Century Aluminum Reaches Agreement on New Three-Year Mt. Holly Power Contract
23 Octubre 2023 - 3:05PM
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.”
About Century Aluminum Company
Century Aluminum Company owns primary aluminum capacity in the
United States and Iceland. Century's corporate offices are located
in Chicago, IL. Visit www.centuryaluminum.com for more
information.
Cautionary Statement
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Forward-looking statements are
statements about future events and are based on our current
expectations. These forward-looking statements may be identified by
the words "believe," "expect," "hope," "target," "anticipate,"
"intend," "plan," "seek," "estimate," "potential," "project,"
"scheduled," "forecast" or words of similar meaning, or future or
conditional verbs such as "will," "would," "should," "could,"
"might," or "may." Our forward-looking statements include, without
limitation, statements with respect to: our expectations with
respect to Mt. Holly’s future production levels and financial and
operating performance, our projected staffing levels and future
hiring activity; our expectations with respect to the restart of
curtailed capacity at Mt. Holly including the associated timing and
cost estimates; global and local financial and economic conditions;
future aluminum pricing and the costs of our major raw materials;
and the impact that these factors may have on the future financial
and operating performance of Century and its subsidiaries. Where we
express an expectation or belief as to future events or results,
such expectation or belief is expressed in good faith and believed
to have a reasonable basis. However, our forward-looking statements
are based on current expectations and assumptions that are subject
to risks and uncertainties which may cause actual results to differ
materially from future results expressed, projected or implied by
those forward-looking statements. Important factors that could
cause actual results and events to differ from those described in
such forward-looking statements can be found in the risk factors
and forward-looking statements cautionary language contained in our
Annual Report on Form 10-K, quarterly reports on Form 10-Q and in
other filings made with the Securities and Exchange Commission.
Although we have attempted to identify those material factors that
could cause actual results or events to differ from those described
in such forward-looking statements, there may be other factors that
could cause actual results or events to differ from those
anticipated, estimated or intended. Many of these factors are
beyond our ability to control or predict. Given these
uncertainties, investors are cautioned not to place undue reliance
on our forward-looking statements. We undertake no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events, or otherwise.
Contact
Ryan Crawford(Investors and media)312-696-3132
Century Aluminum (NASDAQ:CENX)
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