Wal-Mart backs Noranda’s power rate

May 13, 2014 | 04:42 PM | Nathan Laliberte

Tags  aluminum, Noranda Aluminum Holding Corp., Wal-Mart Stores Inc., electricity, power rate cut, smelter, New Madrid, Mo. Steven W. Chriss

NEW YORK — Wal-Mart Stores Inc. is in favor of Noranda Aluminum Holding Corp.’s push for a lower electricity rate in Missouri, citing the severe economic impact on the region should the company’s New Madrid, Mo., smelter close.

"Noranda’s departure from the system could have an even greater impact to the remaining customers than the $47.7 million revenue shortfall estimated in this docket," Steve W. Chriss, a senior manager at Bentonville, Ark.-based Wal-Mart, said in testimony filed with the Missouri Public Service Commission (PSC) May 9, adding that the company....

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