Century Aluminum Reaches Agreement on New Three-Year Mt. Holly Power Contract

The contract provides for 295MW of electric power, allowing the smelter to continue operating at its current capacity.

SEATTLE (Scrap Monster): Century Aluminum of South Carolina (CASC), a wholly-owned subsidiary of Century Aluminum Company (NASDAQ: CENX), announced today it has finalized, and received all necessary approvals for, a new, three-year power contract with the South Carolina Public Service Authority (also known as Santee Cooper) for the Mt. Holly aluminum smelter. The contract will begin on January 1, 2024 and run through December 2026. The contract provides for 295MW of electric power, allowing the smelter to continue operating at its current capacity.

Jesse Gary, Century’s President and Chief Executive Officer, said, “We are excited to have reached final agreement on this new contract that will allow us to maintain operations at our Mt. Holly plant, preserve the approximately 465 jobs for our employees, and continue to contribute to the economic success of the surrounding community. I would like to personally thank our colleagues at Santee Cooper for their hard work and cooperation in reaching this agreement.”

Courtesy: www.globalnewswire.com

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