Wed., 2:19pm: UPDATE- PUCO OKs rate break for Warren Steel
A local idle steel mill has been given a large utility rate break by the Public Utilities Commission of Ohio.
During its regular meeting today, PUCU voted unanimously in favor of the request of Warren Steel Holdings to pay significantly less on its fixed rate utilities.
Warren Steel will receive a $35 million discount over six years, which is part of a larger agreement, which states the mill will also fulfill certain job commitments when it restarts operations. By receiving the rate break, the mill also agrees to certain employment requirements and repair expenditures.
This is a developing story. Complete coverage will appear in Thursdays Tribune Chronicle print and electronic editions.