As used in this Annual Report, references to “we,” “our,” “us” or the “company” refer to ONE Gas, Inc., an Oklahoma corporation, and its predecessors and subsidiary, unless the context indicates otherwise.
GLOSSARY
The abbreviations, acronyms and industry terminology used in this Annual Report are defined as follows:
ACA
Annual Cost Adjustment
AFUDC
Allowance for funds used during construction
Annual Report
Annual Report on Form 10-K for the year ended December 31, 2014
ATSR
Ad Valorem Tax Surcharge Rider
Bcf
Billion cubic feet
Bcf/d
Billion cubic feet per day
CERCLA
Federal Comprehensive Environmental Response, Compensation and Liability Act
of 1980, as amended
CFTC
Commodities Futures Trading Commission
Clean Air Act
Federal Clean Air Act, as amended
Clean Water Act
Federal Water Pollution Control Amendments of 1972, as amended
Code
Internal Revenue Code of 1986, as amended
COG
Cost of gas
COGR
Cost of gas rider
COSA
Cost-of-Service Adjustment
DOT
United States Department of Transportation
Dth
Dekatherm
EPA
United States Environmental Protection Agency
EPARR
El Paso Annual Rate Review
EPS
Earnings per share
Exchange Act
Securities Exchange Act of 1934, as amended
FERC
Federal Energy Regulatory Commission
GAAP
Accounting principles generally accepted in the United States of America
GRIP
Texas Gas Reliability Infrastructure Program
GSRS
Gas System Reliability Surcharge
Heating Degree Day or HDD
A measure designed to reflect the demand for energy needed for heating based on the extent to which the daily average temperature falls below a reference temperature for which no heating is required, usually 65 degrees Fahrenheit
IASB
International Accounting Standards Board
IFRS
International Financial Reporting Standards
IRS
U.S. Internal Revenue Service
IRS Ruling
Private Letter Ruling from IRS
KCC
Kansas Corporation Commission
KDHE
Kansas Department of Health and Environment
LDCs
Local distribution companies
LIBOR
London Interbank Offered Rate
Moody’s
Moody’s Investors Service, Inc.
MMcf
Million cubic feet
NYSE
New York Stock Exchange
OCC
Oklahoma Corporation Commission
ONE Gas
ONE Gas, Inc.
ONE Gas Credit Agreement
ONE Gas’ $700 million revolving credit agreement, which expires in January, 2019
ONE Gas Predecessor
ONE Gas’ predecessor for accounting purposes that consists of the business
attributable to ONEOK’s natural gas distribution segment that was transferred to
ONE Gas in connection with its separation from ONEOK
ONEOK
ONEOK, Inc. and its subsidiaries
ONEOK Partners
ONEOK Partners, L.P. and its subsidiaries
OSHA
Occupational Safety and Health Administration
PBRC
Performance-Based Rate Change
PHMSA
United States Department of Transportation Pipeline and Hazardous Materials
Safety Administration
Pipeline Safety Improvement Act
Pipeline Safety Improvement Act of 2002, as amended
Pipeline Safety, Regulatory Certainty and Job Creation Act
Pipeline Safety, Regulatory Certainty and Job Creation Act of 2011, as amended
ROE
Return on equity calculated consistent with utility ratemaking in each jurisdiction
RRC
Railroad Commission of Texas
S&P
Standard and Poor’s Rating Services
SEC
Securities and Exchange Commission
Securities Act
Securities Act of 1933, as amended
Separation and Distribution Agreement
Separation and Distribution Agreement dated January 14, 2014, between ONEOK
and ONE Gas
Tax Matters Agreement
Tax Matters Agreement dated January 14, 2014, between ONEOK and ONE Gas
Transition Services Agreement
Transition Services Agreement dated January 14, 2014, between ONEOK
WNA
Weather normalization adjustments
XBRL
eXtensible Business Reporting Language
The statements in this Annual Report that are not historical information, including statements concerning plans and objectives of management for future operations, economic performance or related assumptions, are forward-looking statements. Forward-looking statements may include 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. Although we believe that our expectations regarding future events are based on reasonable assumptions, we can give no assurance that such expectations and assumptions will be achieved. Important factors that could cause actual results to differ materially from those in the forward-looking statements are described under Part I, Item 1A, “Risk Factors,” and Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operation and “Forward-Looking Statements,” in this Annual Report.