We understand that it’s never easy to report on a dispute between two local companies and we appreciate the balanced
way in which you reported the [Sept. 14] Nucor story.
We want to clarify one point and correct another. Our lawyer
estimated that our costs “would at least double” if moved to a firm rate. Actually, our projections indicate that
the immediate increase would be more than 60 percent.
On the other point, we want to correct the statement that
Nucor was on the economic development rate for 10 years. The initial economic development rate was in place for eight years,
through July of 1997. For the last 12 years, Nucor has taken interruptible service under a cost-based rate.
Steel Crawfordsville and our community have together enjoyed great success over the last 20 years. We look forward to many
more years of continuing innovation and production from our plant.
Vice president and general managerNucor, Crawfordsville plant