The City of Lebanon is one of many communities that have an agreement with the Missouri Public Utility Alliance and may benefit from the Municipal Utility Emergency Loan Program which was added into the budget for the State of Missouri. The loan program became necessary to address extraordinary costs related to the extreme cold that caused the electric costs to skyrocket between February 10th and February 20th. Lebanon Public Works Director Richard Shockley said the application has been submitted and if approved, it could mean significant savings for the City of Lebanon
Without the Municipal Utility Emergency Loan Program, the City of Lebanon will pay over $137-thousand-dollars a month. The loan application period opened on June 2nd and will be awarded on a first come first served basis to natural gas or municipal electric or municipal utility commission. The State has budgeted $50-million-dollars for the no interest loans.