Noranda power rate effort dealt blow
May 12, 2014 | 03:46 PM
| Nathan Laliberte
NEW YORK Noranda Aluminum Holding Corp.s effort to lower its electric bill was handed a serious setback after a Missouri Public Service Commission (PSC) staff member said the companys rate request fell below the reasonable range of wholesale energy costs.
The Franklin, Tenn.-based aluminum producer had asked the PSC to approve a new rate of $30 per megawatt hour (MWh) for its New Madrid, Mo., smelter, about 27.7 percent less than the $41 to $42 per MWh the company now pays to St. Louis-based utility Ameren Corp. Without the decrease, the company said, it would need....
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