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WBGZ Radio 4/24/2021 |
By Kevin Bessler - Illinois Radio Network
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 winter that crippled the nation’s gas supply.
During a House Energy and Environment Committee subject matter hearing, Westfield Mayor Michael Weese said the price jumped in February from 88 cents a therm to $4.52 a therm.
“This has impacted this community and other communities drastically on the price manipulation we believe and took advantage of this cold spell we did have,” Weese said.
Lawmakers Look to Prevent Natural Gas Spikes altondailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from altondailynews.com Daily Mail and Mail on Sunday newspapers.
State looks for ways to prevent future natural gas price surges after winter spike
Kevin Bessler, The Center Square
April 23, 2021
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People watch in February as ice flows along the Mississippi River near Chain of Rocks Bridge in Madison County. A deep freeze with brutally cold temperatures resulted in massive price increases for some residents’ natural gas bills. Jeff Roberson | AP
Illinois lawmakers want to prevent future natural gas price spikes similar to one that occurred during a cold snap in February.
Many Illinois communities dealt with skyrocketing bills, some shooting up more than 7,000%. Several major Illinois utilities also are increasing residential natural gas prices this month by 35% to 70%, a lingering effect of the volatile winter that crippled the nation’s gas supply.
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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 winter that crippled the nation s gas supply.
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During a House Energy and Environment Committee subject matter hearing, Westfield Mayor Michael Weese said the price jumped in February from 88 cents a therm to $4.52 a therm.