28 FEBRUARY 201358wchs.com
Talks resume between Century Aluminum and Appalachian Power
Edited by : AL CIRCLE
1 min read
Century Aluminum and Appalachian Power Company have restarted talks in connection with a power rate for Century that could lead to the reopening of the company's plant in Ravenswood.
Appalachian Power Communications Director Jeri Matheney tells MetroNews regular discussions began a few weeks ago. They aren't taking place every day but they are ongoing.
Century closed its plant in 2009 because the price for aluminum bottomed out. The company said the rate it paid for electricity was too high. The closure left 650 people without jobs. The state legislature passed a bill that opened the door for a special rate.
Century proposed a special rate from Appalachian last Oct., but the PSC denied that proposal.
The PSC came back with another proposal that would have established a Special Rate Mechanism that satisfied the policy goals of the Legislature, addressed the concerns of Century regarding the reopening of its Ravenswood smelter, and balanced the interests of the power company along with its present and future customers and the state's economy.
Century denied that request from the PSC and proposed the two alternative rate plans which the PSC denied in Dec.
Appalachian Power Communications Director Jeri Matheney tells MetroNews regular discussions began a few weeks ago. They aren't taking place every day but they are ongoing.
Century closed its plant in 2009 because the price for aluminum bottomed out. The company said the rate it paid for electricity was too high. The closure left 650 people without jobs. The state legislature passed a bill that opened the door for a special rate.
Century proposed a special rate from Appalachian last Oct., but the PSC denied that proposal.
The PSC came back with another proposal that would have established a Special Rate Mechanism that satisfied the policy goals of the Legislature, addressed the concerns of Century regarding the reopening of its Ravenswood smelter, and balanced the interests of the power company along with its present and future customers and the state's economy.
Century denied that request from the PSC and proposed the two alternative rate plans which the PSC denied in Dec.
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