Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | 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...

CORRECTION: Marshall County Traffic Advisory

MARSHALL COUNTY, Ky. (10/20/14) — A contractor for the Kentucky Transportation Cabinet plans to close the northbound… Read More

Benton Middle School Participates in Clothing Drive

BENTON, Ky. (10/21/14) — As winter approaches, local students will have a need for warmth. With that in mind, Benton… Read More

Most Read This Week

October 17, 2014 12119

UK Women's Soccer Welcomes Ole Miss, No. 5/4…

in General Sports For All Sites by UK Athletics
October 20, 2014 5857

Uncle Lee's in Greenville is Closing Its Doors…

in Local (Muhlenberg) Top News by www.unclelees.com
October 17, 2014 4008

Single Vehicle Collision Results in One Injury

in Local (Muhlenberg) Top News by Trooper S. C. Recke
October 19, 2014 3891

Kentucky Energy Department Releases Virtual Solar…

in General News For All Sites by Dick Brown
October 16, 2014 3188

Madisonville Police Arrest Reports - Oct. 16, 2014

in Hopkins News by Madisonville Police Department
October 21, 2014 3159

UPDATE: Pedestrian Struck by Vehicle on Shamrock…

in Local (Hopkins) Top News by Officer C.P. Haynie
October 18, 2014 2847

Muhlenberg County Celebrates New Farmer’s Market

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
October 17, 2014 2808

Woman Arrested at Taco Bell for DUI

in Local (Hopkins) Top News by Madisonville Police Department
October 17, 2014 2777

Madisonville Police Arrest Reports - Oct. 17, 2014

in Hopkins News by Madisonville Police Department
October 20, 2014 2711

Man Charged for Assaulting Pregnant Wife

in Local (Hopkins) Top News by Madisonville Police Department

Stories Trending Today

October 21, 2014 3159

UPDATE: Pedestrian Struck by Vehicle on Shamrock…

in Local (Hopkins) Top News by Officer C.P. Haynie
October 20, 2014 2080

Hopkins County Board of Education Recognizes…

in Local (Hopkins) Top News by Tammy Holloway, SurfKY News
October 21, 2014 2038

Madisonville Police Arrest Reports - Oct. 21, 2014

in Hopkins News by Madisonville Police Department
October 21, 2014 1962

Man Charged for Switching Plates on Vehicle;…

in Local (Hopkins) Top News by Madisonville Police Department
October 22, 2014 1797

Failure to Signal Ends in Drug Arrest

in Local (Hopkins) Top News by Madisonville Police Department
October 20, 2014 1702

Providence Police Reports Released

in Local (Webster) Top News by Chief Brent McDowell
October 21, 2014 1660

Arrival of Overpass Beams for I-69/Pennyrile Pkwy…

in General News For All Sites Touching Hopkins by Keith Todd
October 21, 2014 1507

Alliance for a Drug-Free Owensboro-Daviess County…

in Owensboro News by Carla Shelton
October 21, 2014 1371

Meade County Set to Host Third Region Boys'…

in General Sports For All Sites by Steve LeMaster
October 21, 2014 1241

RWRA Sewer Repairs Starting Tomorrow

in Owensboro News by Abby Shelton

SurfKY News Group, Inc.
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


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

social fbsocial twsocial yt
social gpsocial flrsocial rss