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OKLAHOMA CITY - Oklahoma regulators approved a $30 million settlement Tuesday that will allow Oklahoma Gas and Electric Co. to recover some lost revenues from its popular SmartHours program.

The Oklahoma Corporation Commission voted 3-0 to approve a joint stipulation settlement. The case was first filed in April 2015.

OG&E will recover $30.3 million — $10.1 million per year — for three years of lost revenue from SmartHours from 2013 to 2015. The utility contended the annual amount was more than $11 million.

Under Corporation Commission rules, OG&E and other utilities get to recover “lost net revenues” for demand-response and energy-efficiency programs. The reimbursements — which come from customers as part of a temporary “rider” on bills — are designed to be an incentive for utilities to offer the programs.

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