Energy-Binging, Bankrupt Aluminum Manufacturer Hopes to Set Own Energy Rate
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Energy-Binging, Bankrupt Aluminum Manufacturer Hopes to Set Own Energy Rate

Date: April 5, 2016
By: Jack Morrisroe
State Capitol Bureau
Links: HB 2689

Intro: 
A Southeastern Missouri Representative asked members of the House Tuesday to save a town in his district.
RunTime: 0:40
OutCue:  SOC

Wrap: The measure would allow an aluminum manufacturer and its energy suppliers to work together to set an energy rate, as well as introduce major rate restructuring to Missouri's energy infrastructure.

The bill's proponents say New Madrid needs the factory working to keep its citizens employed.

Actuality:  RONE.WAV
Run Time: 00:11
Description: The impact that this has had on New Madrid R-1 School District is 3 to 3.5 million dollars. That's roughly a third of their budget.
Opponents argued the bill's changes to the energy rate-structure are too severe.

The bill must be approved once more in the House before moving to the Senate.

Reporting from the state Capitol, I'm Jack Morrisroe.

Intro: 
Missouri Democrats argued against a bill that would raise energy prices across the state.
RunTime: 0:44
OutCue:  SOC

Wrap: The measure would allow an aluminum manufacturer and its energy suppliers to work together to set an energy rate, introducing major rate restructuring to Missouri's energy infrastructure.

Because New Madrid's aluminum factory has gone bankrupt, representatives are pressing for energy-rate restructuring to save the manufacturer, Noranda.

However, that restructuring would shift costs to the energy company's smaller consumers, including St. Louis citizens.

Proponents of the measure said Ameren energy consumers would feel the impact of Noranda's fall either way. The aluminum company consumes 10% of all energy produced by Ameren.

The bill must pass another House vote before moving to the Senate.

Reporting from the state Capitol, I'm Jack Morrisroe.