Fulton City Council to Receive Update on Natural Gas Financial Crisis

Fulton City Council to Receive Update on Natural Gas Financial Crisis

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FULTON, Mo. (KMIZ)

Fulton City Council is set to get an update on the “financial catastrophe” caused by soaring natural gas prices last week.

The meeting is set for 6:30 p.m. at Fulton Town Hall. The council held an emergency meeting the previous Tuesday on the issue caused by frozen wellheads across the country after the polar vortex.

The town of Fulton has had to shell out more than $ 3 million from its gas reserve fund to pay for the price of commodities, set by wellhead operators in other parts of the country. The city’s reserve was around $ 5 million and was around $ 1.8 million after just four …

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