Emergency legislation tackles soaring utility prices

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Municipal-owned utilities are getting behind new emergency legislation introduced Monday that would give them relief from soaring gas and electric prices during the recent cold snap that led to rolling blackouts to conserve energy.

The bill would allow the cities to borrow money from the state to cover extraordinary electric or natural gas costs that will hit their budgets as a result of subzero temperatures last month that led to a short-term energy crisis.

The bill would make available up to $100 million for the . . .

SSJ

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