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Village mulls ownership of gas utility

June 24, 2014

WAYNESFIELD — Waynesfield Village Administrator Fred Rowe announced Monday he is working with the United States Department of Agriculture to fund a $4.8 million project that will allow natural gas to become a village-owned utility.

At a regular board meeting, Rowe said he contacted a bond council firm based in Cincinnati to formulate funding plans that will satisfy the USDA. He said he hopes the council will contact him within the next few weeks with a list of funding scenarios that can be presented to the USDA.

Once a funding plan is presented, the USDA will decide whether or not to loan money to the village for the purpose of owning its own natural gas system.

The plan was presented as an alternative to pursuing natural gas through a private company such as Orwell Natural Gas Co., which was discussed at previous council meetings.

“I want to stress the fact that if the village can own its own utility it would be a tremendous asset, rather than a private carrier doing it,” Rowe told council members.

For the full story, see the Tuesday, June 24 edition of the Wapakoneta Daily News.
 

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