One gas announces first-quarter 2016 financial results

“New rates and warmer weather in our service territories impacted first quarter results,” said Pierce H. Gas you up Norton II, president and chief executive officer. Electricity in india travel “Safety, investing in the integrity and reliability of our systems and delivering excellent customer service continue to be priorities for ONE Gas as we execute on our long-term strategic plan.”

• A $2.8 million decrease due to lower sales volumes, net of weather normalization, primarily from warmer weather in the first quarter 2016 compared with the first quarter 2015; and

• A $2.4 million decrease from the deferral of separation costs incurred in 2014 that was approved in Oklahoma as a regulatory asset in the recent rate proceeding;

First-quarter 2016 depreciation and amortization expense was $34.7 million, compared with $31.6 million in the first quarter 2015, due primarily to an increase in depreciation expense from capital investments placed in service.

The company ended the first quarter with $52.7 million of cash and cash equivalents, no short-term borrowings and $1.0 million in letters of credit, leaving $699.0 million of credit available under its $700 million credit facility. Electricity and magnetism worksheets high school The total debt-to-capitalization ratio at March 31, 2016, was 39 percent.

• Actual heating degree days in the Oklahoma service area were 1,565 in the first quarter 2016, 12 percent warmer than normal and 18 percent warmer than the same period last year;

• Actual heating degree days in the Kansas service area were 2,120 in the first quarter 2016, 15 percent warmer than normal and 16 percent warmer than the same period last year;

• Actual heating degree days in the Texas service area were 865 in the first quarter 2016, 13 percent warmer than normal and 22 percent warmer than the same period last year;

• Residential natural gas sales volumes were 51.7 billion cubic feet (Bcf) in the first quarter 2016, down 14 percent compared with the same period last year;

In January 2016, the Oklahoma Corporation Commission approved a joint stipulation and settlement agreement for an increase in Oklahoma Natural Gas’ base rates of $29,995,000. Hp gas online booking mobile number The agreement includes the continuation, with certain modifications, of the Performance Based Rate Change tariff, which was established in 2009.

On May 2, 2016, Kansas Gas Service filed a request with the Kansas Corporation Commission (KCC) for an increase in base rates, reflecting system investments and operating costs necessary to maintain the safety and reliability of its natural gas distribution system. Gas prices going up in nj Kansas Gas Service’s request, if approved, represents a net base rate increase of $28 million. Electricity for kids Kansas Gas Service is already recovering $7.4 million from customers through the Gas System Reliability Surcharge (GSRS), resulting in a total base rate increase of $35.4 million. 4 gas laws This request would increase the average residential customer’s natural gas bill by $4.34 per month.

The company’s filing also includes a proposed Cost of Service Adjustment (COSA) mechanism that would reset rates annually, based on a review of the previous year’s financial results. Gas zone edenvale The proposed rate mechanism is intended to reduce the need to file full rate cases, thereby saving costs associated with these traditional rate cases.

In December 2015, Texas Gas Service filed a rate case for its Galveston and South Jefferson County service areas requesting an increase in its revenues of $3.1 million. Gas 76 The filing included a request to consolidate these two service areas into a new Gulf Coast service area. Electricity quizlet Texas Gas Service filed this rate case directly with the incorporated cities and the Railroad Commission of Texas (RRC) for the unincorporated areas. 1 electricity unit is equal to how many kwh Texas Gas Service has reached a unanimous settlement agreement with representatives of the incorporated cities and the staff of the RRC on behalf of the unincorporated areas for an increase in revenues of $2.3 million. Electricity 220 volts wiring The agreement is subject to approval by the cities and the RRC. J gastroenterology impact factor The new rates will become effective upon approval by the cities and the RRC, which is expected to occur in May 2016.

On March 30, 2016, Texas Gas Service filed a rate case requesting an increase in revenues of $12.8 million for its El Paso, Dell City and Permian service areas. 7 gas station The filing included a request to consolidate these three service areas into a new West Texas service area. Gas dryer vs electric dryer Texas Gas Service filed this rate case directly with the incorporated cities of the El Paso and Dell City service areas and the RRC for the unincorporated areas. Gsa 2016 catalog If approved, new rates are expected to be effective in October 2016.

Texas Gas Service expects to file a rate case in its Central Texas jurisdiction, which includes the City of Austin, on or before June 30, 2016. Gas in dogs The filing is expected to include a proposal to consolidate the South Texas service area with the Central Texas service area.

