Numlock News: November 9, 2021 • Rats, Cheese, Rothko
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By Walt Hickey Exit Fee Oklahoma Natural Gas owes a bunch of debt resulting from that deep freeze that sent prices soaring earlier this year. To pay for the $1.5 billion they owe over the next several decades — friends in the state legislature let the company convert that private debt to a public bond — they’re charging an extra $8 per month to most ratepayers per month every month for the next 25 years. Obviously that’s the kind of thing that may make ratepayers reconsider using the company’s services, as might a move away from natural gas usage in general amid a shift to green energy. That’s why Oklahoma Natural Gas and their state allies are weighting
Numlock News: November 9, 2021 • Rats, Cheese, Rothko
Numlock News: November 9, 2021 • Rats…
Numlock News: November 9, 2021 • Rats, Cheese, Rothko
By Walt Hickey Exit Fee Oklahoma Natural Gas owes a bunch of debt resulting from that deep freeze that sent prices soaring earlier this year. To pay for the $1.5 billion they owe over the next several decades — friends in the state legislature let the company convert that private debt to a public bond — they’re charging an extra $8 per month to most ratepayers per month every month for the next 25 years. Obviously that’s the kind of thing that may make ratepayers reconsider using the company’s services, as might a move away from natural gas usage in general amid a shift to green energy. That’s why Oklahoma Natural Gas and their state allies are weighting