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OG&E Rate Hike Request Concerns Oklahoma Industries
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2011-08-02
 
TULSA, OKLA. – Oklahoma Industrial Energy Consumers, which includes companies that employ thousands of Oklahomans across the state, is concerned that OG&E’s $73 million rate hike request filed last week will increase costs for Oklahoma industries and hinder their ability to stay competitive, invest locally and grow jobs. OIEC leaders are currently reviewing OG&E’s rate case filing and are hopeful a business-friendly resolution can be found.

“Certain industries cannot handle significant increases in energy costs and still have the capital to invest in infrastructure and stay competitive with their counterparts in other states,” said Tom Schroedter, executive director of OIEC. “We understand OG&E’s need to recover the cost of prudent investments in infrastructure, but we are concerned that higher electricity prices for Oklahoma’s industries could be detrimental to job growth, expansion and, thus, the health of our overall economy.”

OIEC represents industrial companies with thousands of employees across the state. The organization works to ensure just and reasonable utility rates for OIEC members based upon the utilities’ cost of providing service to those members. OIEC has been active on behalf of industrial and other large consumers of energy for more than 15 years, successfully advocating for utility cost reductions or avoidance of utility cost increases for its member companies. For more information on OIEC, call Tom Schroedter at (918) 594-0400.

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