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Pritzker calls for $15 million loan program to assist areas hit by record-high gas prices


Pritzker calls for $15 million loan program to assist areas hit by record-high gas prices
By Grace Barbic
Capitol News Illinois
SPRINGFIELD – Gov. JB Pritzker announced a low-interest loan program Tuesday to help alleviate the unprecedented financial burden from soaring utility costs for certain Illinois municipalities and their residents.
The extreme weather that devastated Texas’ electrical grid last week has resulted in skyrocketing natural gas prices in Illinois directly linked to frozen natural gas wells in Texas and Oklahoma.
“To put the severity of this crisis in perspective, the egregious level of natural gas prices would be similar to a gallon of gasoline rising from the current $2.89 per gallon to $289 per gallon,” Heather Viele, General Manager of the Interstate Municipal Gas Agency said. ....

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Loan program to assist areas hit by record natural gas prices


Loan program to assist areas hit by record natural gas prices
 
Updated 2/23/2021 5:16 PM
SPRINGFIELD Gov. J.B. Pritzker announced a low-interest loan program Tuesday to help alleviate the unprecedented financial burden from soaring utility costs for certain Illinois municipalities and their residents.
The extreme weather that devastated Texas electrical grid last week has resulted in skyrocketing natural gas prices in Illinois directly linked to frozen natural gas wells in Texas and Oklahoma.
 
To put the severity of this crisis in perspective, the egregious level of natural gas prices would be similar to a gallon of gasoline rising from the current $2.89 per gallon to $289 per gallon, Heather Viele, General Manager of the Interstate Municipal Gas Agency said. ....

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