century aluminum 300HOPKINS COUNTY, Ky. (4/30/13) – As of yesterday, 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 This material may not be published, broadcast, or rewritten without permission.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.

Posted on 2/2/14
3/13 - 16
1 DOW 16,643.01
-11.76 (-0.07%)    
2 S&P 1,988.87
+1.21 (0.06%)    
3 NASDAQ 4,828.33
+15.62 (0.32%)    
3/13 - 16

Most Read This Week

August 24, 2015 10897

Teen Reports Slasher Attempted to Attack Him on…

by Doreen Dennis, SurfKY News
August 24, 2015 6070

Alleged Burglar Calls 911 to Report Fire

by SurfKY News
August 24, 2015 5004

UPDATE: Four Dead, Two Survive Boating Accident

by SurfKY News
August 27, 2015 4522

All is Well after MNHHS Lockdown

by Doreen Dennis, SurfKY News
August 24, 2015 4125

MPD Coducting Sobriety Checkpoints

by SurfKY News

Most Read This Month

August 06, 2015 15732

Muhlenberg Woman Reportedly Suffers Violent…

by SurfKY News
August 24, 2015 10897

Teen Reports Slasher Attempted to Attack Him on…

by Doreen Dennis, SurfKY News

Stories Trending Now

August 28, 2015 1423

Two Webster County Residents Injured in Hopkins…

by Doreen Dennis, SurfKY News
August 28, 2015 1263

Hopkins County Health Department Food Scores Thru…

by SurfKY News
August 28, 2015 1059

Madisonville Police Arrest Reports Released -…

by SurfKY News
August 29, 2015 919

All Occasions Formals to Host Celebration to…

by Rita Dukes Smith, SurfKY News Director
August 28, 2015 852

Rep. Montell Proposes Bill to Stop Sweeping of…

by SurfKY News
August 29, 2015 748

UK Part of First Study on Marijuana Compound…

by SurfKY News
August 28, 2015 655

Kentucky High School Football Schedule

by Steve LeMaster
August 28, 2015 647

Rep. Gooch, Others Argue against Burden Caused by…

by SurfKY News
August 28, 2015 624

TVA Seeks Input on Study for Closing Coal Ash…

by SurfKY News
August 28, 2015 610

Two-Vehicle Accident Results in Possible Injuries

by Doreen Dennis, SurfKY News