City leaders officially declared an “extraordinary financial emergency” for Humboldt Monday night in response to recent spikes in natural gas prices. Residents and businesses can expect an 80% increase in their per unit usage charges in statements issued later this week, Cole Herder, city administrator, told council members… Humboldt is on the hook for an immediate $49,022 payment to KMGA to go toward a $1 million advance payment that one of the consortium’s suppliers demanded during the crisis. KMGA uses about 20 suppliers. Herder said one of those suppliers told KMGA that in order to reserve $30 million worth of gas for the weekend, it must pay $1 million in advance.
Source: The Iola Register
