St. Louis Opposes Electric Rate Cut for Noranda
Get Breaking News First
ST. LOUIS (AP) - The city of St. Louis is opposing a request by Noranda Aluminum for state regulators to lower the electricity rates it pays to Ameren Missouri.
A letter sent to the Missouri Public Service Commission this week by an attorney for St. Louis says that if Noranda’s electric rates are lowered, it could result in higher costs for other consumers. City Counselor Michael Garvin says that could cost St. Louis an additional $3 million over 10 years.
Noranda has sought about a 25 percent reduction in the rate Ameren charges at its aluminum smelter in the southeastern Missouri town of New Madrid. Noranda contends Ameren is earning more money than authorized and says a rate cut is needed for the smelter to keep operating.
© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.
MORE LOCAL NEWS:
- Urban Planner Compares St. Louis to Other Big Cities
- The Sports Hub: Scott Miller, ‘The Commish’ Rick Hummel
- Under the Radar Primary Looming For GOP County Executive Race
- July Marks Five Years Since 500 Missouri Dogs Were Rescued
- Lindenwood Faculty Member to Judge Miss Teen USA Pageant
- Billionaire Sinquefield Donates to Candidate Rick Stream’s Campaign