Ormet wants to build own power plant: filing
Jul 16, 2013 | 02:04 PM
| Michael Cowden
CHICAGO Ormet Corp. has laid out plans to build an on-site natural-gas-fired power plant at its smelter in Hannibal, Ohio, and restart two idled potlines at the facility. If the bankrupt aluminum producer is granted the electricity rates it is currently seeking from Ohio-based utility American Electric Power Co. (AEP) and is allowed to move forward with the project, the power plant would be in operation by 2015, providing sustainable energy prices to the 271,000-tonne-per-year aluminum smelter, the second-largest in the United States, Ormet said in documents filed with the Public Utility Commission of Ohio (Puco). Ormet is currently at loggerheads with AEP as it seeks to, among other things, fix a power rate for the rest of 2013 equal to what it paid in the first quarter of the year as well as permission to buy power on the open....
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