Media Advisory

Dec. 2, 2021
Contact: Matt Skinner
Public Information Manager
405-521-4180
Matt.Skinner@occ.ok.gov

Oklahoma Natural Gas Rate Case 

(PUD 202100063)

The Oklahoma Corporation Commission has approved a settlement agreement which will initially result in an average increase of $1.27 in the average residential bill. However, the settlement includes a Commission order that requires ONG to apply a $10.6 million tax credit received under the Tax Cuts and Jobs Act of 2017 to the rates in question. That credit will be applied in February of 2022, lowering the overall increase to 34 cents a month for the average residential customer on an annualized basis.

Not including the application of the tax credit, ONG originally applied for an increase of $28.69 million. The amount approved was $15.25 million.

The settlement was agreed to and offered to the Commissioners for approval by the Oklahoma Attorney General – who represents the ratepayer before the Commission, AARP, ONG, the Public Utility Division of the Corporation Commission, and the Oklahoma Industrial Energy Consumers (OIEC).

- OCC-

All OCC news releases and advisories are available at oklahoma.gov/occ/news