LONDON Alcoa Inc. has
finalized a long-term contract with the Bonneville Power
Administration (BPA) for the aluminum producers Intalco
smelter in Ferndale, Wash.
The contract, which will cover
the 279,000-tonne-per-year smelters power through
September 2022, provides a power rate of 300 average megawatts
annually, down from a previous rate of 320 average megawatts
amm.com, May 24).
long-term power supply security is a major accomplishment that
not only helps protect jobs, but helps sustain manufacturing
and its economic impact in Washington state," Bob Wilt,
Alcoas president of global primary products for the U.S.
region, said in a statement.
The agreement also benefits BPA
customers as it offers "lower rates in the near term and
increased long-term rate stability," BPA administrator and
chief executive officer Steve Wright said.
The Pittsburgh-based producer
and the Portland, Ore.-based agency reached a tentative
agreement in October (
amm.com, Oct. 9).