TULSA, Okla. (AP) - Public Service Company of Oklahoma has filed a rate increase request that would raise the average residential customer’s monthly bill by $14.
The request filed Friday with the Oklahoma Corporation Commission asks to raise rates by 11 percent, or $156 million, after the company spent more than $625 million on new infrastructure and other equipment and to comply with federal environmental regulations.
PSO says in a news release that current rates are based on costs from 2014 and 2015 and don’t include the recent investments.
PSO is the state’s second-largest power company with about 545,000 customers in eastern and southwestern Oklahoma.
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