AMM
American Metal Market

March 3, 2014
By Daniel Fitzgerald

Felman rate request decision "closer': PSC 

NEW YORK - The Public Service Commission (PSC) of West Virginia is "closer" to a decision on Felman Production LLC's request for a special electricity rate, although the agency said it is "still a work in progress."

Evidentiary hearings were held in early December, with the PSC subsequently requesting more financial data from the silicomanganese producer [amm.com, Dec. 23).

“They are closer than they have been, but it is still a work in progress," a PSC spokeswoman told AMM via e-mail. “The commission has met on the case several times, but it a difficult and complicated matter. There has been a lot of opposition on both sides and the commission is taking everything into consideration.”

Felman has said it will be able to restart silicomanganese production at its New Haven, W.Va., plant if it attains the special electricity rate, which is specifically tied to a target margin that will be derived from independent indices related to the selling price of silicomanganese and the cost of raw materials, excluding electricity (amm.com, Sept 3). 

Felman announced a temporary shutdown at New Haven in June due to challenging silicomanganese market conditions and rising manufacturing costs (amm.com, June 28).