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Utilities Director Natural gas is an integral part of our daily life. It is used to fuel our furnaces, cook our food, and heat our water for bathing and cleaning, as well as support our district energy (steam heating) system. We don’t really think about the necessity of having it; we just rely on it. Recently, during the polar vortex that the Midwest experienced, the need for reliable natural gas came to the forefront. With extreme cold temperatures in the South, the availability of natural gas across the Midwest was threatened. Gas wells, power plants and wind turbines experienced freeze outs. With the constraint in supply and the increase in demand, the price for natural gas skyrocketed. New Ulm Public Utilities (NUPU) saw the price increase from $2.60/mcf at the beginning of February to over $188.00/mcf by mid-month. This price increase was not unique to New Ulm but was felt across the greater Midwest. This put a financial burden on our utility and ultimately on o ....
PUCâeases pain Thumbs Up: February utility bills are going to be painful to look at this month. The massive cold spell that struck much of the country created a huge demand for natural gas, and that translates to huge prices for natural gas. We’re all going to be paying much more in February than in January. But for customers of New Ulm Public Utilities, things could be worse. The New Ulm Public Utilities Commission on Friday voted a $2.6 million buydown of the gas bill increases. It won’t cover all of the increase utility customers will be facing, but it will ease the pain somewhat. The table on the front page of today’s paper shows that. ....
Minnesotans tend to be rather blasé about winter storms in other parts of the country. We are used to dealing with snow, ice and cold and figure people in the ....