AP: Judge weighs dumping Alcoa lawsuit

Alcoa returned to U.S. District Court in Raleigh Thursday for a hearing related to the State of North Carolina's lawsuit regarding ownership of the riverbed beneath the Yadkin Project.

Here's a media report from the Associated Press about the hearing.

Judge weighs dumping Alcoa lawsuit

August 27, 2015

A federal judge questioned Thursday whether North Carolina was acting like a “banana republic” with its lawsuit challenging whether Alcoa Inc. owns the riverbed under Yadkin River dams it has operated for as long as a century.

U.S. District Judge Terrence Boyle quizzed lawyers for the state and the aluminum giant in court for an hour as he considered whether to dismiss the case. The lawsuit filed in 2013 challenges whether Alcoa holds clear title to the riverbed that allowed it to build the four dams and perhaps one day sell them.

Boyle asked state attorney Donald Teeter whether the lawsuit sought to punish Alcoa for closing its Stanly County aluminum smelter in 2007 where hundreds of people once worked.

“Why isn’t this like some banana republic that confiscates property?” Boyle said. “This is really a thinly veiled power grab.”

Read the entire article.

Alcoa Moves to Protect Rare Plant Found Only Along Yadkin River

The U.S. Fish & Wildlife shared news today about Alcoa's efforts to protect the Yadkin River goldenrod, an exotic plant that is only found on the company's property in North Carolina. Here's the article:

Alcoa Moves to Protect Rare Plant Found Only Along Yadkin River

In the shadow of the 96-year-old Narrows Dam, biologists fanned out across the rocky banks of the Yadkin River earlier this fall searching for the Yadkin River goldenrod, a plant once lost to science and only found sporadically along a 2.5-mile stretch of shoreline on the Stanly-Montgomery county line.

The plant’s only known population in the world occurs on the banks of Falls Reservoir on land exclusively owned by Alcoa Power Generating Inc. (APGI). The company recently signed an agreement with the U.S. Fish & Wildlife Service to help ensure the wildflower doesn’t go extinct but instead has every opportunity to thrive.

“We saw an opportunity to do some simple things that would mean a lot for the future of the river’s namesake goldenrod,” said Karen Baldwin of APGI. “By being good stewards of this plant now, we’re doing our part to keep if off the endangered species list in the future.”

The agreement comes as the U.S. Fish & Wildlife Service makes strides toward proactively conserving rare species before they need to be listed on the Federal endangered species list. Taking steps to conserve a plant or animal before listing enables and encourages states, private landowners, Federal agencies, and other partners to play a central role in determining the best way to conserve these at-risk species. Such an approach is cheaper than trying to recover plants and animals that have declined further, and also avoids the need for increased protections afforded by placement on the endangered species list.

"This is a good example of how we can work together with the private sector to proactively conserve species to the point where federal protection is not needed,” said Leopoldo Miranda, the Service’s assistant regional director for ecological services in the Southeast Region. “Here in the Southeast we are evaluating hundreds of species for potential listing under the Endangered Species Act. Proactive partnerships with the states and the private sector, as demonstrated here, can be replicated throughout the Southeast.”

As part of the agreement, APGI will take several steps to protect the Yadkin River goldenrod. It will annually control invasive exotic plants that threaten to out-compete the rare goldenrod; post the area for anglers tempted to leave their boats and venture onto the APGI-owned shoreline; and support efforts to annually monitor the plant’s well-being. Additionally, the U.S. Fish & Wildlife Service will work with the N.C. Plant Conservation Program to explore opportunities to harvest and spread seed to boost the existing population.

The goldenrod was first discovered in 1894 and wasn’t seen again for several decades until two state biologists independently rediscovered it in 1994. Due to its extremely limited distribution, the U.S. Fish & Wildlife Service considered placing it on the Federal endangered species list, but declined due to a lack of threats.

“At one point, we considered this species safe because of the low-level of threats, however in more recent years that has changed, threats are increasing, and thankfully APGI wants to step in to help,” said Mark Cantrell, a biologist with the U.S. Fish & Wildlife Service.

Invasive exotic plants, such as Mimosa, privet, bush honeysuckle, and Japanese honeysuckle have taken root on the shoreline. These plants aren’t native to the area, but the lack of natural controls and rapid and prolific reproduction enables them to spread and dominate an area to the detriment of native plants. As the number of people in the area has grown, the site has seen increased activity by anglers, who occasionally leave their boats and enter APGI property, where they may inadvertently trample the rare plants.

