Ohio senator voices support for Ormet
Aug 30, 2013 | 04:41 PM
| Michael Cowden
CHICAGO Sen. Sherrod Brown (D., Ohio) is calling on the Public Utilities Commission of Ohio (PUCO) to support Ormet Corp. as the bankrupt aluminum producer testified recently in a regulatory hearing before the commission that could determine whether it remains operational.
Browns backing comes as the Hannibal, Ohio-based companys top executive predicted it could return to profitability in late 2014 or 2015.
High electricity costs and low aluminum prices have forced Ormet to consider a permanent closure of its Hannibal smelter, a move that could see some 1,000 workers lose their jobs, Brown wrote in a letter to PUCO dated Aug. 27.....
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