471 JOBS Power Costs Could Shift To You To Reopen Ravenswood Aluminum Plant.
Reported by: Bob Aaron
Videographer: Bob Aaron
Web Producer: Bob Aaron
Reported: Jul. 31, 2012 6:26 PM EDT
Updated: Jul. 31, 2012 6:32 PM EDT
EYEWITNESS ONLINE WEBCAST VIDEO C L I C K T O P L A Y
Ravenswood
, Jackson County
, West Virginia
Century Aluminum wants the Public Service Commission to shift some power costs onto other APCO customers while aluminum prices are low. They'll pay more when the expected boom in aluminum comes. The company says a rate break now would allow its Ravenswood Plant, closed in 2009, to reopen immediately and put 471 people back to work.
Other customers from senior citizens to factories say no way with some of their concerns coming out in 3 days of hearings in Charleston. The consumer advocate says it amounts to an almost 200 million dollar gamble the prices of aluminum will rise. If it doesn't an average residential customer could see a 3 to 5 dollar rise in their monthly bill just to plug in Century.
Without the rate cut, Century says it won't try too open the plant until after the big metal price ($2,457) rise happens. SOT.SOT. The legislature has approved up to a 20 million dollars in tax credits to help lower the aluminum maker's power bill.
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Bob Aaron
