8-KOther EventsExhibits & Filings

ONEOK INC /NEW/ 8-K Report, Corporate Update (Aug 25, 2005)

Filed August 25, 2005For Securities:OKE

Summary

ONEOK, Inc. (OKE) filed an 8-K on August 25, 2005, to report a voluntary disclosure regarding Oklahoma Natural Gas Company's (ONG) Voluntary Fixed-Price plan. This program allows residential customers to lock in the price of natural gas for the upcoming winter season. The fixed price offered is $8.393 per Dekatherm for a 12-month period beginning in November. This initiative provides customers with price certainty amidst potential winter volatility. This filing is primarily informational, highlighting a customer-centric program offered by ONG. Investors should note that this is not a financial reporting event but rather a disclosure of a service offering designed to manage customer costs. The details of the plan and enrollment information will be included in customer bills sent in September.

Key Highlights

  • 1Oklahoma Natural Gas Company (ONG) announced its Voluntary Fixed-Price plan for the upcoming winter.
  • 2Customers can lock in the price of natural gas at $8.393 per Dekatherm.
  • 3The fixed-price period is for 12 months, starting in November.
  • 4This plan offers customers price certainty for their natural gas consumption during the winter.
  • 5Enrollment details will be provided in customer bills distributed in September.
  • 6The filing is a voluntary disclosure of a customer program, not a financial reporting event.

Frequently Asked Questions

The main purpose of this 8-K filing is to voluntarily disclose information about Oklahoma Natural Gas Company's (ONG) Voluntary Fixed-Price plan, which allows customers to secure a fixed price for their natural gas consumption during the winter months.

The fixed price offered by ONG is $8.393 per Dekatherm. This price is valid for a 12-month period, beginning in November.

Customers will receive details about the plan and an enrollment form in their September bills.

No, this filing is a voluntary disclosure about a customer service program. It does not report any new financial statements, material amendments to financial agreements, or other significant financial events for ONEOK, Inc. itself. It's focused on a specific customer offering from its subsidiary, Oklahoma Natural Gas Company.