TULSA The ONEOK Foundation said Wednesday it will donate $1 million this winter to assist residents in Oklahoma, Kansas and Texas with their energy bills.
The money will be distributed through the Salvation Army in Oklahoma and Kansas and by other charitable organizations in Texas.
The foundation is affiliated with Tulsa-based ONEOK Inc., the parent company of Oklahoma Natural Gas Co., Kansas Gas Service and Texas Gas Service.
Foundation Executive Director Ginny Creveling said it is still unclear whether Wednesday's announcement includes the matching donation of up to $167,000 Oklahoma Natural Gas already has pledged to the local Salvation Army.
IN OTHER NEWS
Chesapeake sets cash dividend
Chesapeake Energy Corp. directors Wednesday declared a quarterly cash dividend of 5 cents per share of common stock to be paid Jan. 16 to shareholders of record Jan. 2. A dividend also was declared on the company's 4.125 percent cumulative convertible preferred stock. The dividend of $10.3125 per share is payable March 15 to shareholders of record March 1.
The Oklahoma City energy company also announced a dividend of $1.25 a share payable Feb. 15 to shareholders of record Feb. 1 for its 5 percent cumulative convertible preferred stock, series 2003. A dividend of 75 cents a share will be paid March 15 to shareholders of record March 1 on the company's 6 percent cumulative convertible preferred stock.
The directors also declared a quarterly dividend of $1.25 per share of 5 percent cumulative convertible preferred stock, series 2005, payable July 15 to shareholders of record July 1. A dividend of $1.125 a share was declared on Chesapeake's 4.5 percent cumulative convertible preferred stock payable March 15 to shareholders of record as of March 1.
Chesapeake directors also declared a dividend of $1.3472 a share payable Feb. 15 to shareholders as of Feb. 1 on its 5 percent cumulative convertible preferred stock, series 2005B.
Tronox raises pigment prices
Tronox Inc. on Wednesday announced a price increase for its namesake TRONOX titanium dioxide pigments.
The Oklahoma City-based chemical company said it will raise the price by 5 cents a pound for all grades sold in the United States and Mexico and by 5 Canadian cents a pound for all grades sold in Canada. Customers in Latin America will see an increase of $100 per ton.
The charge will increase by $150 per ton in the Middle East, Africa, Asia and the Pacific area. In Europe, the pigment will cost an additional 130 euros per ton.
Tronox said other increase may be announced locally within each region. All price hikes are effective Jan. 1 or as contracts allow.
Sonic chairman joins foundation
Cliff Hudson, chairman and chief executive officer of Sonic Corp., was named Wednesday to the board of trustees of the Ford Foundation.
Hudson said he first became involved with the foundation in discussions about the local MAPS for Kids project that benefits Oklahoma City area schools. Education is a primary interest of the foundation.
"It's a nice honor and should be a very interesting opportunity, said Hudson, who also is chairman of the Oklahoma City School Board. "But it's also a nice statement in what they see we are doing for education in Oklahoma City. I'm hoping the experiences I have there will in turn help with some of those educational efforts in Oklahoma City over time.
As well as the educational ties, Hudson said the foundation was interested in having a chief executive officer of a public company on its board. Another Oklahoman, former Cherokee Chief Wilma Mankiller, also serves on the Ford Foundation's board.
The foundation controls assets of more than $10.5 billion. It paid out $625 million in grants and other charitable activities in 2004, according to its financial statements.Archive ID: 2868357