LITTLE ROCK, Ark. (AP) — Arkansas Attorney General Leslie Rutledge says Oklahoma Gas and Electric has agreed to reduce a rate increase request for its Arkansas customers from $6.4 million to $3.3 million.
Oklahoma City-based OG&E is Oklahoma’s largest utility and has about 66,000 customers in western Arkansas.
Rutledge said Wednesday that she, the Arkansas Public Service Commission and the Arkansas River Valley Energy Consumers group had objected to the original rate request filed Dec. 28.
The Public Service Commission is to rule on the proposed settlement by March 12 and an estimated 3 percent increase in customer bills is to go into effect starting with bills in April.
OG&E has said the rate increase is to offset the cost of modernization efforts, including on the utility’s grid.