ONG settlement would increase monthly charges for most customers
BY PAUL MONIES NewsOK.com
Friday, June 29, 2012
6/29/12 at 4:50 AM
Most Oklahoma Natural Gas customers will pay more for monthly charges under a $9.5 million settlement recommended Thursday by an Oklahoma Corporation Commission administrative law judge.
The settlement now goes to the three-person regulatory panel for final approval.
Residential ONG customers will see their monthly charges rise by 96 cents, or almost $12 per year. But separate reductions in the fuel-cost portion of customer bills from lower natural gas prices mean most customers' bills will go down. Fuel costs are passed directly to customers and vary based on the price of the commodity.
The base-rate increase will not affect low-income residential customers, whose monthly charges will stay the same under the settlement. ONG in March asked for a $16.2 million increase in rates to help pay for $93 million in infrastructure improvements for pipeline safety and reliability. The company worked out a settlement for $9.5 million with commission staff, the Attorney General's Office and a group representing industrial consumers.
Original Print Headline: ONG settlement would raise charges
Click here to read the complete article at NewsOK.com.
