Oklahoma attorney general seeks rate cut for consumers - KTEN.com - Texoma news, weather and sports

Oklahoma attorney general seeks rate cut for consumers

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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.

The utility companies include Oklahoma Gas & Electric, Public Service Company of Oklahoma, Oklahoma Natural Gas, CenterPoint Energy, and Arkansas Oklahoma Gas.

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.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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