Century Aluminum, other parties file agreements with Ky. PSC - WTRF 7 News Sports Weather - Wheeling Steubenville

Century Aluminum, other parties file agreements with Ky. PSC

Posted: Updated:
  • BusinessBusinessMore>>

  • Union workers at Frontier OK 3-year contract

    Union workers at Frontier OK 3-year contract

    Monday, September 1 2014 12:17 PM EDT2014-09-01 16:17:18 GMT
    The new contract will expire in August 2017. It covers about 1,500 employees in 42 West Virginia counties.
    The new contract will expire in August 2017. It covers about 1,500 employees in 42 West Virginia counties.
  • Shale activity spurs WesBanco growth

    Shale activity spurs WesBanco growth

    Monday, September 1 2014 10:00 AM EDT2014-09-01 14:00:29 GMT
    Managing growth has been a problem for some companies in the shale gas region of West Virginia, leading WesBanco to provide services to help them.
    Managing growth has been a problem for some companies in the shale gas region of West Virginia, leading WesBanco to provide services to help them.
  • WV workforce lacks oil and gas expertise — for now

    WV workforce lacks oil and gas expertise — for now

    Sunday, August 31 2014 5:00 PM EDT2014-08-31 21:00:19 GMT
    Despite the relatively high amount of natural gas production in West Virginia, less than 3 percent of employees in some of the major occupations that make up the sector's workforce live in the Mountain State.
    Despite the relatively high amount of natural gas production in West Virginia, less than 3 percent of employees in some of the major occupations that make up the sector's workforce live in the Mountain State.

Century Aluminum of Kentucky joined Big Rivers Electric Corp. and Kenergy Corp. June 12 to announce the parties had filed definitive agreements with the Kentucky Public Service Commission based on the tentative agreement they all reached in April.

The agreements from the parties are the first step in finalizing the tentative agreement among them, but it still is subject to approvals from several third parties: the Kentucky PSC, the USDA Rural Utilities Service and other regulatory agencies.

Century's current power contract expires Aug. 20. The parties announced April 29 they had reached in agreement for Century to receive market-priced power for its Hawesville, Ky. smelter in Hancock County. Century issued a conditional closure notice at that plant earlier in the year, claiming it couldn't continue operations under its current price of electricity.

The notification was sent in compliance with Worker Adjustment and Retraining Notification (WARN) Act.

Century's Hawesville plant employs about 650 people, according to Century, and has a rated capacity of 244,000 tonnes of primary aluminum.

Century closed its Ravenswood, W.Va. plant in 2009, putting about 650 people out of work. The company was engaged in a lengthy special rate hearing with the Public Service Commission of West Virginia last year. The PSC issued its ruling, but Century has yet to act on it to reopen the plant.