Power regulators reject Noranda rate relief

Aug 20, 2014 | 02:33 PM | Nathan Laliberte

Tags  Noranda Aluminum, PSC, Ameren, rate request, Robert S. Kenny, Nathan Laliberte

NEW YORK — Noranda Aluminum Holding Corp.’s request for a lower electricity rate has been rejected by the Missouri Public Service Commission (PSC).

The PSC voted unanimously in favor of keeping the existing rate structure for the New Madrid, Mo., smelter, noting that Noranda’s claim of pending financial woes due to elevated power rates did not meet the burden of proof.

"We were not persuaded that Noranda’s liquidity crisis was justified," PSC chairman Robert S. Kenney said during an Aug. 20 meeting. "We felt the case was not made for a change in the rate design." ....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results