3/31/2010
PSO COMPLETES FUEL COST REFUNDS TO CUSTOMERS;
APRIL BILLS TO REFLECT HIGHER FUEL PRICES

Due to the recent completion of refunds to customers for over-collected fuel cost recovery amounts in prior months, along with higher natural gas and purchased power energy prices expected during the next 14 months, the electric bills of Public Service Company of Oklahoma (PSO), a subsidiary of American Electric Power (NYSE: AEP), will reflect an increase in the fuel cost adjustment factor, starting with the first billing cycle of April.
 
“As a result of the refunds, PSO customers have been paying lower prices for electricity over an extended period relative to the actual market price of natural gas incurred by PSO,” said David Sartin, PSO’s director of business operations support. “Now that we have completed the customer refunds we must increase the fuel cost portion of customers’ bills to reflect the actual cost of fuel as well as recognize the expected rise in natural gas and purchased power energy prices over the next 14 months.”
 
The fuel cost adjustment factor is a mechanism to “true up” in customer bills the actual cost of fuel used in generating electricity.  The adjustment can rise or fall depending on fluctuations in natural gas and purchased power energy prices.
 
It’s important to note that the April increase does not affect PSO’s base rates (basic price per kilowatt-hour charges), which will remain the same.  Only the fuel cost component of the bill is changing.  PSO makes no profit on fuel costs; customers pay only the actual costs that PSO pays for fuel that is used in generating electricity.
 
At present, a PSO residential customer using 1,000 kilowatt-hours (kWh) per month has a total electric bill of $71.47.  When the new, higher fuel cost adjustment goes into effect with the first billing cycle of April, that same residential customer will see a total electric bill of $90.20.
 
“While that amounts to an additional $18.73 for use of 1,000 kilowatt-hours, most residential customers are unlikely to see that great of an increase because they typically don’t use that much energy in April due to its mild weather,” said Sartin.  “The actual impact per customer will vary with individual usage.”
 
The higher fuel cost adjustment taking effect with April 2010 billing reverses the trend PSO customers experienced last year. Starting in December 2008, PSO reduced its fuel charge to customers six times as the result of the customer refunds and lower natural gas and purchased power energy prices.
 
“With the exception of the past year when we were making the refunds, PSO’s fuel prices are now at the lowest level customers have seen since the last half of 2002, even with the April increase in fuel cost adjustment,” said Sartin.

PSO encourages all customers to learn how to use energy more efficiently to help them control the size of their electric bills.  One of the best sources of information is on the Internet at www.PSOklahoma.com, where customers can find all sorts of energy-saving tips along with information about the extensive array of energy-saving programs PSO offers to customers.

 
PSO, a unit of American Electric Power (NYSE: AEP), is an electric utility company serving approximately 531,000 customers in eastern and southwestern Oklahoma. Based in Tulsa, PSO has 4,408 megawatts of generating capacity, and is the largest provider of wind energy in the state. 
 
American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-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.

Stan Whiteford
Corporate Communications
918-599-2574

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Privacy Policy

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

Scope

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.

Consent

By using this site or app, you consent to the terms of this Privacy Policy. Whenever you submit information via this site or app, you agree to the collection, use, and disclosure of that information in accordance with this Privacy Policy.

Information Collected

  1. Passively collected information

    During your use of this site or app, we may collect anonymous information about your visit here through the use of server logs, cookies, scripts, tracking pixels and other Web traffic tracking systems. This information is aggregated and used to improve user experience through analysis of user activities. This information is never combined with any of the personally identifiable information you may provide in your use of the features of this site or app.
  2. Personally identifiable information

    On certain forms of this site or app, you may be asked to provide information about yourself or your account with us, either to identify yourself to us or to request a service from us. In each case, we will inform you what information is provided at your option and what information is required to complete the transaction or activity you are engaged in. If you are unwilling to provide this required information, you will be unable to complete the requested transaction.

Use and disclosure of information

The information you provide to us will be used to respond to requests you may make for services. Some or all of this information may be added to your permanent account record and may be used for research purposes.

In addition, we may use elements of this information in the following situations:

  1. We may transfer the information to PSO’s affiliates and subsidiaries, unless such transfer is prohibited by law;
  2. We may transfer the information as part of a merger, consolidation, acquisition, divestiture or other corporate restructuring (including bankruptcy);
  3. We may make the information available to third parties who are providing the product, service or information that you have requested (but not your password);
  4. We may make such information available to third parties who are providing services to PSO (for example, providing the information to third parties performing computer-related services for PSO);
  5. We may use the information to communicate with you about products and services that may be of interest to you.
  6. We may disclose the information if we form a good-faith belief that disclosure of such information is necessary to investigate, prevent, or take action regarding any illegal activities or regarding interference with the operation of our site or violation of its terms of use; or
  7. We may disclose the information if we believe that disclosure is required by law or regulation or in response to a subpoena or other order of a court or other governmental agency.

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.

We will not sell, rent or otherwise disclose the information we gather about you or your account to any third party, except as outlined in this Privacy Policy.

Security

PSO takes reasonable steps to protect your personally identifiable information as it is transferred to us, through the use of Web technologies such as the Secure Sockets Layer and others. However, no Internet transmission of information is ever completely secure or error-free. In particular, e-mail sent to or from PSO may not be secure.

How to Reach Us

If you would like to update your personally identifiable information or if you have questions about this privacy policy, please contact us.

Changes to This Policy

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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