PSC’s plan 'positive' for Ravenswood: analysts

Oct 05, 2012 | 05:34 PM | Suzy Waite

Tags  Century Aluminum, Davenport & Co., London Metal Exchange, Tim Hayes, John Tumazos, Very Independent Research, aluminum, Appalachian Power Co. Public Service Commission of West Virginia

NEW YORK — Analysts say Century Aluminum Co. could restart its idled smelter in Ravenswood, W.Va., after the Public Service Commission (PSC) of West Virginia came out with an order Thursday regarding a special power rate.

The Monterey, Calif.-based aluminum producer has spent much of this year working to restart the smelter, and put forth a proposal to the PSC earlier this summer requesting a power contract that would protect the smelter from periods of weak London Metal Exchange prices and also that its payments be supplemented by a number of sources, including contributions from some residential customers of Appalachian Power Co. (, May 16).

On Thursday, the PSC passed an order that would allow for a special rate but rejected Century’s proposal to pass on the cost to other customers (, Oct. 4). ....

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