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W.Va. Regulators Deny Century Power Rate Request
By: Associated Press
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West Virginia regulators won't reconsider Century Aluminum's bid for a special electricity rate for its Jackson County plant.
The Public Service Commission on Friday denied the company's request to reconsider the rate proposed by regulators in October.
That plan allows a special electricity rate for the plant for up to 10 years. But it also keeps Century ultimately responsible for making up the difference between the rate and actual power costs.
Century had rejected the plan, saying it's insufficient to allow a restart of the plant, which was closed in 2009. It asked the PSC to reconsider and submitted two alternative plans.
Regulators said that if the company can't reopen the plant with the plan it proposed, Century can pursue discussions with other parties to reach a more acceptable rate.