Public Service Co. of Oklahoma to increase fuel charge

natural gas pipeline elp 2

TULSA, Okla. (AP) — Public Service Co. of Oklahoma will increase the amount it charges customers for fuel.

PSO said Thursday that the increase is due to the completion of a fuel charge refund during the past year that caused fuel charges to be lower than actual costs, and higher costs for natural gas and purchased power.

The new charges will begin with the November billing cycle and will cost an extra $9.47 per month for an average residential customer using 1,100 kWh of electricity during a month.

PSO said it is prohibited from making a profit on fuel and power it purchases to generate electricity and passes on the actual cost to customers.

Tulsa-based PSO is a unit of American Electric Power and has about 545,000 customers in eastern and southwestern Oklahoma.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs