California-based metals producer Century Aluminum (CENX -2.6%) has rejected a proposal meant to...

|About: Century Aluminum Company (CENX)|By:, SA News Editor

California-based metals producer Century Aluminum (CENX -2.6%) has rejected a proposal meant to aid the restarting of its West Virginia smelter, after the electricity rate offer from the state Public Service Commission fell short of its needs. The utility regulator had proposed allowing a special electricity rate for up to 10 years, but the ruling also would've held CENX responsible for making up the difference between that rate and actual power costs. The company says it's reviewing alternatives,