CHICAGO Century Aluminum Co. and its electricity suppliers have reached an agreement on a power deal for the companys Hawesville, Ky., smelter.
The deal between Kenergy Corp., Big Rivers Electric Corp. and Century has been filed with the Kentucky Public Service Commission, the Monterey, Calif.-based aluminum producer said June 12.
The agreement and filing, which represent a first step in concluding a tentative agreement reached in April (amm.com, April 29), remain subject to third-party approvals, including from the Kentucky Public Service Commission, the USDA Rural Utilities Service and other regulatory agencies, the company said.
Century said all three parties are moving "as expeditiously as possible" to reach a final agreement before the current power contract for the Hawesville smelter expires Aug. 20.
Century has said it would idle the 244,000-tonne-per-year Hawesville smelter Aug. 20 unless it could secure a better power deal with Henderson, Ky.-based Big Rivers Electric. The company gave Big Rivers a 12-month power termination notice for the Hawesville smelter last August (amm.com, Aug. 20).