SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
December 3, 2001
(Date of earliest event reported)
ONEOK, Inc.
(Exact name of registrant as specified in its charter)
Oklahoma 1-2572 73-1520922
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 West Fifth Street; Tulsa, OK
(Address of principal executive offices)
74103
(Zip code)
(918) 588-7000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Events
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ONEOK, Inc. today announced it will take a
non-recurring charge of 18 cents per share of common stock in
the fourth-quarter as the result of an order from the Oklahoma
Corporation Commission (OCC) that unfairly denied Oklahoma
Natural Gas Company (ONG), a division of ONEOK, the right to
collect outstanding gas costs incurred while serving customers
last winter. ONG has appealed the order to the Oklahoma
Supreme Court.
ONG's recovery of last winter's gas costs through its
billing process has been delayed by the OCC. The order halts
that recovery process effective December 1, 2001, leaving ONG
with an estimated $34.6 million in gas costs yet to be
recovered. The company has requested and expects to receive a
stay of the order that will permit the company to collect the
money subject to refund. However, if the appeal is not
successful, the company would have to refund the money to its
customers with interest. The exact amount to be charged to
earnings will be based on collections through the end of
November.
Item 7. Financial Statements and Exhibits
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99.a Press Release Issued by ONEOK, Inc. dated November 30, 2001
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized, on this 3rd day of December 2001.
ONEOK, Inc.
By: /s/ JIM KNEALE
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Jim Kneale
Senior Vice President, Treasurer
and Chief Financial Officer
(Principal Financial Officer)
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