Century Aluminum still hopeful of South Carolina agreement
CHARLESTON, S.C. (AP) — The chairman of Century Aluminum says he’s still hopeful of reaching an agreement with a South Carolina utility over electricity costs.
The Post and Courier of Charleston reported that Century CEO Mike Bless said Wednesday that the company still thinks it will be able to resume full operations at its smelter in Mount Holly.
The South Carolina plant has been operating at half capacity since 2016, when it laid off 300 of its 600 employees. Bless says rates are too high from the state owned utility Santee-Cooper.
He says the company hopes to maintain current production levels.
Century is negotiating with Santee Cooper on a new contract to reduce power costs.
Santee Cooper has said it cannot rework the agreement without forcing other customers to subsidize the smelter.
This story has been corrected to show CEO’s last name is Bless, not Bass.
Information from: The Post and Courier, http://www.postandcourier.com