Due to these increased threats, the U.S. Fish & Wildlife Service designated the goldenrod a candidate for the Federal endangered species list in 2005. However, the agreement signed between APGI and the Service, called a Candidate Conservation Agreement, is designed to avoid that fate by implementing a series of pro-active conservation measures to protect the plant.

Alcoa relicensing agreement earns additional support

The Trading Ford Historical District Preservation Association is the latest organization to announce its support for Alcoa’s relicensing of its hydroelectric dams along the Yadkin River. The association formally endorsed the Relicensing Settlement Agreement in a filing with the Federal Energy Regulatory Commission (FERC) earlier this month.

The relicensing agreement is now formally supported by 26 organizations, including North Carolina and South Carolina state agencies, local governments along the Yadkin River, environmental organizations, homeowner associations and recreational users.

“The relicensing of the Yadkin Project is in the best interests of cultural resources in the Yadkin Project area, and is beneficial to the public in Davie, Davidson, Montgomery, Rowan, and Stanly Counties,” reads a certificate signed by Ann Brownlee, president of the Trading Ford Historic District Preservation Association.

The Trading Ford Historical District Preservation Association has been an active participant in the relicensing process for nearly a decade. It joins Stanly County and Davidson County as groups that have formally added their names to the list of relicensing supporters this year.   

Relicensing supporters now include:

State and federal agencies, including the US Forest Service, the NC Department of Environment and Natural Resources, the NC Wildlife Resources Commission, the SC Department of Health & Environmental Control, and the SC Department of Natural Resources.

Local governments along the Yadkin River, including the City of Albemarle, the Town of Badin and Davidson, Montgomery, Rowan and Stanly counties.

Environmental organizations, including American Rivers, the Land Trust for Central North Carolina, the Nature Conservancy (S.C. Chapter) and the S.C. Coastal Conservation League.

Local homeowners and recreational groups, including the Badin Lake Association, the High Rock Lake Association, the Piedmont Boat Club, and the Uwharrie Point Community Association.

Business organizations, including the High Rock Business Owners Group, the Pee Dee River Coalition, and the Salisbury/Rowan Association of Realtors.

Others supporters include the Catawba Indian Nation, Badin Historic Museum, and the Trading Ford Historical District Preservation Association. 

New Energy Capital FERC Motion Rejected

The Federal Energy Regulatory Commission (FERC) has denied the request by New Energy Capital Partners to intervene into the relicensing of the Yadkin Project. 

The FERC order, filed on May 30, 2013, states that: "New Energy has not demonstrated good cause for late intervention. The events identified by New Energy are not sufficient to show good cause why the deadline should be waived, particularly where, as here, the motion is filed six years after the deadline.”

"New Energy has failed to meet the good cause standard for granting late interventions, and therefore, its motion for late intervention is denied."

You can read the entire FERC order online at: http://elibrary.ferc.gov/idmws/common/OpenNat.asp?fileID=13268860

Click here to read the Charlotte Observer story, "Feds deny late entry into Alcoa hydro relicensing."

Alcoa and Stanly County Reach Agreement on Yadkin Project Relicensing

The Agreement Is Signed

Stanly County, N.C., and Alcoa Power Generating Inc. (APGI) reached an agreement Monday night related to Alcoa’s relicensing efforts of the Yadkin Hydroelectric Project. The Stanly County Commissioners voted 3-2 to approve the agreement, which resolves all issues between the County and Alcoa and will provide significant support for infrastructure, economic development and other county needs.

“This agreement provides significant investment in economic development and ensures that Stanly County will have long-term access to clean and affordable water, which is essential to our future growth,” said Stanly County Commission Chairman Gene McIntyre. “We are ready to move forward in a positive direction with Alcoa that will benefit Stanly County residents for years to come.”

“This agreement provides a clear and collaborative path forward that will support our efforts to bring new jobs to the Badin Business Park,” said Kevin Anton, Alcoa’s Chief Sustainability Officer. “This is a positive step for both Alcoa and Stanly County, and we appreciate the support of the County Commissioners and Representative Justin Burr in making this agreement a reality.”

As part of the settlement:

Alcoa will support Stanly County’s request to the Federal Energy Regulatory Commision (FERC) for future water withdrawals from the Yadkin River, providing access of up to 30 million gallons of water per day from Alcoa’s reservoirs. Alcoa also agreed to provide 20 acres plus right of way for a potential water treatment plant.

