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

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 This material may not be published, broadcast, or rewritten without permission.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.

In Other News...

18th Annual Jeep Jamboree Returns to Turkey Bay

KENTUCKY (4/25/15) — Jeep owners will soon travel to Turkey Bay Off-Highway Vehicle Area at Land Between The Lakes for… Read More

Superheroes ‘Bowl for Kids Sake’

MADISONVILLE, Ky. (4/25/15) — The 29th annual Bowl for Kids Sake took place at Melody Lanes on at Saturday, April 25.… Read More
1 DOW 18,080.14
+21.45 (0.12%)    
2 S&P 2,117.69
+4.76 (0.23%)    
3 NASDAQ 5,092.08
+36.02 (0.71%)    

Most Read This Week

April 17, 2015 11969

An Open Letter from an Addict

by Olivia Kirks
April 23, 2015 7544

Man Charged with Sodomy, Incest/Victim under 12

by SurfKY News
April 18, 2015 5793

Man Charged with Attempting to Coerce Minor for…

by Madisonville Police Department
April 20, 2015 4893

Nortonville Woman Charged with Meth Possession at…

by Madisonville Police Department
April 24, 2015 4144

UPDATE: Police Can't Substantiate Injured Man…

by Doreen Dennis, SurfKY News

Most Read This Month

April 17, 2015 11969

An Open Letter from an Addict

by Olivia Kirks
April 02, 2015 8815

UPDATE: Madisonville Man Injured in Head-on…

by Doreen Dennis, SurfKY News

Stories Trending Now

April 25, 2015 1177

Above and Beyond: Wade Simons

by Gary Gates, SurfKY News
April 24, 2015 948

Elementary Girls in Good GRACES with Unique…

by Tammy Holloway, SurfKY News
April 25, 2015 666

Focus on Hopkins County: Interview with Sheriff…

by Tim Thomas
April 25, 2015 596

Planning Commission Approves Zoning Amendments…

by Tammy Holloway, SurfKY News
April 25, 2015 510

Webster County Traffic Advisory

by Keith Todd
April 25, 2015 450

Tobacco Quitline Callers Eligible for Extra…

by Beth Fisher
April 25, 2015 432

Superheroes ‘Bowl for Kids Sake’

by Tammy Holloway, SurfKY News
April 25, 2015 412

Keeping the Faith - 'To Die Trying'

by Ronnie McBrayer
April 25, 2015 410

Happenings and Meetings - Hopkins County

by Amber Averitt, SurfKY News
April 25, 2015 383

Hooked on Science - 'Magnetic Money'

by Jason Lindsey