ONEOK Plans Separation of Natural Gas Distribution Business

September 2013, Vol. 240 No. 9

The board of directors of ONEOK Inc. unanimously authorized management to separate the company’s natural gas distribution business into a standalone, publicly traded company. The new entity will be called ONE Gas Inc. and consist of Oklahoma Natural Gas Co., Kansas Gas Service and Texas Gas Service.

ONE Gas, headquartered in Tulsa, OK, will be one of the largest natural gas utilities in the U.S., serving more than 2 million customers in three states, and will be the only publicly traded, 100% regulated, pure-play natural gas distribution utility in the U.S.