Your Location > Home > News & Market >International News > Noranda requests lower electricity rate for New Madrid smelter in US
Shareholders in Polish aluminium smelter Grupa Kety on Thursday voted in favour of a higher dividend for the 2014 financial year, Kety said in a statement.As a result, Kety will pay a dividend totalling 136 million zlotys ($36.41 million), up from 10...
- Vedanta, Jharsuguda hosts BEE's 1st Know(4/28)
- Press Metal likely to survive the supply(4/28)
- Kenanga maintains "Outperform" on Press (4/28)
- Ball announces plants with greatest sust(4/28)
- Kaiser Aluminum announces preliminary fi(4/28)
Noranda requests lower electricity rate for New Madrid smelter in US
- China Aluminium Network
- Post Time: 2014/2/18
- Click Amount: 279
Noranda Aluminum has requested the Missouri Public Service Commission (PSC) for a rate design change that would reduce electricity costs at its aluminum smelter in New Madrid, Missouri, US.
Supported by testimony of the United Steelworkers Union, community organizations, legislators, Missouri Retailers Association, and the Missouri Industrial Energy Consumers, the filing requests an initial rate of $30/MWh for New Madrid.
Noranda Aluminum chief executive officer and president Layle Smith said, "New Madrid should have competitive power rates to remain sustainable in today's aluminum price environment."
"Noranda respects the Commission's process and seeks to actively participate in this process and to engage in a constructive dialogue with all stakeholders," Smith added.
Under the proposed ten-year rate structure, New Madrid's power rate will not be subjected to fuel adjustment charges, but would share in future rate increases granted to Ameren Missouri by the PSC, subject to a 2% cap for each general rate case.
The rate design requested by the company is revenue-neutral to Ameren Missouri, and is expected to increase other consumers' rates by 1.8% or less.
With the support of various consumer groups, Noranda has requested the Commission to approve the reduced rate on an expedited basis effective August 1, 2014.
- Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China
Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China
Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this.
②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or
accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the
articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey
③If any articles copied by our website concern the copyright and other problems, please contact us within one week.