Reopening its Ravenswood plant has fallen off the priorities list at Century Aluminum.
The company reported second-quarter earnings and held a conference call with analysts and investors Tuesday evening.
While the company has significantly stepped up operations in Kentucky during the last quarter -- purchasing Rio Tinto's Sebree plant and negotiating a market-based power contract for its Hawesville plant -- company officials said there has been no progress in reopening its idled Ravenswood plant.
"There's no change at Ravenswood, regrettably," Century chief executive officer Mike Bless said during Tuesday evening's conference call.
Century officials typically list their top priorities during their quarterly earnings conference calls. For the first time since early 2012, reopening the Ravenswood plant was not on the list.
Bless said the company has still been in contact with Appalachian Power regarding a new power arrangement for the idled plant, but said operations at other facilities had taken precedence in recent months.
"We haven't lost our interest in reopening (the Ravenswood) plant," Bless said.
But he said for that to happen, the company would need a power arrangement similar to those being negotiated for its Sebree and Hawesville plants. Those agreements allow Century to buy electricity at market prices, with a surcharge added on to cover costs for its power provider.
Century senior vice president Shelly Harrison said the market-based arrangements will lower production costs by about $180 per ton at both plants.For the second quarter, Century reported a net loss of $34.6 million, due mainly to a plunge in aluminum prices and costs associated with purchasing the Sebree plant.