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.

Posted on 2/2/14
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013

Most Read This Week

October 29, 2014 8767

UPDATE: Medical Examiner's Official Report…

in Local (Lakes) Top News by Dennis Thomas
October 24, 2014 7544

Central City Man Charged with Sexual Assault on…

in Local (Muhlenberg) Top News by Chris Cooper
October 27, 2014 6045

Earlington Woman Charged With Burglary for…

in Local (Hopkins) Top News by Madisonville Police Department
October 23, 2014 4480

Don Everly to be Part of Rock and Roll Hall of…

in Top News For All Sites by Paul McRee, SurfKY News
October 27, 2014 4320

Baptist Health Madisonville Performs Baptist…

in Local (Hopkins) Top News by Kristy Quinn
October 28, 2014 3971

UPDATE: 'Runner' Ran Home; Family Happy

in Hopkins News by Lisa Crook
October 29, 2014 3860

UPDATE: Two More Arrested for Meth at Area Motel

in Local (Hopkins) Top News by Trooper Stu Recke
October 24, 2014 3851

Miners Turn Out in Madisonville for…

in Top News For All Sites by Rita Dukes Smith, SurfKY News Director
October 28, 2014 3321

UPDATE: Extended to Wednesday; Heaven's Gates and…

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
October 27, 2014 3304

Woman Charged for Domestic Assault with Scissors,…

in Local (Hopkins) Top News by Madisonville Police Department

Stories Trending Today

October 29, 2014 8767

UPDATE: Medical Examiner's Official Report…

in Local (Lakes) Top News by Dennis Thomas
October 29, 2014 3860

UPDATE: Two More Arrested for Meth at Area Motel

in Local (Hopkins) Top News by Trooper Stu Recke
October 29, 2014 2496

Hypodermic Needle Sticking Out of Jacket During…

in Local (Hopkins) Top News by Madisonville Police Department
October 29, 2014 2205

Pennyrile Gymnastic Team to Perform on 'America's…

in Local (Hopkins) Top News by Paul McRee, SurfKY News
October 29, 2014 1962

Madisonville Police Arrest Reports - Oct. 29, 2014

in Hopkins News by Madisonville Police Department
October 29, 2014 1878

Huge Crowds Visit Uncle Lee’s First Day of…

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
October 30, 2014 1713

UPDATE: Missing Elderly Couple Found

in Local (Hopkins) Top News by Chief William C. Crider
October 29, 2014 1656

Central City Businessman Indicted by Grand Jury…

in Top News For All Sites by Charles W. Riley II, SurfKY News
October 29, 2014 1590

Trespassing Complaint Ends with Shoplifting Arrest

in Hopkins News by Madisonville Police Department
October 29, 2014 1343

Water Main Break Sends Stream Dozens of Feet in…

in Hopkins News by Rita Dukes Smith, SurfKY News Director

SurfKY News Group, Inc.
Corporate Office & Studio
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