Century decides not to reopen Ravenswood plant

Century Aluminum has announced it won't restart its Ravenswood plant. Century Aluminum earlier had said it would restart the plant if the Public Service Commission approved a special electricty rate which they did, but the PSC also said there was a certain amount of assumption of risk that went along with it, and Century said in a statement yesterday that the PSC's ruling "is not sufficient for a smelter restart. PSC said in its ruling any risk that the company won't pay enough for its power would have to be assumed by the company, not other Appalachian Power customers.