Thursday, October 15, 2009

Alcoa responds to FERC ruling

Today, the Federal Energy Regulatory Commission (FERC) determined that the State of North Carolina acted within the one year timeline to issue a required water quality certificate for the Yadkin Hydroelectric Project. Alcoa Power Generating Inc. (APGI) had argued that the State waived its rights by failing to issue an effective certificate within one year.

FERC continues to have the ability to issue a new long-term license based on the water quality certificate that was issued by the NC Division of Water Quality on May 8, 2009.

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