Tag: Felman Production

W.Va. Regulators Won't Revisit Felman Power Rate

  State regulators aren’t going to revisit a special electricity rate for an idled manufacturer in Mason County.

The Public Service Commission on Wednesday denied two petitions asking it to reconsider the special rate. The PSC’s order says its April 3 decision will remain in effect.

The special rate plan would enable Felman Production to buy electricity from Appalachian Power at as much as $9 million per year off its full rate. The discounted rate would be calculated each month, based on commodity prices and the costs of raw materials used in production.

Felman has said the plan would allow its silicomanganese plant in New Haven to operate when commodity markets are weak.

The PSC’s Commission Advocate Division and the West Virginia Energy Users Group filed the reconsideration petitions.

Mason County Manufacturer Close to Resuming Production

Felman Production CEO Mordechai Korf says the idled Mason County manufacturer is one step closer to resuming operations.
Members of United Steelworkers Local 5171 approved modifications to their contract with the company last week.

 
Korf says the modifications strengthen the New Haven plant’s long-term viability.
 
Details of the changes weren’t released.
 
The plant produces silicomanganese. It ceased operations in July 2013 and laid off more than 140 workers.
 
Earlier this month, the West Virginia Public Service Commission authorized a special electricity rate plan for the company. The plan enables Felman to buy electricity from Appalachian Power at as much as $9 million a year off its full rate.
 
Opponents of the special rate have asked the PSC to reconsider its decision.

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