Oklahoma Gas and Electric Co. would receive a $48 million annual rate increase under a settlement announced Thursday. The settlement, agreed to by OG&E, the state attorney general’s office, the Oklahoma Corporation Commission staff and intervening parties still must be approved by the Corporation Commission before it can become final. The average residential customer would see a monthly increase of about $6 from the rate increase, which would be offset by a reduction in monthly fuel costs resulting from lower natural gas prices, said Pete Delaney, OGE Energy Corp.

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OG&E could get $48 million rate increase

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