Oklahoma AG wants electric rate cut for customers
A hearing on the matter is scheduled for next week
OKLAHOMA CITY (AP) — Oklahoma Attorney General Mike Hunter says utility companies that stand to save an estimated $100 million in new federal corporate tax cuts should pass those savings onto Oklahoma residents.
Hunter announced Thursday he has filed five motions with the Oklahoma Corporation Commission seeking a reduction in rates for Oklahoma customers.
Hunter filed the motions on the day President Donald Trump signed the sweeping overhaul of federal tax law that includes a reduction in the highest corporate tax rate from 35 percent to 21 percent.
A hearing on the matter is scheduled for next week.