PGL Peoples Energy Corp

ONEOK Energy Marketing & Trading Company Awarded Peoples Gas Supply TULSA, Okla., July 30 /PRNewswire-FirstCall/ -- ONEOK Energy Marketing & Trading Company, L.P. (ONEOK), a division of ONEOK, Inc. (NYSE:OKE), announced today that it has entered into a multi-year agreement to supply natural gas to Peoples Gas Light and Coke Company (Peoples), a subsidiary of Peoples Energy Corporation (NYSE:PGL). Under the agreement, ONEOK will sell gas at the Chicago citygate to Peoples, the natural gas distributor for the city of Chicago. Based on current NYMEX gas prices, gas revenues under the agreement shall range between a minimum of $300 million and a maximum of $575 million. "This transaction is illustrative of our strategy of growing our physical marketing business and utilizing our leased pipeline and storage assets. We are proud to have been selected by Peoples and of our track record of providing reliable gas deliveries during peak periods," said Chris Skoog, president of OEMT. ONEOK, Inc. is a diversified energy company involved primarily in oil and gas production, natural gas processing, gathering, storage and transmission in the mid-continent areas of the United States. The company's energy marketing and trading operations provide service to customers in most states. The company is the largest natural gas distributor in Kansas and Oklahoma, and the third largest in Texas, operating as Kansas Gas Service, Oklahoma Natural Gas and Texas Gas Service, serving almost 2 million customers. Statements contained in this release that include company expectations or predictions are forward looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Any additional information regarding factors that could cause actual results to materially differ is found in the company's Securities and Exchange Commission filings. For information about ONEOK, Inc. visit the Web site: http://www.oneok.com/ . Media Contact: Lori Webster 918-588-7570 DATASOURCE: ONEOK, Inc. CONTACT: Lori Webster of ONEOK, Inc., +1-918-588-7570 Web site: http://www.oneok.com/

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