Oklahoma Natural Gas customers will see lower bills this year after the Oklahoma Corporation Commission voted yesterday to return $22 million to its customers over the course of this year.
ONG Customers will receive $22.7 million in savings over the next year. Customers will receive a rate reduction of approximately $11 million plus $11.7 million in one-time credits from ONG’s income tax savings after the federal income tax rate fell to 21 percent. The average residential customer will see approximately $15 in savings next month and a smaller balance in subsequent months for the rest of the year.
Attorney General Mike Hunter said the rate reduction and credit comes at a particularly helpful time, with the coldest months of the winter still ahead.
“Winter is one of the most expensive times of year for natural gas utility customers,” he said. “Reducing rates and giving money back to customers will help a lot of Oklahomans. I commend the OCC commissioners, who approved this order.”