Thursday, October 11, 2012

Date Set For Century Aluminum Petition

{Charleston, West Virginia}...The Public Service Commission says Century Aluminum officials have until October 26th to file petitions requesting the agency reconsider its ruling on a special electric rate for the company. Century had asked to have until November 1st to file its petition. The PSC ruled on October 4th that Century may have a special rate for electricity, which the company had requested to restart its Ravenswood plant, but the PSC said any risk that the company won't pay enough for its power would have to be assumed by the company, not other Appalachian Power customers. Century officials announced this week that the PSC-proposed rate was "not sufficient" to restart the Ravenswood plant which closed in 2009, laying off more than 650 workers.