News from the Oklahoma Corporation Commission

Jim Palmer, Director of Information

July 14, 1999

COMMISSION CONTINUES DELIBERATIONS ON UNDBUNDLING OF ONG GATHERING AND STORAGE ASSETS

The Oklahoma Corporation Commission has continued to Thursday, July 15, at 11 a.m. its deliberations on a proposed order which would declare that there is competition for ONG’s natural gas gathering and storage assets and therefore they should be removed from utility regulation by the Commission.

A written order is being prepared for the Commission’s consideration and vote on Thursday in courtroom 301 of the Jim Thorpe Building, 2101 N. Lincoln, Oklahoma City.

This week’s hearings and deliberations are part of the schedule of hearings set forth in the stipulated agreement between the Commission and ONG which was approved last week.

-occ-