7/1/2015
EPA's Environmental Requirements Prompt PSO Rate Filing

TULSA, Okla., July 1, 2015 – U.S. Environmental Protection Agency (EPA) mandates are the primary driver of a rate change request filed today at the Oklahoma Corporation Commission (OCC) by Public Service Company of Oklahoma (PSO).

Costs to comply with EPA rules account for $96 million of the $172 million increase in the filing.  Those costs were primarily to address the EPA’s Regional Haze Rule.

The total represents an overall rate increase of 13.6 percent.  A residential customer with average electricity usage would see an increase of $14.53 on their monthly electric bill, beginning in early 2016.  Even with the proposed increase, PSO’s rates will remain below the state, regional, and national averages.

Originally facing EPA requirements that would have cost close to $1 billion, PSO filed a lawsuit against the EPA, and then worked with Oklahoma leaders to develop an Oklahoma compliance plan that drastically reduced those costs.  The plan developed by PSO and State leaders was approved in 2014 and saves PSO’s customers approximately $650 million in upfront investment costs as compared to EPA’s plan.  PSO’s plan also ensures continued reliable electric service to customers, and benefits the State’s economy by increasing the use of Oklahoma natural gas and wind generation.

Under the plan, PSO will retire one of two coal-fired electric generating units at Northeastern Station in Oologah in 2016.  It will replace that unit with power purchased from an Oklahoma natural gas–fired facility.  PSO is installing environmental controls on the second coal-fired unit at Northeastern Station and will operate it until 2026. Replacement power for that facility will be determined by evaluating the best options for PSO customers at that time.

“We understand how challenging a rate increase can be for our customers, and although we are required to comply with EPA rules, we worked very hard to develop a plan that minimizes impacts to customers,” said Stuart Solomon, PSO president and chief operating officer.  “The plan we developed with State leaders significantly reduces the investment necessary to meet our compliance obligations, as compared to what the EPA would have required.  It also greatly reduces environmental risks and uncertainties in the future.”

PSO’s environmental plan also meets the EPA’s Mercury and Air Toxics Standards (MATS).  This week the U.S. Supreme Court remanded MATS to the D.C. Circuit Court of Appeals and directed EPA to consider costs when implementing a rule.  However, MATS requirements and the compliance deadline remain intact.  

 

PSO, a unit of American Electric Power (NYSE: AEP), is an electric utility company serving more than 540,000 customers in eastern and southwestern Oklahoma.  Based in Tulsa, PSO has 4,256 megawatts of generating capacity, and is a significant provider of wind energy in the state.  News releases and other information about PSO can be found on the World Wide Web at PSOklahoma.com.

American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5.3 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 32,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a 40,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP’s transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP’s utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP’s headquarters are in Columbus, Ohio.

 

 

 

 

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Privacy Policy for Public Service Company of Oklahoma (PSO), a unit of American Electric Power (AEP)

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This Privacy Policy applies only to PSOklahoma.com and the Public Service Company of Oklahoma customer mobile app (com.aep.customerapp.pso). Other AEP websites and apps may be governed by their own privacy policies, appropriate to the uses and needs of each. Throughout the site or app, we may provide links to resources and sites that are not part of PSOklahoma.com or the Public Service Company of Oklahoma customer mobile app. This Privacy Policy does not apply to those resources and sites.

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PSO uses Flurry Analytics Service (provided by Yahoo) in order to improve its mobile apps. Flurry’s privacy policy governs the use of this information.

Also, PSO reserves the right to share any aggregated information (i.e., non-personally identifiable information) with any third parties for any reason, unless prohibited by law.

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PSO reserves the right to change this Privacy Policy at any time. If this Privacy Policy changes, the revised policy will be posted to this site. Please review this Privacy Policy before you provide any personally identifiable information through this site. Use of our web site after the posting of a revised privacy policy constitutes your consent to the revised policy.

This policy was last revised on December 13, 2017.

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