NEWS ADVISORY FOR NEWS DIRECTORS AND ASSIGNMENT EDITORS

COMMISSION VERBALLY APPROVES NEW STIPULATION WITH ONG

The Oklahoma Corporation Commission has voted unanimously (3-0) on a motion by Chairman Bob Anthony to verbally approve a revised stipulated agreement with ONEOK, Inc. and its subsidiaries, Oklahoma Natural Gas Co. (ONG) and Kansas Gas Service Co. (KGS). The agreement calls for a one-time $5 million credit on the September, 1999 bills of ONG residential customers and addresses issues of competitive bidding for this winter’s gas supplies, the unbundling of certain ONG assets and ONG rate case consolidation.

Chairman Anthony included in his motion that the stipulation be signed by all parties who have expressed agreement with its terms. Anthony also asked that an order covering the stipulated agreement be prepared for the commission to sign Friday, July 9, at 9:30 a.m.

Only the Attorney General has said he will not support the agreement and instead entered his own 20-page proposed agreement into the record near the end of the two day public hearings. Following the 3-0 vote by the commissioners, AG representative Debra Morgan immediately entered an oral motion for a stay which was taken under advisement by the commission.

All Oklahoma Corporation Commission news releases are available for review and downloading from the OCC web site:
www.occeweb.com