UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

	
		
(Date of report)	May 2, 2016	
(Date of earliest event reported)	May 2, 2016	

ONE Gas, Inc.
(Exact name of registrant as specified in its charter)

	
					
Oklahoma	 	001-36108	 	46-3561936	
(State or other jurisdiction	 	(Commission	 	(IRS Employer	
of incorporation)	 	File Number)	 	Identification No.)	

15 East Fifth Street; Tulsa, OK
(Address of principal executive offices)

74103
(Zip code)

(918) 947-7000
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

	
			
Item 7.01	 	Regulation FD Disclosure	
 	 	 	
 	 	On May 2, 2016, ONE Gas, Inc. (NYSE: OGS) announced that its Kansas Gas Service division 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. A copy of the news release is attached as Exhibit 99.1 and is incorporated herein by reference.
 
The information disclosed in this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the Exchange Act), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.

Item 8.01	 	Other Events	
 	 	 	
 	 	ONE Gas, Inc. announced today that its Kansas Gas Service division filed a request with the 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.

Kansas Gas Service’s request, if approved, represents a net base rate increase of $28 million. 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.

This request would increase the average residential customer’s natural gas bill by $4.34 per month.

The filing is based on a 10.0 percent return on equity and a 55.0 percent common equity ratio.

The filing represents a rate base of $903 million, compared with $826 million included in existing base rates plus previously approved GSRS-eligible investments. Since the last general rate case, Kansas Gas Service has invested $230 million in its systems and facilities.

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

In accordance with Kansas law, the KCC has 240 days to consider Kansas Gas Service’s filing.

Item 9.01	 	Financial Statements and Exhibits	
 	 	 	
 	(d)	Exhibits	
 	 	 	
Exhibit
Number	Description	
 	 	 	
99.1	 	News release issued by ONE Gas, Inc. dated May 2, 2016.	

2

SIGNATURE

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	
				
 	 	 	ONE Gas, Inc.	
 	 	 	 	
Date:	May 2, 2016	By:	/s/ Curtis L. Dinan	
 	 	 	Curtis L. Dinan
Senior Vice President,
Chief Financial Officer and
Treasurer	

3

EXHIBIT INDEX

	
			
Exhibit
Number	Description	
 	 	 	
99.1	 	News release issued by ONE Gas, Inc. dated May 2, 2016.	

4

Exhibit 99.1

	
				
May 2, 2016	 	Analyst Contact:	Andrew Ziola
918-947-7163	
 	 	Media Contact:	Dawn Ewing
913-319-8642	

Kansas Gas Service Requests Recovery of Investments
and Costs for Providing Service

OVERLAND PARK, Kan. - May 2, 2016 - ONE Gas, Inc. (NYSE: OGS) announced today that its Kansas Gas Service division 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.

Kansas Gas Service is the state’s largest natural gas utility, serving approximately 635,000 customers across two-thirds of the state of Kansas.

Kansas Gas Service’s request, if approved, represents a net base rate increase of $28 million. 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. This request would increase the average residential customer’s natural gas bill by $4.34 per month.

“Our number one priority is safety. In order to continue to provide a safe, reliable energy choice to our customers, we continually reinvest in our infrastructure and upgrade our technology to maintain the integrity of our system,” said Pierce H. Norton II, ONE Gas president and chief executive officer.

“We understand the impact rate increases can have on our customers as we manage expenses to keep energy costs at reasonable levels,” said Norton. The company will continue to assist customers through offerings such as the Average Payment Plan and Share The Warmth , the company’s heating assistance fund, which is administered through The Salvation Army. Customers may also visit www.kansasgasservice.com for energy-saving information and helpful tools.

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. The proposed rate mechanism is intended to reduce the need to file full rate cases, thereby saving costs associated with these traditional rate cases.

    

-more-

Kansas Gas Service Requests Recovery of Investments
and Costs for Providing Service

May 2, 2016

Page 2    

In accordance with Kansas law, the KCC has 240 days to consider Kansas Gas Service’s filing.

Kansas Gas Service provides clean, reliable natural gas to approximately 635,000 customers in 360 communities in Kansas. It is a division of ONE Gas, Inc. (NYSE: OGS), a natural gas distribution company and the successor to the company founded in 1906 as Oklahoma Natural Gas Company .

ONE Gas provides natural gas distribution services to more than 2 million customers in Oklahoma, Kansas and Texas. ONE Gas is one of the largest publicly traded, 100 percent regulated, natural gas utilities in the United States. 

ONE Gas trades on the New York Stock Exchange under the symbol “OGS,” and is included in the S&P MidCap 400 Index.

For more information, visit the websites at www.kansasgasservice.com or www.onegas.com .
For the latest news about Kansas Gas Service, follow us on Twitter @KansasGas .

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