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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: January 29, 1997
Commission file number 1-1097
OKLAHOMA GAS AND ELECTRIC COMPANY
(Exact name of registrant as specified in its charter)
Oklahoma 73-0382390
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
101 North Robinson
P. O. Box 321
Oklahoma City, Oklahoma 73101-0321
(Address of principal executive offices)
(Zip Code)
405-553-3000
(Registrant's telephone number, including area code)
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Item 5. Other Events
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As previously reported, the Company presented a proposed settlement of its
rate reduction request to the Oklahoma Corporation Commission. At the end of the
evidentiary hearing which concluded January 23, 1997, the Oklahoma Corporation
Commission voted to approve the proposed settlement. A written order regarding
the rate reduction request is expected shortly.
Under the terms of the settlement, the Company will lower its rates by
approximately $50 million annually effective March 1, 1997, and will lower its
rates an additional $5 million annually effective March 1, 1998. As a result of
the rate reduction, the Company's average residential customers will receive a
reduction of 8.1 percent or approximately $7.65 per month on their summer bills
(June through October). The rate reduction is partially offset by a new
efficiency incentive that will encourage future electric generation cost savings
to be shared by customers and the Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
OKLAHOMA GAS AND ELECTRIC COMPANY
(Registrant)
By /s/ Donald R Rowlett
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Donald R Rowlett
Controller Corporate Accounting
(On behalf of the registrant and in
his capacity as Chief Accounting Officer)
January 29, 1997
