Santee Cooper reaches preliminary power deal with Century Aluminum

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.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.