ENERGY
ONEOK fund to help poor pay energy bills

Oklahoman Published: December 22, 2005
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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.

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