Ormet halts output at Hannibal smelter
Oct 04, 2013 | 06:19 PM
| Michael Cowden
CHICAGO Aluminum producer Ormet Corp. said it cannot emerge from bankruptcy after failing to secure a more favorable power rate from Ohio regulators, and is shutting down operations at its Hannibal, Ohio, smelter, which will impact more than 600 workers, it said Oct. 4.
Ormet lashed out at the Public Utilities Commission of Ohio (PUCO) for not granting the company what it considered a rate plan that would have allowed it to operate while building its own on-site natural gas power plant.....
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