Noranda mulling options in bid for reduced power rate
Feb 19, 2014 | 06:17 PM
| Michael Cowden
CHICAGO Noranda Aluminum Holding Corp. has options if Missouri regulators do not approve a lower electricity price for the company.
The Franklin, Tenn.-based aluminum producer will give its current rate petition process with the Missouri Public Service Commission a "full go" and believes that route is the best for receiving a "sustainable" power price, Noranda president and chief executive officer Layle K. "Kip" Smith said during an earnings conference call with analysts Feb. 19.
"But we are going to take the actions that are necessary for our survival. And if this case were not adjudicated in our favor, we would ... look at other alternatives," Smith said.....
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