Oklahoma Corporation Commission member calls for rate cut - KSWO 7News | Breaking News, Weather and Sports

Oklahoma Corporation Commission member calls for rate cut

OKLAHOMA CITY (AP) - A member of the Oklahoma Corporation Commission says he supports cutting rates charged by five public utilities in the state to prevent windfall profits that he says would result due to lower federal corporate tax rates.

Commissioner Bob Anthony said in a statement Monday he believes ratepayers need lower rates after the new corporate tax rates went into effect Jan. 1 and "not just IOUs to be paid later."

Attorney General Mike Hunter's office has asked the commission to consider cutting rates to reflect the new law that cut the highest corporate income taxes from 35 percent to 21 percent.

The commission will consider the request Tuesday.

The utilities affected are Oklahoma Gas & Electric, Public Service Company of Oklahoma, Oklahoma Natural Gas, CenterPoint Energy and Arkansas Oklahoma Gas.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsNewsMore>>

  • Stephon Clark's brother charged with misdemeanor assault

    Stephon Clark's brother charged with misdemeanor assault

    Monday, April 23 2018 8:25 PM EDT2018-04-24 00:25:35 GMT
    Tuesday, April 24 2018 12:31 AM EDT2018-04-24 04:31:59 GMT
    (AP Photo/Rich Pedroncelli, file). FILE--In this April 10, 2018, file photo, Stevante Clark, the brother of Stephon Clark, who was shot and killed by Sacramento police, speaks before a meeting of the Sacramento City Council in Sacramento, Calif. Clark ...(AP Photo/Rich Pedroncelli, file). FILE--In this April 10, 2018, file photo, Stevante Clark, the brother of Stephon Clark, who was shot and killed by Sacramento police, speaks before a meeting of the Sacramento City Council in Sacramento, Calif. Clark ...

    Prosecutors have charged the brother of an unarmed black man who was shot to death by Sacramento police with misdemeanor assault and vandalism.

    Prosecutors have charged the brother of an unarmed black man who was shot to death by Sacramento police with misdemeanor assault and vandalism.

  • Pompeo nomination narrowly clears panel, goes to full Senate

    Pompeo nomination narrowly clears panel, goes to full Senate

    Monday, April 23 2018 1:05 AM EDT2018-04-23 05:05:19 GMT
    Tuesday, April 24 2018 12:30 AM EDT2018-04-24 04:30:47 GMT
    (AP Photo/Alex Brandon, File). In this April 12, 2018, photo, Secretary of State-designate Mike Pompeo speaks during the Senate Foreign Relations Committee hearing on his confirmation on Capitol Hill in Washington. President Trump’s nominee for secreta...(AP Photo/Alex Brandon, File). In this April 12, 2018, photo, Secretary of State-designate Mike Pompeo speaks during the Senate Foreign Relations Committee hearing on his confirmation on Capitol Hill in Washington. President Trump’s nominee for secreta...
    Trump's nominee for secretary of state, Mike Pompeo, is facing serious opposition before the Senate Foreign Relations Committee, which may not have enough votes to recommend his confirmation.
    Trump's nominee for secretary of state, Mike Pompeo, is facing serious opposition before the Senate Foreign Relations Committee, which may not have enough votes to recommend his confirmation.
  • DOJ looks into how AT&T, Verizon handle defecting customers

    DOJ looks into how AT&T, Verizon handle defecting customers

    Friday, April 20 2018 7:43 PM EDT2018-04-20 23:43:53 GMT
    Tuesday, April 24 2018 12:18 AM EDT2018-04-24 04:18:00 GMT
    The Justice Department is investigating AT&T, Verizon and a standards-setting group. (Source: Raycom Media)The Justice Department is investigating AT&T, Verizon and a standards-setting group. (Source: Raycom Media)
    The Justice Department is investigating AT&T, Verizon and a standards-setting group. (Source: Raycom Media)The Justice Department is investigating AT&T, Verizon and a standards-setting group. (Source: Raycom Media)

    The Justice Department has opened an antitrust investigation into whether AT&T and Verizon and a standards-setting group worked together to hinder consumers from easily switching wireless carriers.

    The Justice Department has opened an antitrust investigation into whether AT&T and Verizon and a standards-setting group worked together to hinder consumers from easily switching wireless carriers.

Powered by Frankly