12 unchanged sentences
Market-Based Electrical Power Agreements
−Removed: Hawesville and Sebree have a market-based electrical power agreement with Kenergy and Century Marketer, LLC ("Century Marketer"), Century's wholly-owned subsidiary that acts as a MISO market participant.
−Removed: Under this agreement, Century Marketer purchases electrical power on the open market for resale to Kenergy, which then resells the power to Hawesville and Sebree at MISO energy pricing, plus transmission and other costs incurred by them.
+Added: Sebree has a market-based electrical power agreement with Kenergy and Century Marketer LLC ("Century Marketer"), Century's wholly-owned subsidiary that acts as a MISO market participant.
+Added: Under this agreement, Century Marketer purchases electrical power on the open market for resale to Kenergy, which then resells the power to Sebree at MISO energy pricing, plus transmission and other costs incurred by them.
Business - Key Production Costs - Electrical Power Supply Agreements for additional information about these market-based power agreements.
11 unchanged sentences
Electrical power price sensitivity by location:
−Removed: Hawesville Sebree Mt.
Holly Grundartangi Total
14 unchanged sentences
We may manage our exposure by entering into foreign currency forward contracts or option contracts for forecasted transactions and projected cash flows for foreign currencies in future periods.
−Removed: We have entered into financial contracts to hedge the risk of fluctuations associated with the ISK and Euro under our casthouse currency hedges.
Natural Economic Hedges
7 unchanged sentences
Our risk management activities do not include any trading or speculative transactions.
−Removed: Asset Fair Value Fair Value with 10% Adverse Price Change
+Added: Asset Fair Value Asset Fair Value with 10% Adverse Price Change
2025 2024 2025 2024
12 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.