century aluminum 300HOPKINS COUNTY, Ky. (5/3/13) – The agreement between Century Aluminum and Big Rivers Electric Corporation was reached tentatively to build the framework that will provide market priced power to Hawesville Smelter, located in Hancock County.
 
Under the provision, the electric corporations would purchase the power on the open market and then pass it through Century at market price, plus the additional costs that is acquired by them. However, this should not have any impact on the current rate proposal of Big Rivers or the related flow-through rate proposal of Kenergy. Both are currently pending before the Kentucky Public Service Commission. The definitive agreements of the framework are still subject to negotiations and approvals from other third parties. These parties intend to move quickly as possible to finalize the agreement before the expiration of the current power contract, which will be up in mid to late August of this year.
 
Hawesville Smelter currently has a rated capacity of 244,000 tons of aluminum and employs 650 women and men. “This is a great step toward saving 3000 jobs! I hope the Governor’s office and the PSC will work to make this a reality,” expressed State Representative, Ben Waide.
 
Century Aluminum is the parent of the Century Aluminum of Kentucky and owns primary aluminum is both the United States and in Iceland. Big Rivers Electric Corporation is a customer (member) owned, not-for-profit wholesale electric generation and transmission corporation, which is also owned by three distribution cooperative members. The member cooperatives are able to deliver retail electric power and energy to over 113,000 commercial, residential and industrial customers in 22 western Kentucky counties.
 
Legislation was in the works to allow the region’s two smelters; Century Aluminum and Rio Tinto in Sebree to buy their electricity at wholesale prices on the open market. State Representative Jim Gooch stated, “We wanted to let both parties know the legislature is interested.” He also added, “There’s no question this is really good news. Aluminum is very important. The usage is expected to double in the next decade.”
 
Amber Mena
SurfKY News
Photo provided by SurfKY Graphics

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

Weather Sponsored by

1 DOW 16,102.38
-272.38 (-1.66%)    
2 S&P 1,921.22
-29.91 (-1.53%)    
3 NASDAQ 4,683.92
-49.58 (-1.05%)    

Stock Report Sponsored by

In Other News...

‘Drive Sober or Get Pulled Over’ Campaign Targets Drunk Drivers

OWENSBORO, Ky. (9/3/15) — The Owensboro Police Department has been out in force again this year as part of the National… Read More

OPD Seeking Identity of Man that Jumped off Boat Ramp

OWENSBORO, Ky. (9/4/15) — According to an Owensboro Police Department report, OPD responded to a disturbance at English… Read More

Most Read This Week

September 04, 2015 20505

UPDATE: Attack on WKP Never Happened, Say Police

by SurfKY News
August 31, 2015 6874

Man Convicted of Hopkins Countian's Death Granted…

by Doreen Dennis, SurfKY News
September 02, 2015 6204

Madisonville Gaining Two New Businesses

by Ron Sanders
August 30, 2015 4051

UPDATED: 'He Fought the Law ... but, the Law Won'

by Doreen Dennis, SurfKY News
September 02, 2015 3399

Investigation Leads to Meth Trafficking Charge

by SurfKY News

Most Read This Month

September 04, 2015 20505

UPDATE: Attack on WKP Never Happened, Say Police

by SurfKY News
August 24, 2015 12367

Teen Reports Slasher Attempted to Attack Him on…

by Doreen Dennis, SurfKY News

Stories Trending Now

September 04, 2015 20505

UPDATE: Attack on WKP Never Happened, Say Police

by SurfKY News
September 02, 2015 2274

Crime Stoppers Top Most Wanted - September 2, 2015

by SurfKY News
September 04, 2015 1274

Man Charged with Kidnapping 8-Year-Old Girl

by SurfKY News
September 03, 2015 1196

One Injured when Motorcycle, SUV Collide

by Doreen Dennis, SurfKY News
September 03, 2015 996

Madisonville Police Arrest Reports – Sept. 3, 2015

by SurfKY News
September 03, 2015 938

TMS Automotive to Locate in Bowling Green

by SurfKY News
September 03, 2015 926

Nortonville New Water Treatment Plant Another…

by Tammy Holloway, SurfKY News
September 03, 2015 896

TVA Touts Progress of Combined Cycle Project

by Doreen Dennis, SurfKY News
September 02, 2015 885

Ministry Reaches People from Region to Honduras

by Focus on Hopkins County
September 03, 2015 711

Gubernatorial Candidate Spot-on about Head Start

by SurfKY News