KANSAS (KSNT) – In February 2021, many southern states were struck with exorbitant gas bills when utility providers struggled to keep up with energy and natural gas demand during Winter Storm Uri.
From Feb. 9 to Feb 19, the cost of natural gas increased 15,000% from $4 per MMBTU to over $600 per MMBTU. During that time, electric energy costs increased from roughly $25 per MWh to over $3000 per MWh, according to Garden City Director of Public Works and Utilities Mike Muirhead.
In March 2021, Governor Laura Kelly and the Kansas Legislature established the City Utility Low-Interest Loan Program allowing up to $100 million to be loaned to cities across Kansas following Winter Storm Uri. Cities were given up to 10 years to repay the loans on non-fixed interest rate loans at 2% below market interest rates.
In total, 54 cities and one municipal energy agency submitted applications for the City Utility Low-Interest Loans agreement, according to the Kansas Treasurer’s Office.
Garden City had the largest loan agreement at $10,074,199 and decided to pass the impact onto all customers based on usage over a period of time rather than a ‘huge’ increase all at once, Muirhead said.
“The price of the two (electric and gas utilities) impacted the City of Garden City’s electric utility by roughly $10m,” Muirhead said. “The Governing Body entered into a loan agreement with the State of Kansas on March 17, 2021 for the $10m and continues to pay down the loan as agreed upon.”
As of Jan. 3, 2023, Kansas still has a remaining loan balance of $50,572,454 of a total issued $78,409,646. Seven cities have since repaid their loans.
Money owed on City Utility Low-Interest Loans as of Jan. 3, 2023.
City or Municipal Energy Agency | Loan Amount | Current Loan Balance |
City of Alma | $501,450 | $92,012 |
City of Altamont | $727,592 | $346,524 |
City of Argonia | $294,095 | $246,940 |
City of Arma | $401,281 | $330,001 |
City of Belleville | $600,000 | $416,120 |
City of Burlingame | $810,000 | $680,121 |
City of Burrton | $500,000 | $419,830 |
City of Cassoday | $181,272 | $127,842 |
City of Cawker City | $100,000 | $53,939 |
City of Cheney | $1,472,116 | $1,179,956 |
City of Chetopa | $250,000 | $209,921 |
City of Denison | $150,000 | $106,537 |
City of Eskridge | $1,158,730 | $978,253 |
City of Fredonia | $700,000 | $561,099 |
City of Garden City | $10,074,199 | $8,459,214 |
City of Garnett | $2,900,000 | $2,324,442 |
City of Halstead | $2,000,000 | $1,679,323 |
City of Hesston | $5,330,000 | $4,383,115 |
City of Howard | $496,039 | $397,596 |
City of Humboldt | $1,500,000 | $1,202,314 |
City of Jamestown | $300,000 | $251,898 |
City of Kechi | $970,377 | $814,789 |
City of Kingman | $400,000 | $328,932 |
City of La Harpe | $140,714 | $118,155 |
City of Little River | $397,259 | $318,411 |
City of Louisburg | $2,639,994 | $2,116,054 |
City of Lyons | $3,000,000 | $2,467,061 |
City of Mcfarland | $76,844 | $64,522 |
City of Mclouth | $281,000 | $187,694 |
City of Montezuma | $200,000 | $160,304 |
City of Morland | $87,000 | $60,050 |
City of Moundridge | $1,777,477 | $1,461,715 |
City of Neodesha | $413,747 | $1,805 |
City of Neodesha | $411,253 | $273,738 |
City of Norton | $572,741 | $271,126 |
City of Oberlin | $312,950 | $130,687 |
City of Osage City | $1,650,000 | $1,385,442 |
City of Osawatomie | $700,000 | $561,099 |
City of Partridge | $110,831 | $93,060 |
City of Pratt | $2,775,686 | $2,330,605 |
City of Rozel | $205,382 | $168,895 |
City of Seneca | $695,306 | $571,803 |
City of Spearville | $250,000 | $150,288 |
City of Sylvia | $149,133 | $119,918 |
City of Uniontown | $80,000 | $27,595 |
City of Walton | $215,000 | $172,331 |
City of Winfield | $8,460,234 | $6,770,361 |
City of Winfield | $54,560 | $54,560 |
Kansas Power Pool | $18,000,000 | $4,944,431 |
Sub-Total: | $75,474,269 | $50,572,454 |
City of Auburn | $130,000 | Loan Repaid |
City of Blue Mound | $82,000 | Loan Repaid |
City of Cimarron | $597,836 | Loan Repaid |
City of Dighton | $200,000 | Loan Repaid |
City of Ford | $63,000 | Loan Repaid |
City of Lindsborg | $775,000 | Loan Repaid |
City of Ottawa | $1,087,541 | Loan Repaid |
Total: | $78,409,646 | $50,572,454 |