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 This material may not be published, broadcast, or rewritten without permission.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 17,689.86
0.00 (0.00%)    
2 S&P 2,103.84
0.00 (0.00%)    
3 NASDAQ 5,128.28
0.00 (0.00%)    
3/13 - 16

Most Read This Week

July 30, 2015 3719

Webster Man Leads Police on Chase through Parts…

by SurfKY News
July 31, 2015 3670

Miss Hopkins County Fair 2015 Chosen

by Tammy Holloway, SurfKY News
July 28, 2015 2783

Hanson, Owensboro, Bowling Green Youths Win at…

by Tammy Holloway, SurfKY News
August 01, 2015 2454

24th Annual Miss Teen Hopkins County Fair Pageant…

by Tammy Holloway, SurfKY News
July 29, 2015 2402

Crime Stoppers Top Most Wanted - July 29, 2015

by SurfKY News

Most Read This Month

July 17, 2015 16603

Muhlenberg Most Wanted - Top 10

by SurfKY News
July 23, 2015 15562

UPDATE: Family Confirms Body of Missing Teen…

by Shawn Freels, SurfKY News

Stories Trending Now

August 02, 2015 1274

Poole Wins Hopkins County Fair Talent Show

by Tammy Holloway, SurfKY News
August 02, 2015 1105

Community Helps ‘Cram the Hummer’ for School…

by Tammy Holloway, SurfKY News
August 02, 2015 971

Tiniest Division of Hopkins County Fair Pageants…

by Tammy Holloway, SurfKY News
August 02, 2015 746

Spinal Cord Injury Patient's Foundation Sponsors…

by SurfKY News
August 02, 2015 493

Legislator's Log - Week of Aug. 2, 2015

by SurfKY News
August 02, 2015 446

'The Free' Gets Greenville Crowd Groovin'

by Mike Groves, SurfKY News
August 03, 2015 412

Two Injured in Motorcycle Accident

by SurfKY News
August 02, 2015 395

Dave Says - Aug. 2, 2015

by SurfKY News
August 02, 2015 369

MCCH Celebrates World Breastfeeding Week

by SurfKY News
August 02, 2015 361

Outdoor Truths - Aug. 2, 2015

by SurfKY News