Lawmakers Look For Ways To Prevent Future Natural Gas Price Surges After Winter Spike
Reply(1) The Illinois Finance Authority created a $15 million energy loan program to assist towns facing a financial headache, and some communities will allow residents to pay their bills over the course of 12 months. (Shutterstock) Illinois lawmakers want to prevent future natural gas price spikes similar what occurred during a cold snap in February. Many Illinois communities dealt with skyrocketing bills, some shooting up over 7,000%. Several major Illinois utilities are also increasing residential natural gas prices this month, ranging from 35% to 70%, a lingering effect of the volatile wi...