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UPDATE: Governor signs propane loan bill

UPDATED Thursday, March 27, 2014 --- 12:46 p.m.

MADISON, Wis. (AP) -- Governor Scott Walker has signed a bill that creates a new emergency loan program to offset high propane costs.

The Republican-authored measure requires the state to guarantee up to $2,500 in loans to purchase propane or other heating supplies and pay down interest. The borrower's household income can't be more than double the county median household income, however.

Both the Senate and Assembly overwhelmingly approved the measure. The bill was among 30 that Walker signed privately Thursday in Milwaukee.

Wisconsin and other Midwestern states have been struggling with a propane shortage spurred by the severe winter, a temporary pipeline closure and heavy propane demand for drying grain last fall.

Copyright 2014: Associated Press

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UPDATED Tuesday, March 11, 2014 --- 5:50 p.m.

MADISON, Wis. (AP) -- The Wisconsin Senate has passed a bill that would create a new loan program to offset high propane prices.

Under the bill passed Tuesday, the state would guarantee up to $2,500 in loans to purchase propane or other heating supplies and pay down interest. The borrower's household income could not be higher than double the county median household income, however.

The Assembly overwhelmingly approved the bill last month. The Senate's unanimous vote passing it now sends the measure to Gov. Scott Walker for his signature.

Wisconsin and other Midwestern states have been grappling with a propane shortage spurred by the cold winter, a temporary pipeline closure and heavy propane demand for drying grain last fall.

Copyright 2014: Associated Press

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UPDATED Tuesday, March 11, 2014 --- 10:03 a.m.

MADISON, Wis. (AP) -- The Wisconsin Senate is ready to put the finishing touches on a bill that would create a new loan program to offset high propane prices.

The measure calls for the state to guarantee up to $2,500 in loans to purchase propane or other heating supplies and pay down interest. The borrower's household income couldn't exceed 200 percent of their county median household income, however.

The Assembly overwhelmingly approved the bill last month. The Senate is set to take it up Tuesday. Approval would send the bill on to Gov. Scott Walker for his signature.

Wisconsin and other Midwestern states have been grappling with a propane shortage spurred by the cold winter, a temporary pipeline closure and heavy propane demand for drying grain last fall.

Copyright 2014: Associated Press

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UPDATED Thursday, February 20, 2014 --- 7:14 p.m.

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.

Copyright 2014: Associated Press
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UPDATED Thursday, February 20, 2014 --- 7:00 p.m.

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.

Copyright 2014: Associated Press
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UPDATED Wednesday, February 19, 2014 --- 3:08 p.m.

MADISON, Wis. (AP) -- The Wisconsin Legislature's finance committee has signed off on a Republican bill that could create a new loan program to help people struggling with 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 Joint Finance Committee approved the bill unanimously Wednesday, clearing the way for a vote in the full Assembly.

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.

Copyright 2014: Associated Press

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Posted Tuesday, February 18, 2014 --- 9:47 a.m.

MADISON, Wis. (AP) -- A new loan program would be created under a bill introduced by a group of Republican state lawmakers to help Wisconsin residents who are struggling with high prices this winter.

The bill introduced on Monday is scheduled for a hearing Wednesday before the Legislature's Joint Finance Committee.

Loans would be up to $2,500 per person to purchase propane or other heating supplies. The borrower's household income could not exceed 200 percent of the median household income of their county.

Republican sponsors say it would help middle class propane users who don't qualify for low income assistance through another program would be targeted.

Gov. Scott Walker last month declared a state of emergency due to the propane shortage and established a $3 million loan guarantee program to help propane dealers.

Copyright 2014: Associated Press


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