Budget Briefing: Electric Rate Hikes Denied, Water Rate Hikes Explained

Your end-of-the-week budget news roundup:

Oklahoma Corporation Commission Denies Interim Rate Increase for OG&E – “Commissioners said Oklahoma Gas and Electric Co. must stand by its earlier pledge not to implement interim rates in a rate case that started last July. The utility put a $24 million interim rate increase into effect Saturday.” NewsOK.com

City Asked to Explain Proposed Rate Hikes to Residents – “City Councilors urged city officials on Thursday to do more to explain proposed water and sewer rate increases and to be forthright about how much those rates could increase down the road.” Tulsa World

Sales-Tax Revenue for City up 10.8 Percent Over Last June – “Tulsa’s sales-tax revenue for June jumped 10.8 percent over the same month last year, reports released Thursday show.” Tulsa World

Boeing Opens Second OKC Facility; Will Expand to 1,200 Jobs by 2014 – “The Boeing Company cut the ribbon on its new six-story building at 6005 S Air Depot Road on Thursday. The company plans to expand its presence in Oklahoma City from 900 to 2,100 employees by the end of 2013, Boeing spokeswoman Yvonne Johnson-Jones said.” NewsOK.com