Noranda Aluminum is asking Missouri regulators to lower the price it pays for electricity by about 20 percent, a move Noranda says will enable it to keep operating its massive complex in the southeast part of the state. The Franklin-based company has long been at loggerheads with utility Ameren.
“Since the rate relief requested in this Complaint will allow the smelter to remain viable, and the alternative would cause a significant negative economic impact to the State of Missouri in the form of lost taxes, lost gross domestic product, and higher unemployment benefit payments, the requested rate relief is in the public interest,” the complaint reads.
Noranda has the backing of the United Steelworkers Union and several industry groups, but Ameren is backing a group criticizing the company for seeking special treatment. Not surprisingly, investors like the sound of lower input costs and have pushed Noranda shares (Ticker: NOR) up 8 percent this morning.
SEE ALSO: The company's official statement on the request
Nissan has named veteran employee Toby Perry director of electric vehicle sales and marketing.
Since joining Nissan in 1995, Perry has held various sales and marketing positions with increasing responsibilities in the United States and Europe. Previously, he served as senior manager of business strategy execution.
Perry (pictured) holds a bachelor's degree in international business and marketing from Bradley University.
"With Toby's nearly 20 years at Nissan, the breadth of industry knowledge he brings to this role will be invaluable as we aim to increase visibility of LEAF in new markets," Fred Diaz, senior vice president, Nissan Sales & Marketing, Parts & Service, U.S.A., said in a release. "As the conversation around EVs evolves and Nissan LEAF sales continue to accelerate, we'll rely on his well-rounded experience to keep the momentum going."
- BRASWELL, ROBERT
- GARRETT, JOHNNY C EXECUTOR; GARRETT, JOHNNY C IV EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, TIMOTHY M EXECUTOR
- GARRETT, TIMOTHY M EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, JOHNNY C EXECUTOR; GARRETT, JOHNNY C IV EXECUTOR
- GARRETT, JOHNNY C IV EXECUTOR; GARRETT, JOHNNY C EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, TIMOTHY M EXECUTOR