Century Aluminum Company - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Century Aluminum Company (Delaware) on June 22, 2009, reporting an event that occurred on June 17, 2009. The filing addresses a strategic operational development at the Company's Hawesville, Kentucky smelter.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a contractual agreement rather than financial performance results.
Material Changes and Events
- Power Contract Agreement: Century Aluminum of Kentucky General Partnership, a wholly owned subsidiary, reached an agreement with E.On U.S. and Big Rivers Electric Corporation.
- Scope: The agreement establishes a new long-term power contract for the Company's Hawesville, Kentucky smelter.
- Reference: Details are contained in the press release attached as Exhibit 99.1.
Guidance, Outlook, and Risks
The filing incorporates forward-looking statements regarding the agreement. Management notes that these statements are based on current expectations and are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially. The Company disclaims any obligation to update these statements. Specific risk factors are referenced in the Company's Form 10-K and Form 10-Q filings.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated June 17, 2009) for specific terms of the power contract.
- Verify the duration and pricing structure of the agreement with E.On U.S. and Big Rivers Electric Corporation.
- Assess the impact of this long-term power contract on the operating costs of the Hawesville smelter.
- Consult the most recent Form 10-K and 10-Q for detailed risk factors related to energy supply and forward-looking statements.