Stanly County will support Alcoa’s application for a new Water Quality Certificate from the North Carolina Department of Environment and Natural Resources (NCDENR) as well as its application for a 50 year FERC license.

The organizations will work in partnership on the recruitment of jobs and economic development to Stanly County and the Badin Business Park.

Alcoa will provide $3 million to Stanly County, $1 million of which will be solely for economic development purposes.  Further, Alcoa will provide $100,000 to Stanly County for each year that the term of the FERC license exceeds 40 years.

Stanly County Commissioners Reject New Alcoa Settlement Offer

The Stanly County Commissioners today failed to reach an agreement with Alcoa to resolve issues surrounding the Yadkin Project relicensing. The decision follows recent settlement discussions initiated by Stanly County. Alcoa will keep the new offer on the table until midnight on June 28.

“Commissioners Josh Morton and Gene McIntyre asked us to put together a new proposal that specifically addressed water and water infrastructure,” said Kevin Anton, Alcoa’s Chief Sustainability Officer. “We did exactly that with this proposal.” 

Anton added, “The offer we have extended to the Commissioners is valid through June 28, so we are hopeful that the citizens of Stanly County will reach out to the Commissioners and make their views known.”

The deal, which received yes votes by Commissioners Morton and McIntyre, supports the county’s efforts to access more water from the Yadkin Project; provide a $5 million contribution to support water infrastructure projects; and also include a $2.5 million payment to be dispersed over the next 10 years. In addition, Alcoa is committing to the continued implementation of a series of environmental measures to improve water quality, and both sides would drop current lawsuits. 

“We believe that Alcoa is the best operator for the Yadkin Project, and we will continue our efforts to renew our license,” Anton said. “We would like to thank Representative Justin Burr for his efforts to help mediate a settlement between the two parties. Despite today's vote, we believe our differences can be resolved through continued open and honest dialogue.”

Alcoa began the relicensing process in 2002, working closely with stakeholder organizations to develop a relicensing settlement agreement that includes environmental protections, recreational enhancements and a host of other community benefits. The relicensing benefits will be implemented once Alcoa receives a new federal license from the Federal Energy Regulatory Commission. 

Public records provide inside look at opposition to Yadkin Project relicensing

Alcoa Power Generating Inc. has launched a website, TheYadkinFacts.com, that makes public records related to the relicensing of the Yadkin Hydroelectric Project available online. Click here to view the website. 

“We believe transparency in government is important,” said Kevin Anton, Alcoa’s Chief Sustainability Officer. “The records included on this site will help make clear the activities of those pushing for a government takeover of Alcoa’s private property and dams, activities that to date have largely been kept from public view.”   

Documents contained on the site are organized around three categories — the $5+ million in taxpayer money spent by the Stanly County Commissioners to oppose Alcoa’s license; the missed opportunity to create 450 new jobs with Alcoa’s recruitment of Clean Tech Silicon & Bar; and the tactics employed by Alcoa’s opponents. 

Some of the documents on the website show that:

• Stanly County has spent more than $5 million since 2006. More than $3 million has been paid to Parker Poe Adams & Bernstein, a Charlotte law firm that has billed the county as much as $495 an hour. 
• The written agreements proposed by Alcoa and Clean Tech in December 2011 included a commitment to provide 750 jobs with an annual payroll of at least $30 million for the next 30 years. 
• The NC Water Rights Committee was a created by Stanly County. A public opinion poll and other information released under the name of the NC Water Rights Committee was actually paid for by Stanly County taxpayers. 
• A Stanly County lobbyist drafted legislation calling for a Yadkin Project Study in 2008. Alcoa’s opponents were encouraged to tell legislators “the simple bill you will be voting on just creates a study commission…," but the lobbyist had a different message for Stanly County Commissioners: “Remember that I drafted the bill and left plenty of holes wide enough to sail the recapture ship through the dams."  

This site will make available thousands of public records Alcoa received from the Stanly County Board of Commissioners, the NC Department of Commerce, and the Office of the Governor in response to public requests requests that began in 2008.  An initial set of documents is now available, and a searchable database of all public records provided to Alcoa is under development. New documents will be added frequently.

For more information, visit the website at www.theyadkinfacts.com. 

