Posted on 2/2/14

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 This material may not be published, broadcast, or rewritten without permission.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

Most Read This Week

November 24, 2015 10194

Distillery to Operate in Old Graham School…

by SurfKY News
November 21, 2015 8886

Injuries Result from Beulah Road Accident

by Doreen Dennis, SurfKY News
November 23, 2015 7745

Relative Charged with Murder, Arson in Deaths of…

by SurfKY News
November 24, 2015 4837

Ohio County Most Wanted - Top 10 - November 24

by SurfKY News
November 24, 2015 3415

Man Injured When Vehicle Collides with Deer

by SurfKY News

Most Read This Month

November 17, 2015 16272

Ohio County Most Wanted - Top 10 - November 17

by SurfKY News
November 18, 2015 14570

Runaway Teen Returns on His Own

by SurfKY News

Stories Trending Now

November 27, 2015 2957

Madisonville Man Charged with Attempted Murder…

by SurfKY News
November 28, 2015 2461

Woman Charged with Counterfeit Money Leads to…

by SurfKY News
November 28, 2015 2220

Local Teen Hospitalized after Officer-Involved…

by Doreen Dennis, SurfKY News
November 28, 2015 1720

KSP Arrests Ohio Co. Man on Drug Charges

by SurfKY News
November 27, 2015 1572

First United Bancorp Set to Purchase Town &…

by SurfKY News
November 27, 2015 1135

Farm City Breakfast Recognizes Importance of…

by Tammy Holloway, SurfKY News
November 27, 2015 1087

Hooked on Science - Pinecone Hygrometer

by SurfKY News
November 27, 2015 835

Webster County Man Injured in Two-Vehicle Crash

by SurfKY News
November 27, 2015 658

Governor-Elect Bevin Names Two Key Appointments…

by SurfKY News