ONE Gas reaffirmed its 2016 financial guidance, with net income expected to be in the range of $127 million to $137 million, or approximately $2.40 to $2.60 per diluted share.

Capital expenditures are expected to be approximately $305 million in 2016. Gas out game rules More than 70 percent of these expenditures are targeted for system integrity and replacement projects.

The ONE Gas executive management team will conduct a conference call on Tues., May 3, 2016, at 11 a.m. Gas x strips instructions Eastern Daylight Time ( 10 a.m. La gasolina reggaeton explosion Central Daylight Time). Electricity production in india The call also will be carried live on the ONE Gas website.

If you are unable to participate in the conference call or the webcast, a replay will be available on the ONE Gas website, www.onegas.com, for 30 days. Wd gaster x reader A recording will be available by phone for seven days. Electricity word search ks2 The playback call may be accessed at 888-203-1112, pass code 7491599.

ONE Gas, Inc. Electricity labs for middle school (NYSE: OGS) is a stand-alone, 100 percent regulated, publicly traded natural gas utility, and trades on the New York Stock Exchange under the symbol “OGS.” ONE Gas is included in the S&P MidCap 400 Index, and is one of the largest natural gas utilities in the United States.

ONE Gas is headquartered in Tulsa, Okla., and its divisions include Oklahoma Natural Gas, the largest natural gas distributor in Oklahoma; Kansas Gas Service, the largest in Kansas, and Texas Gas Service, the third largest in Texas, in terms of customers.

Its largest natural gas distribution markets by customer count are Oklahoma City and Tulsa, Okla.; Kansas City, Wichita and Topeka, Kan.; and Austin and El Paso, Texas. Gas x coupon 2015 ONE Gas serves residential, commercial, industrial, transportation and wholesale customers in all three states.

Some of the statements contained and incorporated in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. 3 gases that cause acid rain The forward-looking statements relate to our anticipated financial performance, liquidity, management’s plans and objectives for our future operations, our business prospects, the outcome of regulatory and legal proceedings, market conditions and other matters. Gas after eating meat We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. Electricity facts ks2 The following discussion is intended to identify important factors that could cause future outcomes to differ materially from those set forth in the forward-looking statements.

Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “should,” “goal,” “forecast,” “guidance,” “could,” “may,” “continue,” “might,” “potential,” “scheduled,” and other words and terms of similar meaning.

One should not place undue reliance on forward-looking statements, which are applicable only as of the date of this news release. Year 6 electricity assessment Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Gas monkey monster truck driver Those factors may affect our operations, markets, products, services and prices. Power outage houston txu In addition to any assumptions and other factors referred to specifically in connection with the forward-looking statements, factors that could cause our actual results to differ materially from those contemplated in any forward-looking statement include, among others, the following:

• our ability to recover operating costs and amounts equivalent to income taxes, costs of property, plant and equipment and regulatory assets in our regulated rates;

• indebtedness could make us more vulnerable to general adverse economic and industry conditions, limit our ability to borrow additional funds and/or place us at competitive disadvantage compared with competitors;

• our ability to secure reliable, competitively priced and flexible natural gas transportation and supply, including decisions by natural gas producers to reduce production or shut-in producing natural gas wells and expiration of existing supply, transportation and storage arrangements that are not replaced with contracts with similar terms and pricing;

• changes in the financial markets during the periods covered by the forward-looking statements, particularly those affecting the availability of capital and our ability to refinance existing debt and fund investments and acquisitions;

• acts of nature and the potential effects of threatened or actual terrorism, including cyber attacks or breaches of technology systems and war;

• the results of financing efforts, including our ability to obtain financing on favorable terms, which can be affected by various factors, including our credit ratings and general economic conditions;

• the ability to successfully complete merger, acquisition or divestiture plans, regulatory or other limitations imposed as a result of a merger, acquisition or divestiture, and the success of the business following a merger, acquisition or divestiture;

• the final resolutions or outcomes with respect to our contingent and other corporate liabilities related to the natural gas distribution business and any related actions for indemnification made pursuant to the Separation and Distribution Agreement with ONEOK; and

• the costs associated with increased regulation and enhanced disclosure and corporate governance requirements pursuant to the Dodd-Frank Wall Street Reform and the Consumer Protection Act of 2010.

These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Gas tax rates by state Other factors could also have material adverse effects on our future results. Gas constant for air These and other risks are described in greater detail in Item 1A, Risk Factors, in our Annual Report. Gas welder salary All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Electricity names superheroes Other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances, expectations or otherwise.