Alcoa Investments Improving Water Quality at Yadkin Project

Water quality at the Yadkin Project has improved dramatically since we invested more than $5 million in turbine upgrades and other enhancements specifically designed to increase the amount of oxygen in the water.

That's the finding of a report on water quality that APGI released this week. It shows that water discharged from the Narrows Dam contains the highest concentration of dissolved oxygen — a key indicator of water quality — since we began monitoring water quality in 2007. This demonstrates that the Yadkin Project’s water quality is consistently improving, as measured by state standards for dissolved oxygen that will take effect when we receive a new federal license.

Why is this important? It's further evidence that the Yadkin Project deserves the state water quality certificate it was issued in 2009. A water quality certificate is a requirement for receiving a new FERC license.

We have installed new technology at three turbines at Narrows Dam, and water discharged from Narrows would have met the new state standard 100 percent of the time in 2011 — a 115 percent improvement since the majority of the work at Narrows was completed in 2007. We were confident that this technology would significantly improve dissolved oxygen conditions and it has.

In addition, APGI has committed to invest up to $80 million more to continue improving water quality at the Yadkin Project, beginning with a $40 million investment at High Rock Lake. Once we complete those upgrades, the Yadkin Project will fully comply with state water quality standards.

Click here to read the press release.
Click here to view the complete report.

David Stickler: Clean Tech did its best

The Winston-Salem Journal published a guest column today from David Stickler, a member of Clean Tech's Board of Directors, about why the company was unable to reach an agreement with the Stanly County Commissioners.

"If there had been true interest by Stanly County in finding a path forward, I feel certain that Clean Tech and Alcoa could have mitigated all of the concerns that were raised — even those raised at the 11th hour," Stickler wrote

"But there was one fundamental problem: Every time we mitigated or structured around one concern, the county would simply present another concern that then needed to be addressed."

The entire article is reprinted below:

Clean Tech did its best

By DAVID STICKLER

Now that Clean Tech has abandoned its plans to build a $300 million manufacturing plant and create 450 new jobs in Stanly County, I see that there is already a lot of finger-pointing in the press about why we were unable to reach an agreement with the Stanly County commissioners. Having been directly involved in the process of trying to structure a transaction that met the county's concerns, let me share my perspective.

If there had been true interest by Stanly County in finding a path forward, I feel certain that Clean Tech and Alcoa could have mitigated all of the concerns that were raised — even those raised at the 11th hour.

But there was one fundamental problem: Every time we mitigated or structured around one concern, the county would simply present another concern that then needed to be addressed.

First it was environmental. Then it was jobs. Then it was the number of jobs. Then it was the length of the jobs commitment.

In a final effort to reach an agreement Thursday evening, Clean Tech teamed with Alcoa and committed to creating 750 jobs with a payroll and benefits commitment that started at $30 million a year and increased over time to more than $43 million a year. The commitment would have lasted 50 years.

But even after these commitments were put on the table and the previously identified concerns addressed, the county began raising new obstacles, some of which involved the most unlikely of business scenarios. So I asked the county directly: If we can resolve these latest concerns, will you create a path forward? Unfortunately, the response received led Clean Tech to conclude that there would always be one more challenge to overcome and that the process would never end.

At that point, Clean Tech finally had to say enough is enough. We had tried our best.

Issues surrounding the relicensing of Alcoa's dams were obviously a major sticking point for the county. It is important for everyone to know that Clean Tech never tried to infringe on Stanly County's or North Carolina's legal standing with respect to having a voice at the table regarding permits, 401 certificates or government authorizations. All Clean Tech was looking for was an assurance that the county and the state would allow the regulatory process to move forward in a timely manner so that we could begin the construction and hiring process.

As we prepare to move forward with our plans to locate the Clean Tech plant in another state, I feel terrible for the citizens of Badin and Stanly County who would have benefited from the investment that Clean Tech was trying to make. The support of the citizens for the Clean Tech project was overwhelming. I am sorry that things did not work out differently.

Clean Tech issues press release

Clean Tech distributed the following press release this morning.

Clean Tech abandons plans to develop its $300-million 

manufacturing plant in North Carolina

Clean Tech Silicon and Bar LLC announced today that it was abandoning its plans to invest $300 million and create 450 jobs in Stanly County, NC, in the town of Badin. A December 15 deadline to reach an agreement passed without an agreement being reached with either the Stanly County Commissioners or North Carolina.  

