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

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.

3/13 - 16
3/13 - 16
3/13 - 16

In Other News...

Foreign Exchange Students Enjoy Time in Muhlenberg

MUHLENBERG COUNTY, Ky. (9/30/14) — Megan Chaney of Greenville looks forward to every new school year in Muhlenberg… Read More

Charges Brought in Vandalism Investigation

MURRAY, Ky. (9/29/14) — On Aug. 21, 2014 and Aug. 22, 2014, several businesses reported that the front windows of their… Read More
3/13 - 16

Most Read This Week (Site-Wide)

September 26, 2014 5646

Super Walmart Headed to Hanson, Fate of…

in Top Stories by Amber Averitt, SurfKY News
September 27, 2014 3556

Hopkins County Grand Jury Misdemeanor Indictments

in News by Karen McKnight
September 26, 2014 3218

Drug Sting Results in Meth Trafficking Charge

in Top Stories by Madisonville Police Department
September 29, 2014 3147

Endless Road Strings Bring Orchestra Mix to…

in Top Stories by Paul McRee, SurfKY News
September 27, 2014 2442

Sinister on Center Takes Haunted Manor to Whole…

in Top Stories by Charles W. Riley II, SurfKY News
September 26, 2014 2417

Muhlenberg Job Corps Recognizes Employee of the…

in Top Stories by Karen Robinson
September 26, 2014 2327

UPDATE: Semi Trucks Crash, Block Northbound Lane…

in Top Stories by Keith Todd
September 26, 2014 2295

Muhlenberg 911 Service Recipient of $32,500 Grant

in Top Stories by Rebecca Hanchett
September 26, 2014 2247

Madisonville Police Department Arrest Reports -…

in News by Madisonville Police Department
September 25, 2014 2191

Shoplifting Complaint Leads to Resisting Arrest,…

in Top Stories by Information provided by MPD
September 29, 2014 2025

Man, Woman Charged with Violating EPO Against…

in Top Stories by Madisonville Police Department

Most Read Stories from Hopkins County

September 26, 2014 3218

Drug Sting Results in Meth Trafficking…

in Top Stories by Madisonville Police Department
September 25, 2014 2191

Shoplifting Complaint Leads to Resisting…

in Top Stories by Information provided by MPD
September 29, 2014 2025

Man, Woman Charged with Violating EPO…

in Top Stories by Madisonville Police Department
September 29, 2014 1906

One Injured in Single-Vehicle Collision…

in Top Stories by Rita Dukes Smith, SurfKY News Director
September 29, 2014 1859

Man Charged with PI, Drugs, After…

in Top Stories by Madisonville Police Department

Most Read Stories from Muhlenberg County

September 29, 2014 3147

Endless Road Strings Bring Orchestra Mix…

in Top Stories by Paul McRee, SurfKY News
September 26, 2014 2417

Muhlenberg Job Corps Recognizes Employee…

in Top Stories by Karen Robinson
September 26, 2014 2295

Muhlenberg 911 Service Recipient of…

in Top Stories by Rebecca Hanchett
September 28, 2014 1828

Community Shows Support to Muhlenberg…

in Top Stories by Charles W. Riley II, SurfKY News
September 28, 2014 1598

Marching Mustangs Take Third in Ohio…

in Top Stories by Information provided by Shawna Hendrix

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)


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

social 03social 04social 22social 21social 06