - The Oklahoma Corporation Commission has rejected a plan by the state's largest electric utility that would have resulted in customers' bills going up by more than 15 percent over the next five years.
The commission voted 2-1 Wednesday to deny Oklahoma Gas & Electric's proposal to recover from consumers a little more than $1 billion in costs to comply with new environmental regulations and update one of its aging plants.
Commissioners Todd Hiett and Commissioner Bob Anthony both voted to adopt Hiett's order rejecting the proposal. Hiett said he didn't believe the company presented enough information for him to determine if its plan was appropriate.
Commissioner Dana Murphy voted against Hiett's order. She had proposed a separate order approving part of the utility's plan.
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