Yukon gas utility customers have been notified of a possible increase in their bills.
Oklahoma Natural Gas Company, a division of ONE Gas, Inc. (Oklahoma Natural”) has filed an application with the Oklahoma Corporation Commission requesting approval of the financing of costs arising from the February 2021 winter weather event.
In February 2021, Oklahomans experienced an historic winter storm, impacting Oklahoma Natural’s supply, pricing, and demand for natural gas. Oklahoma Natural was required to purchase natural gas at extraordinarily high prices and to take other unusual steps to keep the gas flowing to homes and businesses we serve.
At Oklahoma Natural’s request, the Oklahoma Corporation Commission has taken action to defer these high costs temporarily so a cost recovery mechanism can be approved and implemented.
To provide for such a mechanism that mitigates the effects of a recovery of these costs on utility bills, the Oklahoma Legislature has enacted the February 2021 Regulated Utility Consumer Protection Act allowing utilities like Oklahoma Natural to finance approved winter weather costs with state-issued bonds that can be repaid over a longer period at lower cost.
If granted, this application should allow Oklahoma Natural to finance its costs with these bonds, and to repay the bonds while continuing to provide reasonably-priced natural gas service to its customers.
Oklahoma Natural’s requested relief would result in an average monthly increase for residential customers of $7.73 or $5.71 for low income in the first year and less in subsequent years.
HEARINGS SET NOV. 22
The Oklahoma Corporation Commission is scheduled to begin hearings before an administrative law judge on Oklahoma Natural’s request at 8:30 a.m. on Monday, Nov. 22 in courtroom 301, at the Jim Thorpe Office Building, 2101 N. Lincoln Blvd. in Oklahoma City.
All members of the public, including individual customers of Oklahoma Natural, will have an opportunity to provide comments.
Public comment may also be given on Nov. 22 via Zoom, at https://www.zoomgov.com/j/16108903595 or by telephone by dialing: 669-254-5252 and enter the Meeting ID 161 0890 3595.
Members of the public may also provide written comments by mail to the Oklahoma Corporation Commission, P.O. Box 52000, Oklahoma City, OK 73152 or by email to PUDenergy@occ.ok.gov with “Attention: Public Comment PUD 202100079” in the subject line.
For more information concerning this matter, contact any of the following:
- Oklahoma Natural Gas Company by telephone at 918-586-8977;
- Michael L. Velez, Oklahoma Corporation Commission deputy general counsel – by mail at Oklahoma Corporation Commission, 2101 N Lincoln Boulevard, Fourth Floor, Jim Thorpe Office Building, Oklahoma City, OK 73105; by phone at (405) 522-5930; or by email at Michael.Velez@occ.ok.gov; or
- Jared B. Haines, assistant attorney general, Office of the Attorney General – by mail at 313 NE 21st Street, Oklahoma City, OK 73105; by telephone at (405) 521-3921; or by email at email@example.com.