5 ways for OG&E to make money

2020/2021 winter (and fall)was not kind to Oklahomans.

In October, Oklahoma was hit with a major storm that left 400,000 homes in the dark as the above-ground power lines across the metro were shrouded in ice. Then in February 2021, a friggin arctic blast blasted arctic weather, coating the state with inches of snow, dropping temperatures to record lows, freezing the Draper water treatment plant, and leading to rolling blackouts at the absolute worst possible time.

Despite the deadly conditions that Oklahomans found themselves facing, none suffered as greatly as our venerable energy provider – OG&E.

Recently, the company claims to have spent approximately $875 million during the winter storm to restore services in a timely manner “to support” their “customers” during the severe weather. As a result, they're now asking the Corporation Commission to allow OG&E—whose net income $174,000,000 in 2021—to recoup that money from said customers.

Look, I know the winter storm was hard on everyone and OG&E employees worked their tails off last year to restore services. But as OKC residents were told to conserve water during the storm or how OG&E itself urged Oklahomans to conserve power despite the subzero temperatures, maybe OG&E executives should have conserved some cash?

Since it apparently didn’t, here’s 5 ways for OG&E to make money without raising Oklahomans’ bills!

Ask the Government

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