Newspaper article THE JOURNAL RECORD

ONG Rate Reduction One Step Closer to Reality

Newspaper article THE JOURNAL RECORD

ONG Rate Reduction One Step Closer to Reality

Article excerpt

OKLAHOMA CITY (AP) -- A rate reduction averaging $23 a household could be headed for Oklahoma Natural Gas customers if the Oklahoma Corporation Commission approves a proposal to drop the base rate about $20 million a year.

But, Oneok officials are quick to point out that the base rate reduction doesn't automatically translate to lower bills because the cost of natural gas fluctuates and consumers pay the current price for the gas. If gas prices are higher, then that cost is passed on to consumers.

A pair of administrative law judges at the commission approved the agreement Monday. It requires Oneok, ONG's parent company, to give customers a rate reduction of about $20 million a year beginning in the June billing cycle.

Seventy percent of the reduction would go to residential and small business customers and the remainder would go to large corporate customers.

The agreement was brought to the law judges by Oneok, the commission staff, Attorney General Drew Edmondson and Enogex and Transok, two competing gas suppliers. …

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