(AP) – Missouri Governor Eric Greitens has enacted a new law allowing
utility regulators to approve lower electricity rates to lure metal manufactures
to Missouri.Greitens said Thursday that he has signed legislation that had been passed
last month during a special session he called.
utility regulators to approve lower electricity rates to lure metal manufactures
to Missouri.Greitens said Thursday that he has signed legislation that had been passed
last month during a special session he called.
The law is intended to entice a steel-works facility and aluminum smelter to
open near the southeastern Missouri town of New Madrid. But the special
electricity rates also could be sought by other new or expanding businesses that
use large amounts of power.
A business from India is looking at opening a steel mill that could create
more than 200 jobs in New Madrid.
A Switzerland-based company also is considering reopening part of the former
Noranda aluminum smelting facility that closed last year.
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