Idled Warren plant wants break on electricity rates to resume pr - 21 News Now, More Local News for Youngstown, Ohio -

Idled Warren plant wants break on electricity rates to resume production

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WARREN, Ohio -

Owners of a shutdown Warren steel plant said they need a break on utility rates to resume operations and increase production.

Warren Steel Holdings has filed a request with the Ohio Public Utilities Commission seeking a one-third reduction in it's per megawatt hour cost.

When Warren Steel Holdings shutdown operations in late March, the company said it was due to a number of factors, but was primarily caused by high energy costs.

"They have many contracts that they can fill, but the electric rates are so expensive that they can't make a profit," said Frank Fuda, Trumbull County Commissioner.

In documents filed with the PUCO, the company said that the rate it was paying for electricity was much higher than that of its predecessor, CSC Steel or any of it's competitors.

Warren Holdings said competitive electric pricing would enable the plant to invest in upgrades and increase production to one-million tons a year.

Warren Steel has a workforce of nearly 200 and an annual payroll of  $15-million. The company said it needs a competitive electric rate in order to remain in business.

"We're appealing to the public utilities commission to try to give them rates that are favorable to them," explained Fuda.

No time table was given for action by the PUCO.



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