Noranda Aluminum Accuses Ameren Of Excessive Profiting

Photo Courtesy of Ameren
Ameren Missouri has come under fire from its largest customer. | Courtesy of Ameren

Noranda Aluminum Holding Corp., Ameren Missouri’s largest customer, says the utility earned $44.6 million more than legally allowed from October 2012 through September 2013.

Noranda, which operates a smelter in New Madrid, last month filed a complaint against Ameren with the Missouri Public Service Commission, saying the utility made more money than it was allowed. The amount, though, was unknown until Tuesday, when administrative law judge Morris Woodruff unsealed confidential documents that accuse Ameren Missouri of earning more than the 9.8 percent return on equity allowed by the PSC.

Along with its overearnings complaint, Noranda is seeking a reduction in its electric rates, warning it may have to lay off 150 to 200 workers at its smelter later this year if it doesn’t get a break.

Read more from the St. Louis Post-Dispatch

Tags:, , , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students