JEFFERSON CITY, Mo. — Noranda, an aluminum smelter based in New Madrid, is the largest employer in Southeast Missouri with over 888 employees. Located in the St. Jude Industrial Park, the plant covers over 3000 acres with more than 40 acres under roof. Electricity is one-third of all operational expenses for Noranda; last year they paid Ameren $160,000,000 for electricity. Ameren’s rate to Noranda has increased by 40% since 2007, and more than $44M since 2009. Noranda requested the Public Service Commission to reduce their electric rate from Ameren stating that without a reduction it would be difficult for them to keep the factory open. There’s been an epidemic of aluminum smelter shutdowns over the recent years as 32 smelters
Aug 11,