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May 24, 2017JEFFERSON CITY, Mo. | By: AP
A Missouri House committee has endorsed a bill authorizing discounted electric rates for steel and aluminum production facilities after removing a more controversial provision. The revised bill is expected to be considered today by the full House after the chamber's utilities committee voted yesterday to advance it.
Lawmakers are meeting in a special session called by Gov. Eric Greitens to consider electric rate incentives that supporters say could lead to hundreds of jobs if a steel-works facility and aluminum smelter locate near the southeast Missouri town of New Madrid. The lower rates for those facilities could be offset with higher costs for other customers.
Committee members removed another section of the bill that would have let the Public Service Commission consider new reasons for rate increases for electric companies.