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MO Legislators Pass Bill To Lower Rates for Major Electricity Users

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MO Legislators Pass Bill To Lower Rates for Major Electricity Users

JEFFERSON CITY (AP) Missouri lawmakers have passed a proposal in a special session that supporters hope will bring hundreds of jobs to the southeastern part of the state. Senators voted 24-5 on Friday to send the measure to Gov. Eric Greitens. The bill will allow aluminum smelters, steel mills and other major electricity users to […]

MO Legislators Pass Bill To Lower Rates for Major Electricity Users

JEFFERSON CITY (AP) Missouri lawmakers have passed a proposal in a special session that supporters hope will bring hundreds of jobs to the southeastern part of the state.

Senators voted 24-5 on Friday to send the measure to Gov. Eric Greitens. The bill will allow aluminum smelters, steel mills and other major electricity users to negotiate lower electricity rates for longer contracts than is allowed under current law.
It is designed to lure two companies to New Madrid in southeastern Missouri. It’s a region that has struggled economically since the Noranda aluminum smelter closed last year when it filed for bankruptcy.

The bill received relatively widespread support, but some lawmakers were concerned that residential customers could face higher electricity rates to offset the special discounts for big manufacturers.

Governor Greitens is hinting he may call them back again this summer for another session. The governor told The Associated Press Friday he is “leaving every option on the table” and has a lot of topics that could be considered for a future special session.

 

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