St. Louis Opposes Electric Rate Cut for Noranda
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 This material may not be published, broadcast, rewritten or redistributed.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:
- MU Frat Members Arrested in Hazing Incident
- William Cosby Acquitted in Murder Trial Do-Over
- Mizzou Buyout Offer Frees up Big Bucks
- Mosby Building Arts Home Improvement Show
- Winter Solstice Event Sunday at Cahokia Mounds
- Off-Duty Firefighters Rescue Victims From Burning Car