Aluminum Co. and its electricity suppliers have reached an
agreement on a power deal for the companys Hawesville,
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).