CHARLESTON, W.Va. (AP) — Felman Production company is asking state regulators to approve a special power rate for its idled plant in New Haven.
The request submitted to the Public Service Commission was made under a 2010 law that was intended to help Century Aluminum restart its plant in Ravenswood.
The law allows manufacturers that consume large amounts of electricity to negotiate rates tied to commodity prices.
The Charleston Daily Mail (http://bit.ly/17pH6Gg ) reports that Felman would pay lower rates when the prices of raw materials it uses are low. The company would pay higher rates when the prices of materials are high.
Felman is a subisidary of Georgian American Alloys, Inc.
Georgian American Alloys CEO Mordechai Korf says the plant's future is in jeopardy if the company doesn't get more flexible power rates.
Information from: Charleston Daily Mail, http://www.dailymail.com