OGE To Offset Uprates With Cost Cut
Oklahoma Gas and Electric Company, a subsidiary of OGE Energy Corporation (NYSE:OGE), has planned to execute an interim annual rate increase of $24 million with the new rates effective from June 1, 2012, for its residential, commercial and industrial customers. However, in order to offset the increase the energy company plans to file for a [...]
Oklahoma Gas and Electric Company, a subsidiary of OGE Energy Corporation (NYSE:OGE), has planned to execute an interim annual rate increase of $24 million with the new rates effective from June 1, 2012, for its residential, commercial and industrial customers. However, in order to offset the increase the energy company plans to file for a reduction in fuel costs by $50 million annually that will finally result in a net reduction of the bill amount for all customers.
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