|
ALCOA CONTINUES TO WORK WITH GOVERNMENT OFFICIALS TO SEEK NEW POWER SOLUTION
03 May 2006 - Alcoa
| Eastalco has been operating under a power arrangement from Allegheny Power, but that contract is scheduled to expire on December 31, 2005. The current rates paid by Eastalco are approximately 40 percent higher than the global smelting average paid for electricity. Discussions with power providers in the Pennsylvania, New Jersey and Maryland market area which services Eastalco are suggesting retail market rates that would increase Eastalco's rates to more than three times the global average. |
Alcoa announced it has issued notices to more than 600 employees at its Eastalco aluminum smelter in Frederick, Maryland that the plant will be curtailed if a new competitive power supply cannot be secured within the next two months. The company continues to work with government officials and others seeking ways to secure power for the 195,000 metric ton per year smelter. Eastalco has been operating under a power arrangement from Allegheny Power, but that contract is scheduled to expire on December 31, 2005. The current rates paid by Eastalco are approximately 40 percent higher than the global smelting average paid for electricity. Discussions with power providers in the Pennsylvania, New Jersey and Maryland market area which services Eastalco are suggesting retail market rates that would increase Eastalco's rates to more than three times the global average. The company is now working with government officials on other options, including possible legislative actions that could provide a short-term solution until a longer-term arrangement can be finalized.
http://www.alcoa.com
About: Alcoa
Alcoa is a leading producer of primary aluminium, fabricated aluminium and alumina and is active in all major aspects of the industry. It serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production, and other capabilities of Alcoa's businesses as a single solution to customers. The company has 120 000 employees in 41 countries. In addition to aluminium products and components, Alcoa also makes and markets consumer brands including Reynolds Wrap, Alcoa wheels, and Baco household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. Alcoa makes a very sustainable product: almost 70% of the aluminium ever produced is still in use, equalling 480 million tonnes of a total 690 million tonnes manufactured since 1886.
|
More News:
• For May 2006
• From Alcoa
• For Aluminium
|
