ONEOK Unit Files For A Rate Hike
ONEOK, Inc.’s (NYSE:OKE) subsidiary, Kansas Gas Service has filed for a rate increase with the Kansas Corporation Commission (“KCC”) to recover the investments made by the company to develop its natural gas pipeline infrastructure and facilities. The rate hike, if approved by the KCC, is expected to increase the company’s revenue by $32.7 million, which [...]
ONEOK, Inc.’s (NYSE:OKE) subsidiary, Kansas Gas Service has filed for a rate increase with the Kansas Corporation Commission (“KCC”) to recover the investments made by the company to develop its natural gas pipeline infrastructure and facilities. The rate hike, if approved by the KCC, is expected to increase the company’s revenue by $32.7 million, which includes a base rate hike of $50.7 million and $18 million decrease in amounts currently recovered through surcharges.
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