A Hendersonville-based revenue cycle manager has taken over some of the billing services work of a Missouri hospital owned by the Mercy network. Xtend Healthcare's contract comes as Mercy officials reportedly laid off about 40 people at the 886-bed hospital. Read more here.
Noranda Aluminum Holding leaders have finalized $15 million in funding that will let them complete a rod mill expansion at the company's complex in New Madrid, Missouri. Franklin-based Noranda announced its plans almost three years ago and had initially hoped to complete the project this year. It will now be wrapped up next spring. Check out the details here.
Noranda Aluminum executives this week said they have crafted (with various consumer groups) a new plan to lower the cost of the massive amounts of electricity it uses at its Southeast Missouri manufacturing plant. The Franklin-based company and utility Ameren have been at loggerheads over the cost for years and Noranda last year cut 125 people after a previous rate cut plan was voted down. The new compromise proposal would have Noranda pay $34 per megawatt hour, down from the $41 it is now paying Ameren and up more than 10 percent from the $30 for which it was pushing last summer.
Noranda Aluminum Holding executives, their industry allies and the Missouri Office of Public Counsel are trying again to lower the Ameren electricity bill at the Franklin-based company's massive plant in Southeast Missouri. The coalition has tacked a rate compromise proposal onto an existing Missouri Public Service Commission case wherein Ameren is asking for a rate increase. Regulators didn't give that plan a hearing when it was submitted as part of another case this summer, saying it was submitted too late in the process.
SEE ALSO: Our other recent Noranda coverage
Missouri regulators have denied a request by Noranda Aluminum Holding and the Missouri Office of Public Counsel to take a closer look at a compromise proposal to lower the electricity bill Noranda must pay at its large New Madrid manufacturing complex. The Missouri Public Service Commission did say the Franklin-based company can resubmit its plan in January, but spokesman John Parker says that means any rate relief won't come until mid-2015 at the earliest.
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