LOUISVILLE, Ky. (AP) -- A western Kentucky aluminum smelter is moving closer to ending its power purchasing agreement with a Kentucky utility that depends on the massive plant for more than a third of its annual revenue.
Big Rivers Electric says the loss of Century Aluminum will lead to 19 percent rate hikes for residential customers. Big Rivers said in a statement it has finalized an agreement with Century that must be approved by the Kentucky Public Service Commission.
The commission is holding public hearings Thursday on the proposed increases.
Century Aluminum's contract ends in August. Big Rivers CEO Mark Bailey says Century's smelter and the Rio Tinto Alcan smelter generated $360 million, or 64 percent, of Big Rivers' revenue in 2012. Rio Tinto is also planning to stop buying power from Big Rivers.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.