Ormet gets green light to defer bill payment

Aug 22, 2013 | 11:05 AM | Michael Cowden

Tags  Ormet, Public Utilities Commission of Ohio, Puco, American Electric Power, AEP, electricy, rate negotiations, electric bills bankruptcy

CHICAGO — Ormet Corp. has been given permission to defer payment of its August and September electricity bills to utility American Electric Power Co. Inc. (AEP).

The bankrupt Hannibal, Ohio-based aluminum producer may push back a $5-million payment for its August bill and as much as $5.5 million for its September bill, the Public Utilities Commission of Ohio (PUCO) said in an order dated Aug. 21, overruling arguments by AEP that Ormet should pay its electric....

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