EYEWITNESS LOCAL NEWSCENTURY ALUMINUM UPDATE
from Eyewitness News Online
Century Aluminum To Review Rejection Of Electric Rate Proposal
Reported by: Jeff Morris
Web Producer: Jeff Morris
Reported: Dec. 14, 2012 3:41 PM EST
Updated: Dec. 18, 2012 9:30 AM EST
Ripley, Jackson County , West Virginia
Century Aluminum is reviewing the Public Service Commission's rejection of its proposals for a special electricity rate for its Jackson County plant.
Century Aluminum spokeswoman Lindsey Berryhill told the Charleston Gazette that the company remains committed to restarting the plant in Ravenswood.
The company had asked the PSC to reconsider a plan proposed by regulators in October.
The plan allows a special electricity rate for the plant for up to 10 years. But it also keeps Century ultimately responsible for making up the difference between the rate and actual power costs.
Century says the plan isn't sufficient to allow a restart of the plant. It asked the PSC to reconsider and submitted two alternative plans.
The plant closed in 2009.
West Virginia regulators won't reconsider Century Aluminum's bid for a special electricity rate for its Jackson County plant.
The Public Service Commission on Friday denied the company's request to reconsider the rate proposed by regulators in October.
That plan allows a special electricity rate for the plant for up to 10 years. But it also keeps Century ultimately responsible for making up the difference between the rate and actual power costs.
Century had rejected the plan, saying it's insufficient to allow a restart of the plant, which was closed in 2009. It asked the PSC to reconsider and submitted two alternative plans.
Regulators said that if the company can't reopen the plant with the plan it proposed, Century can pursue discussions with other parties to reach a more acceptable rate.
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