NCPI Workmark
Articles in regional publications that pertain to a wide range of North Carolina-related topics.

Water War

Record #:
16662
Author(s):
Abstract:
Alcoa Power Generating, Inc. received a 50-year lease in 1958 to generate hydropower on the Yadkin River. Four dams were built to power the nearby Alcoa aluminum plant which employed 1,000 in Stanly County and the town of Badin. The lease expired in 2008, and the plant closed in 2002. The dams still generate power which nets millions in profit yearly for Alcoa. The dams belong to Alcoa but the water belongs to North Carolina. The governor and Stanly County officials opposed renewal of the lease because the company is making money but not putting much back into the area. The dispute is now in the courts.
Source:
Business North Carolina (NoCar HF 5001 B8x), Vol. 32 Issue 1, Jan 2012, p36-41, il, por, map