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Wis. Gov Announces Backing for Propane Dealers

Updated: 01/27/2014 2:27 PM
Created: 01/27/2014 12:01 PM WDIO.com

MADISON, Wis. (AP) - Gov. Scott Walker announced Monday the state will help propane dealers secure loans to purchase gas and release more money to help low-income propane users.

Wisconsin and other Midwestern states are grappling with a propane shortage and rising wholesale and retail prices. The governor declared a state of emergency on Saturday that clears the way for calling out the Wisconsin National Guard if needed.

On Monday Walker announced the state Wisconsin Economic Development Corporation and the Wisconsin Housing and Economic Development Authority would set aside $8 million to guarantee loans propane dealers take out to purchase gas. Walker also announced the state would release another $8.5 million to help low-income consumers pay for propane.

He also urged people to conserve their propane and track their supply closely.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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