Tuesday, April 21, 2009

Catching up on Alcoa

Some events worth noting in the dispute between Alcoa Power Generating Inc. and the state of North Carolina. Gov. Bev Perdue recently asked the Federal Energy Regulatory Commission to allow the state to intervene in a long-running legal process involving Alcoa's application for renewal of its federal license to operate hydroelectric projects on the Yadkin River. Late last week Alcoa formally asked the commission to reject the governor's request. Here's a snippet from the company's announcement:

"APGI filed a response with FERC, noting that Gov. Perdue’s motion “lacks justification and legal merit” and “should be denied expeditiously.”

"The company explains that Gov. Perdue’s motion to intervene is “unnecessary and duplicative because the State of North Carolina is already a party to this proceeding.” The N.C. Department of Environmental and Natural Resources (DENR) has been actively involved in the relicensing process since 2002 and has acted in an official capacity on the State’s behalf. DENR formally intervened in the Yadkin Project relicensing on February 22, 2007.

“The relicensing process has been ongoing for more than six years, and North Carolina has been involved from the beginning,” said Gene Ellis, APGI Relicensing & Property Manager. “The issues raised in the Governor’s filing have been fully vetted and FERC staff has already recommended issuing a new long-term license to APGI. The intervention is simply a belated attempt to take a privately-owned business for the benefit of the State.”

But Friday afternoon, the state's lawyers received word that FERC had acted "in record time" and had approved Perdue's request for late intervention in the process.
Here's the governmentese from FERC:

On December 28, 2006, the Commission issued a Notice of Application Accepted
for Filing and Soliciting Motions to Intervene and Protests for the relicensing of Alcoa Power Generating, Inc.’s Yadkin Hydroelectric Project No. 2197, located on the Yadkin River in Stanly, Davidson, Davie, Montgomery, and Rowan Counties, North Carolina.

On April 1, 2009, the State of North Carolina filed an untimely motion to
intervene in this proceeding.1 On April 15, 2009, Alcoa Power Generating, Inc. filed a timely answer in opposition to North Carolina’s motion to intervene. On April 16, 2009, Stanly County filed a timely answer in support of North Carolina’s motion to intervene. Pursuant to Rule 214,2 the motion to intervene filed by the State of North Carolina is granted, subject to the Commission’s rules and regulations.

Tuesday morning the N.C. Water Rights Committee posed a question:
Will Alcoa Sell the Yadkin Hydroelectric Project to the Chinese?.

Read more about it here.

13 comments:

Anonymous said...

Bev Perdue has just proved that she is a fascist and must be removed from office by any means necessary.

Anonymous said...

This whole business about Alcoa being sold to the Chinese is just a smokescreen to keep people from focusing on the fact that a government takeover will cost North Carolina taxpayers more than $500 million. Alcoa is the largest aluminum company in the world. They aren't going anywhere.

Anonymous said...

This process and the behaviors of Stanly County officials become more nutty each day.
Guys, the folks in Stanly County NEED JOBS beyond Wal-Mart or Sonic levels of income.
These behaviors will have a chilling effect on any manufacturing company or materials company (which typically require large infrastructure investment) locating in Stanly County.
Any shareholder in this economic climate would not support any company officer who wished to move to the area.
If I were a competitor to Stanly County, I would down-load the Charlotte Observer coverage of this fiasco and present it in any competition with Stanly County because the behaviors of Stanly County leaders such as Dennis, Dunevant, Dick and Walters as well as Perdue and Crisco at the state level send a HUGE MESSAGE that any company's facilities and shareholders assets are at risk for theft by these yahoos. The poor people of Stanly County are gonna get screwed.

rickb said...

Yeah, anonymous 6:17...

like all those jobs Alcoa's creating in Stanley County, right?

Hired Alcoa "moles" like you really should post their names on this blog.

Anonymous said...

Those jobs are not coming back. The smelter operation was too small and inefficient to compete in today's global markets. Stanly County needs to recruit more industries to relace lost ALCOA jobs, textile jobs and farm jobs. Hostile behavior of Stanly County and State leaders towards a business like ALCOA that incorporates theft of ALCOA shareholder's assets is going to keep viable businesses that might bring jobs to Stanly County so the local citizens can help themselves to keep on going and re-locate in other places that are not led by such short-sighted folks as Dennis, Dunevant, Dick etc.
If the individuals above's interests lie with their fellow citizens, they would stop their harmful efforts.
If Dennis, Dunevant, Dick, Crisco and Perdue want the dams, raise the money and buy 'em at fair market value
By the way, I have never gotten a dime from ALCOA. However, I feel very sorry for folks being manipulated beyond their own good sense by Stanly County and State leaders on this matter. They are the ones who will pay for this folly.

Anonymous said...

9:05 - Alcoa employs 87,000 people. You probably collect welfare.

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