OKLAHOMA CITY (KFOR) – OG&E personnel are working to recoup costs that piled up during February’s arctic blast.
The energy company spent upwards of $875 million on fuel and power during the winter storm, according to an email sent to customers on Tuesday.
OG&E is asking the Corporation Commission to securitize those costs, which would allow OG&E to spread out repayments over a longer period of time, instead of paying one lump sum.
Company representatives said the average residential customer would see their bill increase by almost $4 a month if the Corporation Commission approves the request.
The first hearing is scheduled for October 11 before the Corporation Commission.