MADISON, Wis. (AP)-- The Wisconsin Assembly has passed a bill that would create a new loan program to offset high propane prices.
Under the bill, the state would guarantee up to $2,500 in loans to purchase propane or other heating supplies and pay down interest on the loans. The borrower's household income couldn't exceed 200 percent of their county median household income.
The Assembly approved the bill 94-1 Thursday. The proposal now goes to the state Senate.
Gov. Scott Walker last month declared a state of emergency due to the propane shortage and established a $3 million loan guarantee program for propane dealers.
The governor announced Thursday that Madison Gas and Electric and We Energies have agreed to let the state access about 87,000 gallons of propane to help people on low-income assistance.
MADISON, Wis. (AP) --Gov. Scott Walker says utilities will make propane available to help low-income people in Wisconsin dealing with the propane shortage.
Walker announced the agreement Thursday with Madison Gas and Electric and We Energies.
The agreement will give the state access to more than 117,000 gallons of propane stored at those utilities.
Under the agreement, the state can access up to 42,000 gallons of propane stored at We Energies' Oak Creek facility, with the possibility of an additional 30,000 gallons from We Energies' Tomah facility. Madison Gas and Electric is providing up to 45,000 gallons of propane.
Any propane the state requests will be deployed to help meet the needs of residents qualifying for low-income assistance. The state will replace the propane reserves when the heating season is over.
MADISON, Wis. (RELEASE FROM OFFICE OF GOV. SCOTT WALKER)--Today, Governor Scott Walker announced an agreement between the State of Wisconsin, Madison Gas and Electric (MG&E), and We Energies that will allow the state to access more than 117,000 gallons of propane currently stored at these utilities to help address the current propane shortage.
“We are grateful to Madison Gas and Electric and We Energies for helping us address the needs of our citizens in this challenging time, and it is yet another example of the power of public-private partnerships,” Governor Walker said. “We will use the propane from these companies as a contingency plan to help meet the need of low-income citizens in areas of our state where the supply is constrained.”
Under the arrangements with the utilities, the state can access up to 42,000 gallons of propane currently stored at We Energies’ Oak Creek facility, with the possibility of an additional 30,000 gallons from We Energies’ Tomah facility. Madison Gas and Electric is providing up to 45,000 gallons of propane from its facility in Prairie du Chien. Any propane the state requests will be deployed to help meet the needs of citizens qualifying for low-income energy assistance, and will be replaced by the state in the non-heating season.
The state will contract for transportation of the propane from the utility sites to propane dealers where supply is needed to provide heating fuel for low-income customers. Both utilities’ supply will be replenished this summer. Utilities use propane for a variety of purposes including backup fuel and natural gas supply augmentation.