The power deal that Felman did back in 2014 has come back to...

The power deal that Felman did back in 2014 has come back to bite them on the bum.
With a soaring silicomanganese price the contract power price was tied to the silico manganese price. Great idea when the prices are low but not so smart now.
Its now costing them a fortune.
At the time of the deal they're were trying to shift the risk of their business to the other customers of Appalachian Power," Harris said. "  I understand their problems, but their problems shouldn't be the other ratepayers problems," he said. Like other large manufacturers, Felman already has an existing special rate contract"
Now Felman is screaming that the power price linked to the price of silico manganese is costing them a fortune.

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0	Felman seeks new power contractby alanpatrickryan

Felman Productions, who operates a silicomanganese smelter in New Haven, WV, asked the Public Commission of West Virginia to terminate its contract American Electric power for 74 MW per year; the contract was first signed on Sept. 6, 2006. 3, 2014. The current agreement ties the price of the power to the price of silicomanganese.