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Keeping Ormet Plant in Business

August 25, 2013

Simple, basic fairness may be all the Ormet aluminum plant at Hannibal needs to survive. Whether the company can obtain it appears to be up to the Public Utilities Commission of Ohio....

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(12)

LogHog

Aug-25-13 9:02 AM

I still have the same question. Why does Grandma on a fixed income have to pay more on her electric bill, so Ormet can get cheap rates? Employees union and non union and the plant have been riding on the backs of lower income people and the Govt. for yrs. If Ormet can buy their electric elsewhere great, do it. But get off grandma's back. She doesn't have the money either.

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richardwhee

Aug-25-13 11:39 AM

What a joke; We, the US keeps yapping about a level playing field. Does other countries give breaks to thier companies? If you can not compete, get out out of the market. This company has been sokd, resold, merged and more. What exactly is the problem? company greed, union greed or local gov greed for more taxes?????

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atoddh

Aug-25-13 12:36 PM

if power is available off the grid for less why not buy it now?

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atoddh

Aug-25-13 12:41 PM

Yes log . As with Century, it is unlikely Ohio will approve public support of Ormet. The solution is deeper cuts in payroll and pensions from the direct beneficiaries of Ormet. Power is a "raw material." The public did not pay for said for steel to save it.

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atoddh

Aug-25-13 2:43 PM

Why is the NR-a right wing institution-supporting a tax of sorts on the Ohio public to support a private business???

I recal my grandfather telling me his firm in the Depression came to the staff and offered either(1.) a 50% cut in staff or(2.) retention of all staff @ 50% pay. They voted on the later proposal. WWII saved the Wheeling business. Ormet needs to approach its staff/retireees with a similar plan.

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caltransplant

Aug-25-13 11:19 PM

@Richard whee "Does other countries..." My six year old niece uses better grammer.

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Ragnar

Aug-26-13 6:30 AM

Ormet is already receiving discounted rates-and not paying for the electricity it does use-and still cannot survive in the marketplace.

This subsidy will be paid by individuals so that a private equity group can buy Ormet for basically nothing (they are not actually putting up that much cash) and the local USWA can continue its' tradition of taxpayer subsidies.

Ormet is dead. Let it go out of business if it cannot produce a product that people want or need at a cost at which it can turn a profit.

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dyingov

Aug-26-13 7:32 AM

caltransplant, this is a blog, we tend to forgive grammar mistakes if we understand the message!

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electrichead03

Aug-26-13 8:30 AM

People your rate are gonna skyrocket if ormet doesn't run! AEP will get the money they lose somewhere!

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richardwhee

Aug-26-13 2:16 PM

CALTRA- Sorry, I went to school in Wheeling. Does that explain it?

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atoddh

Aug-26-13 10:44 PM

Rag is very correct and clear on this. The only solution may be for staff to take a 50% pay cut to compensate for the electric costs. Not sure of their costs but that should do it. Also the retirees. The beneficiaries of the operation need to contribute ;not the public or AEP shareholders.

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electrichead03

Aug-26-13 11:24 PM

Lol 50% paycut...I would like to see you come do that job for half of what we make...

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