A filing with the SEC by ONE Gas revealed its Texas Gas Service division received nearly $197 million as its portion of the net proceeds from the sale of Winter Storm Uri bonds.
The filing indicated the sale was of Customer Rate Relief Taxable Series 2023 Bonds issued by the Texas Natural Gas Securitization Finance Corporation.
The TNG Corporation is a Texas non-profit corporation, public authority and instrumentality of the state of Texas created by the Texas Public Finance Authority for the purpose of allowing
participating gas utilities to recover all or a portion of their respective extraordinary costs incurred to secure natural
gas supply and to provide natural gas service during Winter Storm Uri that occurred in February 2021.
ONE Gas intends to use its portion of the net proceeds of the Bonds to repay certain indebtedness and for general corporate
purposes.