Felman seeks New Haven power deal
Sep 03, 2013 | 03:02 PM
| Daniel Fitzgerald
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 states 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.
Felmans 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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