Alcoa Vows to Fight Efforts to Seize Privately-Owned Business
Proposed bill in the N.C. General Assembly would forcibly seize hydropower business along the
“This has absolutely nothing to do with protecting North Carolina’s water. It has everything to do with the government trying to take a privately-owned business for its own benefit,” said
Beginning in 1915, Alcoa invested
“There are established state and federal processes for relicensing hydroelectric projects and Alcoa has played by the rules,” Ellis explained. “Since 2002, we have pursued a new hydropower license through proper channels and with the active involvement of state agencies, local governments and the residents who live in nearby communities. There are 22 privately-owned hydropower projects in
A public opinion poll conducted by McLaughlin & Associates last year found that 71 percent of
Sen. Hartsell previously said that he had no interest in taking the Yadkin Project under any circumstances. While discussing a proposed study bill related to the Yadkin Project relicensing in a House Judiciary committee meeting on
The introduction of SB 967 represents a dramatic departure from Sen. Hartsell’s earlier comments.
“Why is this issue even on the table?” Mayor Whitley wrote in a March 2 letter to Gov. Perdue. “The only true consideration is greed, and I am appalled that the state of
“Greed for the ownership of Alcoa’s land around the lakes and greed for the revenue that the dams produce are not in the long-term best interest of the county or the state and certainly not in the best interest of the free enterprise system.”
APGI does not control access to the water in the Yadkin River, and the relicensing of the Yadkin Project will not limit the State of North Carolina’s ability in any way to withdraw water from the Yadkin River. State law gives
North Carolina’s interests have been well represented during the relicensing process and will be well protected when APGI receives a new license. The N.C. Dept. of Environment & Natural Resources and the N.C. Wildlife Resources Commission have been actively involved in the relicensing process since 2002. Both agencies helped negotiate a relicensing agreement that will improve water quality in the Yadkin River, allow for increased water withdrawals by local municipalities, better protect the water supply during drought, provide for long-term land protection and create new recreation opportunities for
Widespread support for Alcoa Power Generating Inc.
There is widespread support for issuing a new federal hydropower license for the Yadkin Project. The relicensing agreement has been signed by 23 organizations, including two municipalities in
Other supporters include state and federal agencies, environmental interest groups, and local homeowners, business groups and recreational users.
Additional Background Information
SOURCE Alcoa Power Generating Inc.