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Ormet awaits relief decision

August 1, 2013

HANNIBAL - Hundreds of Ormet Corp. workers and their families must wait to see if the company will continue operations because its electricity rate dispute and bankruptcy case both remain open....

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(1)

Unitas

Aug-01-13 10:17 AM

If the reporter had bothered to read the motion filed by AEP in the bankruptcy proceedings, the motion was really an objection to the assignment of the current power agreement to the acquiring company, which motion was stayed by the judge. AEP is NOT suing Ormet. Big difference. The $9mm was the current power bill.

This article is full of misstatements of facts.

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