Oklahoma Natural Gas customers to see higher bills

Oklahoma Gas consumers ought to be prepared to pay a little bit more after a current Oklahoma Corporation Commission choice.“For the average residential ONG customer, you’ll immediately see in the next billing cycle an increase of a $1.27 in your rates, that’s per month,” OCC representative Matt Skinner stated. Nevertheless, Skinner stated, cost savings from the Tax Cuts and Jobs Act of 2017 will minimize the quantity costs increase. >> Related: Oklahoma Natural Gas more than $1 billion in debt; Oklahomans to foot the bill in new proposal“That credit will be applied in February of 2022, which means that that actual impact to the customer on an annualized basis, once that credit goes into effect, will be 34 cents,” Skinner stated. So why will Oklahomans see this increase on their gas bills?“This is to keep the company in operational status in order to provide reliable service,” Skinner explained.>> Related: Oklahoma gas prices soar as oil hits seven-year highTo clear up confusion, he said the rate increase isn’t tied to February’s winter storm. “The case that is still pending before us regarding gas cost recovery by ONG is not a rate case. It doesn’t influence rates. It influences what charges are on your bill,” he said.Skinner said the Corporation Commission is nearing a vote on that issue, but nothing has been scheduled.

Oklahoma Natural Gas customers should be prepared to pay a little more after a recent Oklahoma Corporation Commission decision.

“For the average residential ONG customer, you’ll immediately see in the next billing cycle an increase of a $1.27 in your rates, that’s per month,” OCC spokesman Matt Skinner said.

However, Skinner said, cost savings from the Tax Cuts and Jobs Act of 2017 will minimize the quantity costs go up.

>> Related: Oklahoma Gas more than $1 billion in financial obligation; Oklahomans to bear the expense in brand-new proposition

“That credit will be applied in February of 2022, which means that that actual impact to the customer on an annualized basis, once that credit goes into effect, will be 34 cents,” Skinner stated.

So why will Oklahomans see this boost on their gas costs?

“This is to keep the company in operational status in order to provide reliable service,” Skinner explained.

>> Related: Oklahoma gas prices soar as oil hits seven-year high

To clear up confusion, he said the rate boost isn’t tied to February’s winter storm.

“The case that is still pending before us regarding gas cost recovery by ONG is not a rate case. It doesn’t influence rates. It influences what charges are on your bill,” he stated.

Skinner stated the Corporation Commission is nearing a vote on that problem, however absolutely nothing has actually been set up.

Jobber Wiki author Frank Long contributed to this report.