Capitol Comments Articles
New Loan Relief Program for Wholesale Natural Gas Customers Added
Gas Service (April 8, 2021) – Today, conferees from the Senate Financial Institutions, Insurance Committee, House Financial Institutions and Rural Development met to discuss bills in conference. The committee agreed to add to Senate Bill 86, a low-interest loan program designed for wholesale natural gas customers who experienced price spikes during the February weather events. The new program is capped at $500,000 with three-year loans having a max interest of 3.25 percent, with an annually calculated rate. The Conference Committee Report containing the program now goes before the House and Senate chambers.