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Feb 25, 2021 4:21 PM
(The Center Square) – Illinois communities dealing with staggering natural gas bills are getting temporary help from the state.
In an emergency session Thursday, the Illinois Finance Authority voted to make available low-interest loans to downstate communities like Morton, Divernon, Auburn and Riverton.
“Our February bill for gas, which we are currently estimating to be $4.6 million, we believe $3.5 million of that we believe is due to price gauging,” Morton Mayor Jeff Kauffman said.
During winter, municipalities usually pay about $2 to $3 per dekatherm of natural gas. Following the deep freeze that reached down to Texas, it shot up to $225 per dekatherm last week.
Illinois providing loans to communities with skyrocketing gas bills by Kevin Bessler, The Center Square | February 26, 2021 12:00 PM Print this article
Illinois communities dealing with staggering natural gas bills are getting temporary help from the state.
In an emergency session Thursday, the Illinois Finance Authority voted to make available low-interest loans to downstate communities like Morton, Divernon, Auburn and Riverton.
“Our February bill for gas, which we are currently estimating to be $4.6 million, we believe $3.5 million of that we believe is due to price gauging,” Morton Mayor Jeff Kauffman said.
During winter, municipalities usually pay about $2 to $3 per dekatherm of natural gas. Following the deep freeze that reached down to Texas, it shot up to $225 per dekatherm last week.