- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)44
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)6
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Law firm requests information about Cape's traffic cameras (04/25/16)2
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
- Police report filed, but no charges in incident at Cape Central (04/29/16)35
- Tanker truck catches fire near Oak Ridge (04/24/16)7
- Local company makes eco-friendly kitty litter that cuts cat-box smell (04/25/16)
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
Noranda says it pays too much for power, study says company pays too little
NEW MADRID, Mo. (AP) -- Noranda Aluminum Inc., one of the state's largest power users and an economic engine in southeast Missouri, says its electric rates are unfairly high. The company claims the rate increases are threatening its viability.
However, a study from the Missouri Office of Public Counsel showed that Noranda pays less than its fair share and that its rates are too low.
The St. Louis Post-Dispatch reports that Franklin, Tenn.,-based Noranda has challenged every rate increase that Ameren Corp. has sought.
Now Noranda's chief executive, Kip Smith, warns that continued hikes threaten the smelter, which generates millions of dollars in wages and revenue.
Business leaders and officials say southeast Missouri would be crippled if it lost the smelter. But they say that's unlikely to happen because of the company's huge investment.
Information from: St. Louis Post-Dispatch, http://www.stltoday.com