Felman seeks New Haven power deal

Sep 03, 2013 | 03:02 PM | Daniel Fitzgerald

Tags  Felman Production, electricity, energy rates, Public Service Commission, Appalachian Power, Mordechai Korf, Georgian American Alloys, John Konrady silicomanganese prices

NEW YORK — Felman Production LLC said it will be able to restart silicomanganese production at its New Haven, W.Va., plant if its request for a 10-year special-rate electricity contract is approved by the state’s Public Service Commission (PSC).

The company applied for the special rate Aug. 30, claiming the deal would ensure other West Virginia ratepayers do not incur any higher costs than if Felman were forced to shut down permanently.

Felman’s special-rate request is specifically tied to a target margin that will be derived from independent indices related to the selling price of silicomanganese and the cost of raw materials, excluding electricity, the company said.....





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