Oklahoma Natural Gas filed for a $50 million rate increase Wednesday that could mean an extra $5 per month for residential customers.
The utility, which has 850,000 customers in Oklahoma, said it needed to recover investments it has made to upgrade and maintain the gas distribution network.
Pierce Norton II, ONE Gas president and CEO, said the utility’s top priority is safety, which requires continual reinvestment in its infrastructure and technology.
If approved, the $50.4 million rate increase would mean an extra $4.98 on the average residential customer’s monthly bill.
“We understand the impact rate increases can have on our customers as we manage expenses to keep energy costs at reasonable levels,” Norton said in a news release.
ONG said it will continue to help customers manage their bills and energy use though such programs as average payment and energy efficiency.
ONG filed its application with the Oklahoma Corporation Commission, which has 180 days to consider the utility’s proposed rate changes.
The utility is a unit of Tulsa-based ONE Gas Inc., which also operates natural gas utilities in Texas and Kansas.
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