Recap: Gov. Stitt addresses Oklahoma winter storm utility bills Monday
Gov. Kevin Stitt and other Oklahoma officials addressed the effect of last week's severe winter storm on utility bills at 11 a.m. Monday.
Oklahoma Gas & Electric Co. said Sunday it's likely the recent frigid weather will cost customers more in terms of higher utility bills.
"It’s too early to estimate how customer use and higher fuel costs will affect utility bills" the Oklahoma City-based utility said in a statement issued Sunday. "As a regulated utility, OG&E will work with the Oklahoma Corporation Commission to determine a path forward."
The prices that regulated utilities pay for fuel are passed along to customers through periodic rate adjustments that are reviewed and authorized by the Oklahoma Corporation Commission’s Public Utility Division. Those authorizations are carried out as part of rate cases filed by the utilities that are approved by elected commissioners.
The winter storm boosted energy demand and caused issues with natural gas production and transmission. That led to spikes in natural gas prices, and prompted rolling blackouts for some Oklahomans. In addition to being used to heat homes and buildings, natural gas fuels many power generation plants.
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