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Oklahoma Natural Gas Offers Natural Gas Price Plan

September 01, 2009
OKLAHOMA CITY – Sept. 1, 2009 -- Oklahoma Natural Gas Company customers will be able to lock in the per-unit cost of the natural gas they use this winter if they choose to enroll in the company's Voluntary Fixed-Price Plan. The company announced today that the program's price for natural gas will be $6.194 per dekatherm, effective for the 12-month period that begins Nov. 1.

"The Voluntary Fixed-Price Plan is an option that some customers may wish to consider to help manage their natural gas bills," said Oklahoma Natural Gas Company President Roger Mitchell. "While participation in this program does not guarantee savings, it can help reduce the volatility of the gas cost portion of our customers' bills."

Customers who choose to enroll in this program will continue to pay normal service and delivery charges and their bills will still vary some according to the volume of natural gas they use; however the per-unit cost of the natural gas they use will not change. Participating customers will be charged $6.194 for each dekatherm used. A dekatherm is the approximate amount of energy contained in 1,000 cubic feet of natural gas.

Oklahoma Natural Gas Company purchases natural gas supplies for its customers through a competitive bidding process to ensure a competitive price and secure supply. The company realizes no profit on the sale of natural gas but earns a return through regulated charges associated with delivering the gas.

Mitchell stressed that customers who participate in the Voluntary Fixed-Price Plan may pay more or less over a 12-month period than customers who continue to pay the company's normal system price for natural gas, which varies from month to month.

Enrollment in the Voluntary Fixed-Price Plan is open to residential and small commercial customers (those using 150 dekatherms or less annually) and will continue through Oct. 23. Oklahoma Natural Gas Company customers will receive more information about the plan and an enrollment form with their September bills. Customers may also enroll by calling 800-208-7267 or online at www.oklahomanaturalgas.com.

Oklahoma Natural Gas provides natural gas service to more than 800,000 customers in the state of Oklahoma. It is a division of ONEOK, Inc. (NYSE: OKE), a diversified energy company. ONEOK is the general partner and owns 45.1 percent of ONEOK Partners, L.P. (NYSE: OKS), one of the largest publicly traded limited partnerships, which is a leader in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions with key market centers. ONEOK is among the largest natural gas distributors in the United States, serving more than 2 million customers in Oklahoma, Kansas and Texas. Its energy services operation focuses primarily on marketing natural gas and related services throughout the U.S. ONEOK is a Fortune 500 company.

For more information, visit the Web sites at www.oklahomanaturalgas.com or www.oneok.com.
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