Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster
Davis Motor Sales banner ad

Century, Big Rivers and Kenergy Reach Tentative Agreement for Hawesville Smelter

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

© Copyright 2014 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 by using one of the social media links below.

In Other News...

Meet The Hopkins County Magistrate Candidates

HOPKINS COUNTY, Ky. (4/10/14) — Sixteen people are running for the office of Hopkins County Magistrate. Read More

Joyce The Cat Needs Fur-ever Home

HOPKINS COUNTY, Ky. (4/21/14) — Hi. My name is Joyce The Cat. I'm the purr-fect cat for someone who wants to love me… Read More

Most Read This Week (Site-Wide)

April 22, 2014 9185

18 EPA Earth Day Events Take Action on…

in News by EPA
April 21, 2014 4846

Meet The Hopkins County Magistrate…

in News by Rita Dukes Smith, SurfKY News Director
April 21, 2014 3188

Fire Destroys Old Tobacco Building in…

in Top Stories by Rita Dukes Smith, SurfKY News Director
April 22, 2014 3007

Three Juveniles Charged in Connection…

in Top Stories by Paul McRee, SurfKY News Reporter
April 18, 2014 2806

Daviess County School Board Hears…

in News by Dennis Beard, SurfKY News

Most Read Stories from Hopkins County

April 22, 2014 1803

Madisonville Woman Charged with Internet…

in Top Stories by Christopher Rogers
April 18, 2014 1542

Talking Teen Trashed Telephone Pole,…

in Top Stories by MPD
April 19, 2014 1519

Fifth Third on Main Street Comes Down

in Top Stories by Rita Dukes Smith, SurfKY News Director
April 19, 2014 1351

MPD Arrests Juveniles for Recent Rash of…

in Top Stories by Madisonville Police Department
April 18, 2014 1290

Earlington Traffic Stop Results in Meth…

in Top Stories by Trooper Stu Recke

Most Read Stories from Owensboro

April 18, 2014 2806

Daviess County School Board Hears…

in News by Dennis Beard, SurfKY News
April 18, 2014 2474

One Arrested, Another Injured in Single…

in News by J.D. Marksberry
April 21, 2014 2106

'Heath & Molly' Benefit Concert…

in Top Stories by Paul McRee, SurfKY News Reporter
April 21, 2014 1211

Owensboro Chamber Plans First ‘Lunch…

in News by Dennis Beard, SurfKY News
April 18, 2014 316

Second Children’s Advocacy Center of…

in Top Stories by Michael Hathaway

Most Read Stories from Muhlenberg County

April 21, 2014 3188

Fire Destroys Old Tobacco Building in…

in Top Stories by Rita Dukes Smith, SurfKY News Director
April 22, 2014 3007

Three Juveniles Charged in Connection…

in Top Stories by Paul McRee, SurfKY News Reporter
April 18, 2014 2318

Friends of Lake Malone Busy Hiding 1,500…

in Top Stories by Paul McRee, SurfKY News Reporter
April 18, 2014 1580

Muhlenberg Job Corps Employee of the Month

in Top Stories by Karen Robinson
April 21, 2014 1482

One Injured in Rosewood Wreck

in Top Stories by Trooper Stu Recke

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03