The Stanly County plant was to be located on an industrial site owned by Alcoa and would have created 450 new jobs. Clean Tech would have employed 250 people with an average wage of $55,000 per year and created an additional 200 support jobs with an average wage of $40,000 per year.

Key elements of the proposed Clean Tech agreement included:

• A 30-year commitment to Stanly County in terms of investment, job creation and related payroll. 

• A commitment to forego certain tax breaks available to all scrap metal recycling companies operating in North Carolina and pay full property taxes. 

• A pledge to provide $500,000 a year to educational institutions in Stanly County.

In a last effort to try and reach agreement with Stanly County and North Carolina, Clean Tech teamed with Alcoa and offered to commit to creating a total of 750 jobs with a payroll and benefits commitment that started at $30 million and increased over time to more than $43 million annually.  The jobs and payroll commitment would have lasted for fifty years.

In announcing that it was abandoning its plans to invest in Stanly County, Clean Tech noted that unlike almost every other economic development project recently announced in North Carolina, Clean Tech was not seeking government subsidies, incentives or tax holidays and was instead looking to benefit from a substantial package of incentives Alcoa was providing to support Clean Tech’s investment in the town of Badin at the site of its former aluminum smelter. 

The Alcoa incentive package included a direct investment in Clean Tech, a long-term purchase commitment, and an agreement to significantly lower Clean Tech’s cost of electrical power. 

John Correnti, Clean Tech’s chairman, stated, “I am disappointed that things did not work out differently and that the legal maneuvering related to North Carolina’s and Stanly County’s attempts to take control of Alcoa’s hydroelectric dams finally forced us to move on. We tried our best but in this case other agendas prevailed.”  

Correnti went on to state that “Clean Tech greatly appreciates the enthusiastic support for Clean Tech shown by the good folks of Stanly County and the town of Badin.  They deserved a better outcome.”

Clean Tech expects to announce its new location shortly after the year-end holidays. 

# # #

Commissioners walk away from deal to bring $300M investment, 450 jobs to Stanly County

Alcoa remains committed to attracting new jobs to Badin, obtaining new hydro license for Yadkin Project

  

Stanly County Commissioners failed to agree on a plan to bring a $300 million investment and 450 new jobs to the County, effectively walking away from a one of the largest economic development projects in the county’s history. 

Clean Tech Silicon & Bar LLC, led by former Nucor CEO John Correnti, had set a December 15 deadline for the company to reach an agreement with Stanly County that would have allowed the silicon and rebar manufacturing plant to move forward. After several meetings this week, the Commissioners failed to reach agreement with Alcoa and Clean Tech. 

“Opportunities like this don’t come along very often, and it’s incredibly disappointing that these 450 new jobs will not be coming to North Carolina,” said Kevin Anton, Alcoa’s Chief Sustainability Officer and the executive responsible for the Company’s recruitment of Clean Tech. 

Despite the obstacles that forced Clean Tech to abandon its plans in Stanly County, Anton says Alcoa will continue working to bring other businesses to town. 

“Alcoa remains committed to attracting new jobs to the Badin Business Park. We will follow through on our plans to improve water quality and protect the environment, and we will continue to vigorously pursue a new license for the Yadkin Hydroelectric Project,” Anton said. “Our goals remain the same, no matter how long it takes to reach them.”  

Recruiting Clean Tech

Alcoa began discussions with Clean Tech this summer, and the prospect of bringing hundreds of new jobs to Stanly County excited residents. Local elected officials and community leaders organized a “rally for jobs” in October that drew a crowd of 750 people. 

“The support of Mayor Harrison, Mayor Whitley, and other community leaders was overwhelming,” Anton said. “We appreciate the support of so many local residents and will continue working on their behalf to bring new jobs to Badin.” 

Alcoa offered a substantial package to Clean Tech as part of its recruitment efforts, including a commitment to invest in the company and purchase silicon for aluminum alloying. In addition, Alcoa offered economic incentives that would allow Clean Tech to obtain affordable power.    

Alcoa could only afford to offer those incentives if it obtains a new hydro license for the Yadkin Project, which it has owned and operated for nearly 100 years. Stanly County officials have delayed the relicensing with various legal challenges.  

Alcoa proposed a settlement to Stanly County in exchange for dropping its legal challenges and paving the way for Clean Tech to invest in Stanly County. The Company committed to attract approximately 750 new jobs within four years and attract $400 million in investments in the next five years — measures that would have spurred local spending and generated millions in new tax revenue. In addition, Alcoa pledged to contribute $6 million to Stanly County for education and other needs over the next two years.  

