Local Businesses Closely Watching Washington
Save Email Print
Bookmark and Share
Posted: 10:28 PM Jan 6, 2009
Local Businesses Closely Watching Washington
Priority number one for Congress and the Obama administration will no doubt be getting the economy back on track. Whatever action is taken, the ripple effects will be felt right here at home, and some West Virginia companies are keeping a close-eye on Washington.
Reporter: Will Jones
Email Address: will.jones@wsaz.com
width:200 and height: 150 and picwidth: 200 and pciheight: 150
Font Size:

JACKSON COUNTY, W.Va. (WSAZ) -- Priority number one for Congress and the Obama administration will no doubt be getting the economy back on track.

Whatever action is taken, the ripple effects will be felt right here at home, and some West Virginia companies are keeping a close-eye on Washington.

Century Aluminum, the biggest employer in Jackson County, W.Va., is hoping a stimulus package can turn its fortunes around by providing a much needed boost to the aluminum market.

"We have situation where if the stimulus packages begin to work, demand will increase," said Jim Chapman, vice president of Century Aluminum. "If aluminum consumption goes back up, the demand and supply imbalance will not be there. Pricing will come back to the position it was at."

The price of aluminum dropped by 60 percent last year, and Century Aluminum told its 685 workers that their days are numbered if the current trend continues.

Now, company leaders are waiting to see what action lawmakers will take to deal with this nationwide economic crisis.

Latest Comments

Posted by: RoaneCo. on Jan 7, 2009 at 08:11 AM

I agree with Susan. I think I read somewhere that AEP's third quarter net profits was around $375 million. These utility companies and Big Oil are raping this country and our own government lets it happen.
Posted by: Susan on Jan 7, 2009 at 06:23 AM

The Government needs to do something with AEP I don't get how someone with can legally double our bill because of some other business going out of business. To me what is there to make up. If it goes out of business then shut all the power off not add their bill to mine and others to make up for it. Something really needs to be done to control the cost of all utilitys.
Posted by: Anonymous on Jan 7, 2009 at 01:13 AM

I hope everything works out for the best. I would hate to see all those workers lose their jobs. They have my prayers.
More Stories
$310,000,000
Go to our mobile site | Make this your homepage (IE)
Live Feed Now on the Always On Channel

Local Events

Loading…
Events by eviesays.com
WSAZ Digital Business Search
Popular Searches
Powered by Local.com
Click here to send us your pictures and video pix@wsaz.com
WSAZ.com Most Popular / Most Comments
CNN.com News Headlines
WSAZ.com Sponsor Sections & Links
SOMC-Very good things are happening here SOMC
Very good things are happening here. Click here to learn more
Click here for closing and delays
Click here for school closings and delays
West Virginia Lottery nightly @ 6:59pm on WSAZ click here for numbers and drawings
Watch the Lottery Live Monday - Saturday @ 6:59pm on WSAZ NewsChannel 3. Need to check your numbers? Click here.
Ohio Lottery
Watch the Ohio Lottery Drawings weeknights @ 7:29pm and Cash Explosion Saturday @ 7:30pm on WSAZ NewsChannel 3.
WSAZ Children's Charitable Foundation
Click here to donate and help WSAZ help children at risk in our region. Thank you.
Making Moms LIfe Easier - with Diane Dimoff
Click here to see how our partners are making Moms and women's lives easier.
First Warning Hour-By-Hour Forecasts
+ Ashland, KY
+ Athens, OH
+ Beckley, WV
+ Charleston, WV
+ Clarksburg, WV
+ Clay, WV
+ Gallipolis, OH
+ Huntington, WV
+ Ironton, OH
+ Logan, WV
+ Morgantown, WV 		+ Paintsville, KY
+ Parkersburg, WV
+ Pikeville, KY
+ Pomeroy, OH
+ Portsmouth,OH
+ Ripley, WV
+ Spencer, WV
+ Sutton, WV
+ Wayne, WV
+ Wheeling, WV
+ Williamson, WV