State Officials To Address High Energy Prices From February Winter Storm

New information is expected Monday from state and energy officials about proposed legislation to address high energy and utility bills due to February's winter storm.

We're expecting to hear from Attorney General Mike Hunter, the state secretary of energy, and the state corporation commission.

Right now, the commission is working on a time frame for when OG&E customers will start paying recovery costs for the February cold snap. But they say the costs will be spread out for customers over the next ten years.

OG&E and Oklahoma Natural Gas both said the record cold temperatures around Valentine's Day, combined with soaring fuel prices cost them more than a billion dollars each.

The corporation commission is allowing ONG to temporarily defer those costs, but at last check they're still deciding on how they will recover those costs.

Last month Governor Kevin Stitt asked President Joe Biden for more federal assistance to help Oklahomans expecting high utility bills.

Monday's news conference will start at 10:30 a.m. News 9's Storme Jones will have the details from the meeting later this afternoon.