To address concerns that the jobs and investment would not materialize, Alcoa provided financial assurances that could generate more than $50 million for economic development in the region if Alcoa failed to meet its commitments.  

“We made our best effort to reach an agreement that would have an immediate, positive impact on the local economy and put these issues to rest,” Anton said. “Instead, it looks this process will continue for years to come.”  

Redeveloping the Badin Site

Alcoa has been working diligently to attract new jobs to Stanly County. Beginning in February, the company accelerated its plans to redevelop the former Badin aluminum smelter. It invested $10 million to turn the plant into the Badin Business Park and aggressively reached out to customers and business partners as part of its efforts to bring new jobs to North Carolina. 

Earlier this year, Alcoa successfully recruited Electronic Recyclers International, the nation’s largest electronic recycling company, to Badin. ERI began hiring this summer and will move into a larger, newly renovated facility early next year that will employ 200 people. Alcoa invested $5 million in building renovations to accommodate ERI.     

“The Badin Business Park is a great manufacturing site that is ready to come to life,” Anton said. “Clean Tech was an ideal fit in many respects, but we remain committed to redeveloping the Badin site and will continue to recruit companies to locate at the Badin Business Park.”  

Salisbury Post editorial supports Alcoa agreement

The Salisbury Post published an editorial on Sunday supporting Alcoa's efforts to attract new jobs to the Yadkin region and end the debate over the relicensing of the Yadkin hydro project:

"Like many of the diverse stakeholders involved in this process, we believe working with Alcoa is a better option than continuing this standoff in hopes of recapturing the license and taking over the Yadkin dams.

"No, there aren’t any iron-clad guarantees. But a hard-fought settlement with Alcoa offers a clearer outcome than the turbulent, muddy waters that lie in the other direction."

Alcoa has committed to attracting new jobs and investment to Stanly County, including a $300 million plant from Clean Tech Silicon & Bar that will create 450 new jobs.  In addition, Alcoa and Clean Tech have made commitments that could generate an additional $1 million a year for Stanly County schools.

With Clean Tech's December 15 deadline quickly approaching, the Stanly County Commissioners must decide whether to embrace the new jobs that Clean Tech will bring or continue legal challenges that could last another decade or more. The Commissioners meet tonight at 7:00 pm in Albemarle.

Click here to read the entire Salisbury Post editorial. 

Clean Tech sets December 15 deadline for Stanly County project

Stanly County stands to lose 450 high-paying jobs if an agreement to bring Clean Tech to Badin cannot be reached within the next month

Clean Tech Silicon & Bar still hopes to build a $300 million manufacturing plant in Stanly County that will create 450 high-paying jobs. But the company informed the Stanly County Commissioners today that it will eliminate the Badin site from consideration if an agreement cannot be reached by Thursday, December 15. Clean Tech is also considering sites in Mississippi and other states.

“Badin is an ideal location for our company and we are ready to move forward with this project immediately and create jobs. But we cannot continue to wait on the sidelines for the Stanly County Commissioners to act,” said John Correnti, chairman of Clean Tech and former CEO of Nucor.

The Clean Tech project would create 250 direct jobs with an average annual salary of $55,000 and 200 support jobs with an average annual salary of $40,000.

In a letter to the Stanly County Commissioners, Clean Tech officials expressed frustration that the commissioners have refused to meet with the company since July to discuss ways to advance the project. Clean Tech offered again to meet with county officials and discuss how to make this project a reality.

Clean Tech’s interest in Stanly County rests in part on incentives offered by Alcoa, including an investment into the joint venture and other support that will significantly lower operating costs. Key to making the incentive package viable is renewal of a federal hydropower license for Alcoa Power Generating Inc.’s Yadkin Project, which will help fund some of the incentives. Stanly County has filed legal challenges that have delayed the relicensing process.

In an effort to reach an agreement with Stanly County, Alcoa has offered a deal worth more than $50 million. The Company has committed to recruiting new jobs that will generate $30 million in annual compensation; has pledged to attract $400 million in investments that will generate more than $2 million a year in additional tax revenue for the county; and has offered to contribute $6 million to the county for public education and other pressing community needs. If Alcoa fails to meet those commitments, it will provide up to $1.2 million a year to Stanly County for the next 40-50 years.

