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The Truth About Recapture of the Yadkin Hydroelectric Project – From Alcoa’s Own Words
The following documents rebut several defenses by Alcoa about the state of North Carolina recapturing its water rights for the Yadkin Hydroelectric Project, which Alcoa wants to continue to monopolize for profit over community needs for another 50 years.
The first addresses the claim that recapture never was an option. In fact, it was part of the original licensing for Alcoa. For the “1958 Alcoa Corporate Officer Acknowledgment of Recapture” PDF, note on page three the statement that specifically says “Under Section 14 of the Act, any project may be ‘recaptured’ at the expiration of the license term.” Note as well that the standard license at the time was for 30 years, but Alcoa argued it needed 50 years instead for its investment in the smelting operations...Download
The second proves that despite what Alcoa says, it does not get to negotiate the purchase price of the recapture cost – that amount is defined in the federal guidelines it agrees it will follow. Exhibit D from Alcoa’s 2006 licensing application to the Federal Energy Regulatory Commission includes language on page two that we at N.C. Water Rights Coalition have used to describe the real cost of recapture – that under Section 14 of the Federal Power Act, Alcoa would be reimbursed for its net investment not to exceed fair value, plus any severance damages suffered. That amount is nowhere near what Alcoa claims it is owed for recapture, as shown by the figures.
This second document also acknowledges what Alcoa denies – that this licensing does not involve taking of private property, as Alcoa does not own the Project...Download
FERC Final Impact Statement
Table of Contents for June 27, 2008 Comments of Stanly County critizing FERC Staff Environmental Impact Statement...Download
Environmental Impact Statement
June 27, 2008 Comments of Stanly County criticizing FERC Staff Environmental Impact Statement...Download
Dr. John Rodgers Report
John Rodgers - April 29, 2008 Review of Data and Proposals Regarding Water Quality in Badin Lake - Risks and Dam or Hydropower Operations - discusses many water quality problems in Badin Lake
...Download
Dr. Rodgers
Dr. Rodgers is an internationally respected water quality expert who has authored and co-authored books and articles that make up a list that is 66 pages long!...Download
Petition to Intervene
1957 Petition to Intervene filed by State of North Carolina in support of Alcoa's 50-year license, issued in 1958 by the Federal Power Commission (now FERC). The State of NC supported Alcoa back then because of the jobs and other economic benefits that the Yadkin Project would bring to the people of North Carolina. That economic benefit has ended and so has the rationale for Alcoa receiving another license...Download
Truth About ALCOA
Despite the spin, distractions and outright misrepresentations about legislation and legislators made by Alcoa, the truth is that SB 967 is it has nothing to do with eminent domain and does not take property from anyone...Download
State Trust Concept
Christopher Bramlett, treasurer of N.C. Water Rights Coalition, discusses the State Trust Concept as a better option to own and manage the Yadkin Hydroelectric Project than what Alcoa currently proposes. The podcast addresses the implementation and cost of the Trust, as well as the consequences of allowing Alcoa to have a monopoly on North Carolina's natural water resources for the next 50 years.
Stanly County Urges North Carolinians To Recapture Their Water From A Multinational Corporation - Part II
In this podcast, Roger Dick, president/CEO and founder of Stanly County's Uwharrie Capital Corp, discusses the importance of North Carolina recapturing its water from Alcoa.
Dick points to specific statewide benefits of recapturing its water from a private multinational corporation and refers to North Carolina water policy as one of the single-largest economic and environmental issues affecting our state.
This is part two of a two-part podcast.
Listen to Roger Dick for more information.
Stanly County Releases Podcast Discussing Benefits Of Recapturing The Yadkin River - Part I & amp;Part II
In this podcast, Lindsey Dunevant, county commissioner, discusses why the Yadkin River is such an important resource for both Stanly County as well as the state of North Carolina.
Dunevant calls attention to the benefits of recapturing the Yadkin River as a major water source and refers to water as "the next oil" for both North Carolina and the United States.
This is a two-part podcast.
Listen to Lindsey Dunevant - Part I
Listen to Lindsey Dunevant - Part II
What would happen if the FERC license for the Yadkin River Hydroelectric Project was held in Trust for the people of North Carolina?
The key concept is for the State to establish a Trust with respect to the ownership and management of the Yadkin River Project on behalf of the citizens of North Carolina. The Trust would obtain and secure the License issued by the Federal Energy Regulatory Commission (“FERC”) for the Yadkin River Hydroelectric Project currently held by Alcoa Power Generation, Inc. The Trust could do this through the current relicensing process before FERC and through other available legal means. A vital component of such an arrangement would be for the Trust to honor aspects of the Relicensing Settlement Agreement (RSA) negotiated by public and private entities including, but not limited to: Read more...
Author Warned of Fights for Public Resources 50 Years Ago
In spite of what some have said, opposition to the idea of granting a private monopoly over a public resource, such as what Alcoa wants to achieve in its relicensing application for 50 years of hydroelectric operations on the Yadkin River (the Yadkin Project), is not new. In fact, concerns about such a situation already existed nearly 50 years ago, ironically enough. Read more...
The Yadkin River & Hydropower: The Potential For Abuse
Hydropower is our nation’s leading renewable energy resource. According to the Energy Information Administration (www.eia.doe.gov), depending on when it is measured, hydropower generates more than 10 percent of the total U.S. energy supply.
Read more...
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