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Port Townsend Paper mill reaches agreement with Washington utility to lock in power rate for two years

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Port Townsend Paper mill reaches agreement with Washington utility to lock in power rate for two years

April 26, 2011 - 06:35
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PORT TOWNSEND, WA, April 26, 2011 (Peninsula Daily News ) -The Port Townsend Paper Corp. mill has struck a contract agreement with Bonneville Power Administration to lock in the mill's power rate for at least two years, a move heralded by the mill's president as "sustaining 300 family-wage jobs."

The new contract for Jefferson County's largest private employer will provide more than two years of low-cost federal power to Port Townsend Paper Corp.

"As a longtime BPA customer, PTPC is pleased to have signed this power contract," said Roger Loney, Port Townsend Paper Corp. president, in a statement.

Peninsula Daily News - Port Townsend Paper mill locks in low-cost power for another two years

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