Century Aluminum in Hancock County and Big Rivers Electric Corporation have reached a tentative agreement that will allow the electricity supplier to buy market-priced power for the Hawesville smelter.
The Owensboro Messenger-Inquirer reports Century Aluminum also announced today that it is purchasing the Webster County smelter Sebree Works-Rio Tinto Alcan.
The moves appear to at least stabilize the aluminum industry in the northwestern Kentucky region, which employs about 1,200 people.
Hancock County leaders are trying to stay optimistic about the future of a major employer in their area. Century Aluminum smelter announced this week it has given Big Rivers Electric Cooperative a 12-month termination notice. That puts the smelter’s ability to operate in jeopardy.
The Kentucky Public Service Commission has scheduled public hearings for next month in Henderson and Paducah to get input on a proposal that would raise rates for customers of Big Rivers Electric Corp.