A River of Opportunity: How the Yadkin River Can Provide Wealth and Jobs for North Carolina

This report focuses primarily on the economic benefits North Carolina could realize from obtaining the Yadkin Project license. The direct and indirect impacts of continued hydroelectric generation can be quantified in dollar terms using widely accepted economic models. This report was prepared by Central Park NC under award 04-8806648 from Economic Development Administration, U.S. Department of Commerce. The statements, findings, conclusions, and recommendations are those of the author(s) and do not necessarily reflect the views of the Economic Development Administration or the U.S. Department of Commerce.

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The Value of a River

Economist says that if the state received the standard 50-year federal license to operate hydroelectric facilities on the river, and implemented proper oversight of them, the setup can result in more than $1.2 billion in additional state revenues, and the creation and addition of 14,000-75,000 jobs.

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Public Comments for Alcoa's new 401 Water Quality Certificate

On November 28, 2012 the NC Division of Water Quality (DWQ) issued a public notice that Alcoa had reapplied for its 401 certification from the state, and set a comment deadline of January 18, 2013. Less than two weeks later, DWQ wrote to Alcoa stating that the application was incomplete and that until the company gave the missing information to the agency, the application would be placed on hold. Because the public cannot comment on an incomplete application, the comment period should have been extended. A few days before the January 18th deadline, attorneys for the state confirmed that the company had not yet provided the missing information, and consequently, the comment deadline would be extended until the application was complete.

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Shuttered Alcoa Smelter

Victory for the Yadkin! ALCOA gives up on 401 water quality certification appeal

In a big victory for everyone who depends on the Yadkin River, and particularly in Stanly County, who has been fighting for clean water and the return of the Yadkin River to the citizens of North Carolina, Alcoa Power Generating Inc. (APGI) announced that it has filed a motion for an order dismissing its appeal concerning the revocation of the 401 water quality certificate for the Yadkin Hydroelectric Project.

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Yadkin River Advocates Urge Perdue to Deny Alcoa Certificate

Gov. Bev Perdue decides whether to grant Alcoa Inc. a water-quality certificate in exchange for a new manufacturing plant that will create about 450 jobs in Stanly County. The permit is a key piece of documentation that is needed for Alcoa to renew its 50-year license to operate four hydroelectric dams on a 38-mile stretch of the river. The dams generate millions each year in electricity sales.

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