The fate of a restart of operations at idled Century Aluminum Ravenswood now lies in the hands of the West Virginia Public Service Commission.
The fate of a restart of operations at idled Century Aluminum Ravenswood now lies in the hands of the West Virginia Public Service Commission. Reply briefs from five parties in the electricity rate case for the Ravenswood aluminum smelting plant have been submitted along with testimony, letters of protest and more. A coal severance tax credit bill passed by the West Virginia Legislature in March would benefit the plant restart, but rate negotiations with Appalachian Power stalled and the power rate proposal was presented to the PCS in May. The PSC has received 119 letters protesting the Century proposal as of August 28 and 27 letters of support. The proposal would tie the power rate paid by the smelting operation to the price of aluminum on the London Metals Exchange. When the price of metal is above $1,800 a ton, Century would pay more for power. When it falls below the figure, the plant would pay less. Who would play the balance of the bill in those down price circumstances has spurred protests.