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Stock impact report

First OG&E rate increase of 2024 to start in July [Yahoo! Finance]

OGE Energy Corp (OGE) 
Last oge energy corp earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
According to an email sent to customers on Friday morning, OG&E plans to increase rates by 6.6%, or about $9.58 per month, starting July 1 to offset the cost of infrastructure improvements. The increase is part of a new agreement with stakeholders filed with the Oklahoma Corporation Commission on June. The agreement still needs final approval from the OCC. PREVIOUS COVERAGE: Another OG&E rate hike? How much your bill could go up OG&E also mentions in the email that the increase is less than the amount they originally requested. OG&E says the agreement also includes the following direct customer benefits: A $60 annual increase in the Silver Energy senior citizen discount for qualified customers enrolled in SmartHours. Visit OGE.com/SilverEnergy to learn more. Additional financial resources for forestry management to reduce outages caused by trees and tree limbs falling on lines, a main cause of outages. Power generation and electric grid strengthening improvement project Show less Read more
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