Noranda Aluminum Holding Corp., Missouri’s biggest electrical consumer, complained to state regulators that Ameren is overcharging its customers and should cut rates for everyone.
The company said Ameren is earning a profit margin wider than the 9.8 percent allowed by the Public Service Commission. In a second complaint, Noranda asked for a 25 percent cut in the electric rates Ameren charges for power at its New Madrid smelter so it won’t have to lay off 150 to 200 of its 900 employees. If the PSC approved that cut alone, rates for Ameren’s other residential and commercial customers would rise instead of fall.
An Ameren spokesman questioned the assertion that jobs are at stake and said Noranda in effect wants to pass on the cost of its rate cut to the utility’s other customers.