MORE WEST VIRGINIA NEWS
West Virginia News
News from the region's first prime-time newscast. You'll find it First On Fox!
W.Va. Public Service Commission denies petitions seeking reconsideration of Felman power rate
Reported by: Associated Press
Wednesday, May 14, 2014 12:46 PM EDT
State regulators aren't going to revisit a special electricity rate for an idled manufacturer in Mason County.
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.