N.C. Legislative Leaders Introduce Bipartisan State Bill Supporting Creation Of Yadkin River Trust
N.C. Water Rights Committee Commends Senate Majority And Minority Leaders For Supporting Measure Benefiting State’s Economic And Environmental Future
The Yadkin River Trust addresses three key issues associated with relicensing the Yadkin Hydroelectric Project, which includes powerhouses and dams at the power at
However, the Trust will provide more benefits to
- An assurance that the water of the
Yadkin, which the public owns, will be valued for the benefit of all North Carolinians rather than exploited for profit. Under current law, should Alcoa Power Generating, Inc. (APGI) receive a 50-year license issued by the Federal Energy Regulatory Commission (FERC) for the Project, it could sell the license for profit at any time to any company, including foreign interests, and all terms and power of the license for the Project would remain unchanged for its 50-year duration.
- Priority consideration to local needs, with the intent of restoring and improving the environmental, economic and job considerations in and around the Yadkin River.
- Power generated from the Project will be used for the benefit of the electricity consumers of
North Carolina, not a multinational company answerable to no one in North Carolina.
- All Alcoa properties in
Stanly Countywill be tested for public health purposes.
The bill also establishes a Board of Directors of seven members appointed by the Governor and confirmed by the General Assembly to oversee the Yadkin River Trust and carry out its goals and activities. At least two of the directors will have substantial work experience within the operations of electric cooperatives or investor-owned utilities or substantial experience on an electric cooperative board or investor-owned utility board but must not serve as an employee or board member of an electric cooperative or investor-owned utility during their term as a director.
If approved by the state House and Senate in this session of the General Assembly, the bill would go to Gov.
Currently APGI needs a 401 Water Quality Certification from the N.C. Division of Water Quality (DWQ) along with the FERC license in order to continue to operate the four dams in the Yadkin Hydroelectric Project as it has done since its first 50-year licensing from the FERC in 1958. The DWQ decision has been delayed at least until May due to a
Besides the N.C. Water Rights Committee, other groups on record as opposing APGI’s operation of the Project include the
“This bill reflects the incredible support state leaders have for reasserting our water rights,” said
Media Contacts: Michelle Wingate MMI Associates, Inc. (919) 233-6600 (919) 233-0300 (fax) email@example.com
SOURCE The N.C. Water Rights Committee