TOPEKA, Kan. (AP) Kansas regulators have approved a settlement that allows Oklahoma natural gas company Oneok Inc. to spin off its utility operations but imposes a freeze on its rates through 2016.
The settlement approved Thursday by the Kansas Corporation Commission also will provide rebates totaling $3.4 million each of the next three years to 630,000 customers of Oneok subsidiary Kansas Gas Service. Customers will receive a $5.34 credit on their bills in April 2014, 2015 and 2016.
With the settlement, there was no opposition to the company's plan.
A new company, One Gas, would take over Oneok's gas distribution systems in Oklahoma, Kansas and Texas, with 2 million customers. The remainder of Oneok would keep the company name and operate its other energy businesses.
Oneok's board still must approve the plan.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.