Oklahoma Corporation Commission regulates utility costs for Summit Utilities
What happened
The Oklahoma Corporation Commission is regulating utility costs for Summit Utilities in Oklahoma. According to reports, Summit Utilities uses a Winter Event Securitized Cost Recovery Mechanism (WESCRM) on customer bills. This mechanism allows utilities to recover costs related to natural gas price gouging that occurred during the 2021 Winter Storm Uri.
From z94.com
Why it matters
The regulatory action confirms a long-term cost recovery mechanism for consumers in Oklahoma. This mechanism requires consumers to pay a few dollars monthly for years to come to cover costs incurred by utilities during the 2021 storm.
The Oklahoma Corporation Commission regulates utility rates and operational procedures for PSO.
From z94.com
Who's involved
- Oklahoma Corporation CommissionRegulates utility costs and operational procedures in Oklahoma.
- OklahomaThe state where the utility regulation is taking place.
- PSOA utility in Oklahoma regulated by the Oklahoma Corporation Commission.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- OklahomaSpeculative
Consumers might face continued monthly costs due to the long-term cost recovery mechanism established by the Oklahoma Corporation Commission.
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The entities involved
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Oklahoma
state of the United States of America
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Oklahoma Corporation Commission
public utilities commission of Oklahoma