Your Location > Home > News & Market >International News > Noranda requests lower electricity rate for New Madrid smelter in US
Aluminium Bahrain B.S.C. (Alba), one of the world’s leading international aluminium smelters, was a key sponsor of the Commodity Research Unit (CRU)’s 21st World Aluminium Conference that took place from 9 to 11 May 2016, at the Westin Bu...
- EGA to launch construction of 12 mtpa ba(6/24)
- Alumina Ltd firm on seeking relief from (6/24)
- Aluminium Bahrain seeks $750 mln loan fo(6/24)
- Global aluminium pigments market to reac(6/24)
- Kirkby Tyres launches Accuride forged al(6/24)
Noranda requests lower electricity rate for New Madrid smelter in US
- China Aluminium Network
- Post Time: 2014/2/18
- Click Amount: 364
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.