PSO customers to see permanent rate increase beginning in December

TULSA, Okla. - Oklahoma Corporation Commission regulators have approved a permanent rate increase for Public Service Company of Oklahoma customers following months of interim billing.

The commission voted 2-1 Thursday to approve a 3.55% increase, replacing a temporary $11 monthly charge residential customers began paying in July.

Here’s what customers need to know about the decision and what comes next.

Commission approves permanent rate increase The Oklahoma Corporation Commission voted 2-1 Thursday to move forward with the permanent rate increase for PSO customers.

The 3.55% increase replaces the temporary monthly charge that residential customers have been paying since July.

Customers will begin seeing the new rate with their December billing cycle.

Residential customers will not receive refunds Commission Chair Kim David voted against the increase.

David told the Tulsa Flyer that residential customers will not receive refunds for the temporary charges they paid over the past several months.

The permanent rate replaces the interim charge, but customers should not expect reimbursement for those previous payments.

Exact impact on monthly bills still unclear PSO has not yet released the exact dollar amount customers will pay under the new rate.

Officials are still calculating how the 3.55% increase will affect individual bills.

PSO expects to release those specific figures sometime next week.

Industrial customers expected to receive credits While residential customers will not receive refunds, industrial customers are expected to receive bill credits within 90 days.

The credits are part of the resolution of the rate proceedings.

Commission plans additional rate discussions in January The Corporation Commission is scheduled to meet again in January to discuss rate structures for large-scale industrial electricity users.

For residential customers, the new permanent rate will begin appearing on bills during the December billing cycle.

PSO customers to see permanent rate increase beginning in December

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