Ohio officials back Warren’s power rate request
Jun 25, 2014 | 02:20 PM
| Michael Cowden
CHICAGO Ohio politicians have thrown their weight behind Warren Steel Holdings LLCs bid for a lower power rate, arguing that cheaper electricity is necessary if the plant is to avoid shutting down.
The Warren, Ohio-based electric-arc furnace steelmaker needs a power rate that will "level the playing field" with other producers, Sen. Sherrod Brown (D., Ohio) and Rep. Tim Ryan (D., Ohio) said in a June 20 letter to the Public Utilities Commission of Ohio (PUCO).
"Without a competitive power rate, the company has no plans to restart operations. A plant closure would be devastating to the local economy," they said in the letter.....
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