Century Aluminum gives power provider notice
Aug 20, 2012 | 05:12 PM
| Suzy Waite
NEW YORK Century Aluminum Co. has given 12 months notice that it will terminate its power contract with Big Rivers Electric Corp. at its Hawesville, Ky., smelter.
During that 12-month period, Century is required to pay a demand charge for power but is not obligated to continue running the plant, the company said Monday.
However, the Monterey, Calif.-based aluminum producer has every intention of continuing to operate the 250,000-tonne-per-year smelter at full capacity for the time being, president and chief executive officer Michael Bless told AMM. "Were convinced a solution exists here. This is a great plant and should have a long life. We dont want to shut the plant. These plants are costly to shut and difficult to restart. It is not our intent to close." ....
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