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Oklahoma City civic group seeks answers about $4.5 billion in storm-related fuel costs

Oklahoma City civic group seeks answers about $4.5 billion in storm-related fuel costs
Jack Money, Oklahoman
© BRYAN TERRY/THE OKLAHOMAN
Eric Jergensen, a member of VOICE OKC, wants to make sure unreasonable fuel costs from the recent winter storm are not passed on to consumers.
Oklahoma City religious and community leaders are raising questions about how power providers plan to recover an estimated $4.5 billion spent on fuel during February s severe winter storm.
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Some legislators recently submitted plans to mitigate these costs over time, but leaders of the civic organization VOICE OKC want assurance the process won t pass unreasonable fuel costs on to consumers. ....

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OKC leaders seek transparency on recouping Oklahoma's storm costs

VOICE is seeking answers to several questions related to the storm, including:
• Who made a profit from the storm, and will the Oklahoma Attorney General conduct a grand jury investigation into that issue?
• What policies were in place that allowed this to happen, and who, if anyone, will be held accountable?
• How did utility companies fail to have hedging contracts in place that could have capped at least some of their fuel costs during the storm?
• Why won t shareholders of publicly traded utilities have to carry some of the financial responsibility for decisions made by those companies leaders?
“Oklahomans experienced 46 ‘extreme weather events’ between 2010 and 2020,” said Pam Bracken, a VOICE member representing Mosaic United Methodist Church. “What’s going to happen to utility costs after the next storm, and the one after that? Our policy can’t be, ‘Oh, shucks, fooled again, we’ll pay it this time, but just wait until next ti ....

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