Noranda Announces Electricity Rate Ruling by Missouri Public Service Commission
Franklin, Tennessee - August 20, 2014 - Noranda Aluminum Holding Corporation (NOR) ("Noranda" or the "Company") reported today that the Missouri Public Service Commission has denied Noranda`s request for a lower electricity rate at the Company`s aluminum smelter in New Madrid, Missouri ("New Madrid"). The denial by the PSC does not increase New Madrid`s electricity rate, it only denies Noranda`s petition for a lower rate at this point.
"While we are disappointed with the PSC`s decision to deny Noranda rate relief at this point, we remain committed to transforming our cost structure and to reducing the cost of New Madrid`s electricity," said Layle K. "Kip" Smith, Noranda`s President and CEO. "We will thoughtfully evaluate our alternatives for accomplishing our objectives and provide additional information at an appropriate time."
About the Company
Noranda Aluminum Holding Corporation is a leading North American integrated producer of value-added primary aluminum products, as well as high quality rolled aluminum coils.
Contact
Noranda Aluminum Holding Corporation
John A. Parker
Vice President-Communication and Investor Relations
(615) 771-5734
john.parker@noralinc.com
@NORaluminumIR
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Source: Noranda Aluminum Holding Corporation via GlobeNewswire
HUG#1850176
