Oklahoma Natural Gas (ONG) customers in Oklahoma could see an increase in their bill if the Oklahoma Corporation Commission approves their request.
ONG filed the application on Wednesday and the commission has up to 180 days to render a decision.
If approved, the $50.4 million rate increase would raise an average customer’s monthly bill by $4.98.
ONG, with about 850,000 customers in Oklahoma, says it needs a rate hike to recover investments to maintain the safety and reliability of its natural gas distribution system.
“Our number one priority is safety. In order to continue to provide a safe, reliable energy choice to our customers, we continually reinvest in our infrastructure and upgrade our technology to maintain the integrity of our system,” said Pierce H. Norton II, ONE Gas president and chief executive officer.
“We understand the impact rate increases can have on our customers as we manage expenses to keep energy costs at reasonable levels,” said Norton.
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