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February 13, 2014
08:20 EDTNORNoranda announces filing with MO Commission to lock in lower electricity rate
Noranda Aluminum announced that its wholly owned subsidiary Noranda Aluminum has filed with the Missouri Public Service Commission a request to change the rate design for Ameren Missouri customers. The filing is supported by testimony of the United Steelworkers Union, community organizations and legislators. The filing is also supported by the Missouri Retailers Association, which includes large commercial consumers, and the Missouri Industrial Energy Consumers, representing large industrial consumers. The filing requests a rate design change that would reduce electricity costs at the company's aluminum smelter in New Madrid, Missouri. The company's filing requests an initial rate of $30 per megawatt hour for New Madrid. Under the proposed ten-year rate structure, New Madrid's power rate would not be subject to fuel adjustment charges, but would share in future rate increases granted to Ameren Missouri by the Commission, subject to a two percent 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.
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