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Correction: Ormet power costs up by $4.81/MWh

Keywords: Tags  Ormet, power costs, correction, aluminum, nonferrous, Michael Cowden

Due to a reporting error, an article in the May 21 edition incorrectly stated the increase in Ormet Corp.’s power costs following a second-quarter rate adjustment on March 1.

The company’s rate rose by $4.81 per megawatt hour (MWh), representing a total cost increase of about $1.7 million per month with Ormet operating at full capacity.

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