The December 15 deadline is driven by the expiration of Clean Tech’s project development agreement with Alcoa and other business partners.

Stanly County has an unemployment rate of 10.9% and its residents are desperate for new jobs. A rally for Clean Tech jobs recently attracted a crowd of 750 people, and a local job fair for Electronic Recyclers International (ERI) this summer brought in more than 1,000 applications for 25 jobs, indicating a high degree of interest in employment opportunities.

Alcoa has actively worked to recruit new jobs to Stanly County since closing the Badin Works smelter in 2010. ERI, the nation’s largest recycler of electronic waste, opened a regional recycling facility in Badin in May 2011 and will move into an expanded building in January 2012. The company plans to hire 150 people by early 2013.

Stanly County business leader speaks out in support of Alcoa

A respected Stanly County business leader is speaking out in support of Alcoa's effort to recruit new jobs to Stanly County and obtain a new federal license for the Yadkin Hydroelectric Project.

Dick Storm, CEO of Storm Technologies in Albemarle, sent a letter to Inside Stanly and the Stanly News and Press outlining why he supports Alcoa.

He highlights the high unemployment rate in Stanly County and the availability of the Badin site as the best industrial site in the region.  "Alcoa is sincerely trying to rejuvenate industry in Badin," Storm writes. "If they are not able to relicense the Hydropower facilities, not only does Stanly County appear 'Anti-Industry' but no one else is better equipped to provide economic development."


The 450 high-paying jobs that Clean Tech Silicon & Bar will bring to Badin if an agreement can be reached could transform Stanly County."Most important to me, the Citizens of our County will be able to improve their incomes and employment opportunities," Storm says.

Click here to read a full copy of his letter.

Alcoa and Jobs

The Salisbury Post published an editorial today supporting our efforts to reach an agreement with Stanly County and bring hundreds of high-paying jobs to Stanly County. We agree that it's time to work together to bring 450 Clean Tech jobs to Stanly County. The other option -- a protracted legal battle and the loss of the Clean Tech jobs -- won't benefit anyone.

Read the editorial below.

Salisbury Post Editorial
Wednesday, September 14

Alcoa and Jobs

Alcoa and Stanly County commissioners still stand on opposite sides of the river when it comes to Alcoa's hydroelectric relicensing efforts, but at least they've been talking to one another. We'll take that as an encouraging sign.

The latest volley in the public relations battle over the relicensing centers on jobs. Alcoa, which is seeking federal approval to continue operating its Yadkin River hydroelectric dams, says securing the license is necessary to recruit new businesses and replace the jobs lost when the Badin smelting operations closed. Standing in the way, however, is Alcoa's inability to get a water quality certificate, which the state has refused to issue, citing mistatements on Alcoa's application. Stanly has sided with the state, which opposes renewal of Alcoa's federal license in hopes of taking over the Yadkin dams and using cheap electricity as its own industrial recruitment tool.

Meanwhile, caught in the middle of this power struggle are Stanly County citizens, who like those elsewhere could desperately use new jobs to help lower a double-digit unemployment rate. Their hopes were raised a few months ago when Alcoa announced that Electronic Recyclers International would move into the site of Alcoa's former smelting plant in Badin, starting with a workforce of 20-30 employees that is expected to reach 200. Now, Alcoa says another company, Clean Tech Silicon and Bar LLC, could bring in several hundred jobs and $300 million in investment. But in return, it apparently wants Stanly to drop its opposition to the water quality certification and relicensing effort. Stanly Commissioner Tony Dennis contends Alcoa is holding the promised jobs "hostage" as a way to put pressure on the county. Which is probably true to the same extent the state is holding the water certification "hostage" to gain leverage against Alcoa.

In reality, both Alcoa and its relicensing opponents have played hard ball at times. But with good jobs on the table, the need to get past the war of words becomes more urgent. The takeover attempt has lost momentum as North Carolina copes with the economic downturn. At this point, it's hard to fathom state or county officials pursuing what would no doubt be a protracted and costly court battle against Alcoa. While the details of negotiations between Stanly and Alcoa haven't been divulged, the fact they've discussed a deal suggests possible movement in this standoff.

With takeover of the dams a distant possibility at best, better to drive a hard bargain with Alcoa and gain jobs and other tangible benefits now than to continue pursuing a costly legal battle that doesn't create employment for anyone other than lawyers and lobbyists.