Century Aluminum gives power provider notice
Aug 20, 2012 | 05:12 PM
| Suzy Waite
Tags
Century Aluminum,
Big Rivers Electric,
Hawesville,
LME,
Davenport,
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. "We’re convinced a solution exists here. This is a great plant and should have a long life. We don’t 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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