Does Alcoa pay a fee for its right to use our North Carolina public water resources as a source of fuel to produce power along the Yadkin River…like they do in Washington State and New York State?

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Does Alcoa pay a fee for its right to use our North Carolina public water resources as a source of fuel to produce power along the Yadkin River…like they do in Washington State and New York State?

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Alcoa is not charged a fee based on its profits; it appears that the Company earns annual revenues in excess of $40 million from sales of the power generated at its hydroelectric projects along the Yadkin River. Because only Alcoa has hydroelectric operations on the upper Yadkin – and will maintain that exclusive status for another 50 years if FERC renews its current license – many North Carolinians view this as an unfair monopoly of our state’s water rights. They believe that the State needs the ability to control the Yadkin River in the interest of its citizens more directly, in the future, and that the issue is important enough and reason enough to ask FERC to deny the license and recapture the project for public gain, if Alcoa fails to acknowledge the State’s interest.

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