Oklahoma
Oklahoma AG announces settlement that would cut PSO rate increase from 15% to 1%
OKLAHOMA CITY (KSWO) — Oklahoma Attorney General Gentner Drummond has announced a settlement between his office and the Public Service Company of Oklahoma.
According to Drummond, the proposed residential rate increase will now drop from 15% to 1%. Instead of a $25 increase, the average PSO customer using 1,100 kilowatt-hours per month would only see a $2.45 increase per month.
The amount is also below the $11 interim increase set to go into effect Wednesday, July 1 for PSO customers.
“This is a major win for Oklahoma families, businesses and ratepayers,” Drummond said. “With inflation through the roof, consumers are already paying too much for goods and services. My office will continue fighting to ensure utility customers receive safe, reliable service at rates that are fair, just and reasonable.”
The latest proposal is also subject to review by the Oklahoma Corporation Commission.
There is no word on the settlement’s impact on Wednesday’s interim rate increase.
7News has reached out to PSO for comment and is awaiting a response.
Copyright 2026 KSWO. All rights reserved.