CENTURY REJECTS PROPOSAL Century Aluminum Rejects Proposal To Restart Ravenswood Plant
Reported by: Elizabeth Norieka
Web Producer: Jeff Morris
Also Contributing: Associated Press
Reported: Oct. 9, 2012 2:57 PM EDT
Updated: Oct. 9, 2012 9:10 PM EDT
EYEWITNESS ONLINE WEBCAST VIDEO C L I C K T O P L A Y
, Jackson County
, West Virginia
Century Aluminum is rejecting a proposal meant to aid the restart of its West Virginia smelter.
The California-based metals producer announced Tuesday that the electricity rate offer from the state Public Service Commission falls short.
The utility regulator proposed allowing a special electricity rate for Century's Ravenswood plant for up to 10 years. But the commission's ruling, issued last week, also kept Century ultimately responsible for making up the difference between that rate and actual power costs.
More than 650 people lost their jobs when the plant closed in 2009, and the company has since canceled retiree health benefits.
Century said it's looking at other ways to restart the plant, and is also asking the commission to reconsider its decision.
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