Oklahoma smelter advances with power deal but energy prices are still tricky

American Electric Power (AEP) is the parent company of the Public Service Company of Oklahoma (PSO), the utility company negotiating with Emirates Global Aluminium (EGA) and Century Aluminum for a new 750,000 metric ton/year smelter near Tulsa.

Energy
Infrastructure
Midwest premium
Primary aluminum
Production
Rates
Smelter

During remarks during AEP’s fourth quarter earnings presentation, CFO Trevor Mihalik highlighted the company’s increase in “total secured incremental demand,” representing 56 gigawatts (GW) covered by signed agreements.

Greg Wittbecker

Veteran aluminum executive Greg brings over 40 years of leadership experience from Alcoa, Cargill, and CRU. He offers rare depth in commercial strategy, policy analysis, and industry evolution, with expertise spanning the trading floor to the boardroom. You can reach Greg at Greg.Wittbecker@crugroup.com or 865-621-4564.