Santee Cooper officials announced Dec. 18 that Century Aluminum Co. has accepted a deal in principle regarding power supply to the Mt. Holly plant.
The agreement is subject to approval by each organization’s board of directors.
The deal would provide a new, three-year power contract through which Santee Cooper will deliver 100% of the Mt. Holly plant’s electric needs, including 150 MW from off-system resources and 50 MW from Santee Cooper resources.
“I’m pleased Century has accepted our offer and will continue Mt. Holly operations,” said Lonnie Carter, Santee Cooper president and CEO. “Most importantly, it saves more than half of the jobs at Mt. Holly, and it does not increase costs to Santee Cooper’s other customers.”
Santee Cooper is South Carolina’s state-owned public service utility. Santee Cooper is a minority partner with SCANA (NYSE:SCG) in the V.C. Summer nuclear station.