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 20, 2014 7396

Uncle Lee's in Greenville is Closing Its Doors…

in Local (Muhlenberg) Top News by www.unclelees.com
October 19, 2014 5025

Kentucky Energy Department Releases Virtual Solar…

in General News For All Sites by Dick Brown
October 21, 2014 3563

UPDATE: Pedestrian Struck by Vehicle on Shamrock…

in Local (Hopkins) Top News by Officer C.P. Haynie
October 22, 2014 3329

Hopkins County Grand Jury Indictments

in Hopkins News by Karen McKnight
October 21, 2014 3203

Madisonville Police Arrest Reports - Oct. 21, 2014

in Hopkins News by Madisonville Police Department
October 23, 2014 3060

Resident Returns Home to People Using Drugs,…

in Local (Hopkins) Top News by Madisonville Police Department
October 20, 2014 2996

Hopkins County Sheriff's Arrest Reports Released

in Hopkins News by Sheila Hopper
October 20, 2014 2962

Man Charged for Assaulting Pregnant Wife

in Local (Hopkins) Top News by Madisonville Police Department
October 22, 2014 2660

Convicted Felon Charged for Handgun Possession…

in Local (Muhlenberg) Top News by Trooper Stu Recke
October 20, 2014 2507

Paul Simon Headlines COPD Tribute for Phil Everly

in Top News For All Sites by Paul McRee, SurfKY News

Stories Trending Today

October 24, 2014 2297

Central City Man Charged with Sexual Assault on…

in Local (Muhlenberg) Top News by Chris Cooper
October 23, 2014 2007

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

in Top News For All Sites by Paul McRee, SurfKY News
October 24, 2014 1946

Miners Turn Out in Madisonville for…

in Top News For All Sites by Rita Dukes Smith, SurfKY News Director
October 24, 2014 1826

Woman Arrested for Allegedly Reporting Check…

in Local (Hopkins) Top News by Madisonville Police Department
October 24, 2014 1705

Madisonville Police Arrest Reports - Oct. 24, 2014

in Hopkins News by Madisonville Police Department
October 24, 2014 1581

Family Looking for 'Runner'

in Hopkins News by Lisa Crook
October 24, 2014 1476

County Renews Career Advancement Lease

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
October 24, 2014 1428

Baldwin, Crist and Saint Selected to 2014 Second…

in Hopkins Sports by Troy Crist
October 24, 2014 1301

Tail Light Out Traffic Stop Turns to Drug Arrest

in Local (Hopkins) Top News by Madisonville Police Department
October 23, 2014 1000

Security Officer Offers Identity Theft Protection…

in Local (Hopkins) Top News by Amber Averitt, SurfKY News

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