8-KOther EventsExhibits & Filings

ONEOK INC /NEW/ 8-K Report, Corporate Update (Aug 25, 2006)

Filed August 25, 2006For Securities:OKE

Summary

ONEOK Inc.'s Oklahoma Natural Gas Company division has launched a "Voluntary Fixed-Price Plan" for its customers, allowing them to lock in the cost of natural gas for the upcoming 12-month period. This plan offers a fixed rate of $9.25 per Dekatherm for natural gas consumed starting November 1, 2006. The program is available to residential and small commercial customers using 150 Dekatherms or less annually. Enrollment commenced on August 25, 2006, and will close on October 20, 2006. This initiative provides customers with price certainty amidst potential market volatility.

Key Highlights

  • 1Oklahoma Natural Gas Company (ONG) introduced a Voluntary Fixed-Price Plan.
  • 2The plan allows customers to lock in the cost of natural gas for a 12-month period.
  • 3The fixed price is set at $9.25 per Dekatherm.
  • 4The pricing period for the plan begins on November 1, 2006.
  • 5Enrollment is open to residential and small commercial customers consuming 150 Dekatherms or less annually.
  • 6The enrollment period runs from August 25, 2006, to October 20, 2006.
  • 7This is a voluntary program offered by ONG.

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