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Special Rate Authorized For Felman Plant In West Virginia
By: Associated Press
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The West Virginia Public Service Commission has authorized a special electricity rate plan for an idled manufacturer in Mason County.
The plan approved Thursday would enable Felman Production to buy electricity from Appalachian Power at a discount of up to $9 million per year off its full rate. The discount rate would be calculated each month based on the costs of raw materials used in production and commodity prices.
Felman has said the plan would allow its silicomanganese plant in New Haven to operate when commodity markets are weak.
Felman idled the plant last year because of poor market conditions. The order says Felman must first accept the rate, then enter into a contract with Appalachian Power.
A spokesman for Felman didn't immediately comment on the PSC order.