Accompanying this month’s electric bill was this little blurb:
Oklahoma Gas & Electric Company (“OG&E” or “Company”) is seeking an annual increase of approximately $1.87 million or 0.01 percent, to address the 2017 Income Tax and Jobs Act, and to recover increased business costs and electric infrastructure investments the Company has made since 2014.
The increase, as proposed by OG&E, would raise a residential customer’s bill by less than 0.01 percent when compared to current rates. This equals about $0.01 per month on the average residential customer bill. As proposed by OG&E, General Service customers would receive no rate increase. For the industrial rate classes both Power and Light customers (PL) and Large Power and Light customers (LPL) would receive no rate increase.
So basically, they’re asking for enough money to pay for the administrative costs of asking for enough money. I’m waiting for the nearest consumer advocate to point out that industrial customers will pay nothing extra, while we poor slobs in the residential market might get hit for 30, maybe even 40 cents a year.
How this rate request responds to President Trump’s tax package is left as an exercise for the student. Certainly I can’t figure it out.