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Ameren, Noranda Aluminum and taxpayers square off on electricity rates

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ST. LOUIS (KTVI) - Tuesday night the Public Service Commission is hearing public input on two cases Noranda, a Tennessee based Aluminum Company filed against Ameren Missouri in February. One is an allegation of over-charging which according to Ameren Missouri, is without merit. The second is a rate shift request by Noranda which would result in a subsidy of increases to customers.

It`s costing the City of St. Louis over $90 million dollars, that`s why the city is opposed to this plan.  At stake, an increase in electric rates of around a half-billion dollars over a 10 year period.

According to Vice President of Communications at Ameren Missouri Warren Wood, he said,

"When you take a look at these two suits, you can clearly see that it`s a coordinated effort by a hedge fund company, to extract millions of dollars out of customer's pockets and send it to a hedge fund in New York.

Noranda is the second highest paying smelter plant in the country and they want to be more competitive.

Right now Noranda pays $41 dollars per mega watt an hour, Ameren Missouri claims they have been giving Noranda the lowest electric rates of any Missouri customer; more than 60% lower than residential customers, but Noranda still has to lay people off.

Noranda says that if they were to shut down, Ameren Missouri customers would lose more money in the long run.

The Public Service Commission committee will hear from both sides Wednesday and next week in Jefferson City, with a decision to be announced in a few weeks.

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3 comments

  • TheREALByeBye2TheSickoRite

    The Ameren spokesman is partly correct – this IS an attempt to tap the taxpayer for huge profits for the richest 1%, at taxpayer expense, as usual in these days of Tea Party tax cuts for the wealthy.

    But they’re BOTH big corporations run by the 1%, and they’re BOTH in it for the profits at worker’s expense, so here’s how it really is working…

    Ameren simply MUST make their millions in profits so their rich can get richer. Of course, Noranda also MUST make millions in profits so THEIR rich can get richer. And because our “Public Service” Commission (term used loosely here) is run by Republicans, of COURSE they CAN’T possibly take any of this money from the richest 1% who increased their incomes a whopping 31% OVER inflation over the last 4 years (while we little people gained just .5%)!!

    So, as usual, we ordinary taxpayers WILL pay higher taxes so these two groups of the wealthiest can get richer!

    And some of you still support Republicans? Especially the few of you Tea Party Republicans who actually work for a living? Shame on you for being so miserably out-of-touch with reality – you’re supporting thieves with their hands in your pockets! Even many of you retired Tea Partiers living on the taxpayer dime while complaining about other people living on the taxpayer dime are subsidizing these big corporations at your expense – but too dimwit to see that.

    Oh, that’s right, it’s all lazy POOR people on welfare costing us taxpayers, right? Well, they didn’t post 31% gains in income over the last four years – the rich did, so it’s OBVIOUS where the money is going, to those actually paying attention. If you just listen to Rush or O’Reilly or Sarah, well of course you’re going to be sadly suckered into their lies, while they shove more corporate profits up their behinds at YOUR expense.

    Companies as THESE are the ones costing you and me, not the poor. Better figure that out quick, right-wing suckers, before they steal everything we’ve got.

    • Mascoutan

      Well done. You prove yourself to be a perfect parrot for the no-information, la-la-world, mentally devoid Dimocrats with every unintelligible post. Here’s another perfect example of lunacy, fully supporting the diagnosis that liberalism is a mental disease.

  • Anonymous

    @TheREALByeBye2TheSickoRite
    “And because our “Public Service” Commission (term used loosely here) is run by Republicans, of COURSE they CAN’T possibly take any of this money from the richest 1% who increased their incomes a whopping 31% OVER inflation over the last 4 years (while we little people gained just .5%)!!”

    Possibly the most ridiculous thing you wrote (I say possibly because it was difficult to choose just one). Apparently you have no idea how our state government works. The Public Service Commission comprises commissioners that are appointed by the Governor. Last time I checked, Jay Nixon was a Democrat, and he sure as heck isn’t stacking the Commission with the opposition party.

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