Alcoa Commits To Continue Bi-State Process For Fall And Winter - 8/23/2002


 

For more information:

Michael Andrews, Carolina PR/Marketing
704-374-9300; cell 704-517-1586

BADIN, NC - August 23, 2002 During these unprecedented drought conditions, Alcoa Power Generating Inc. (APGI) will continue its efforts to work with authorities from North Carolina and South Carolina, along with Carolina Power & Light, to plan and balance actions to conserve water in its North Carolina reservoirs consistent with South Carolina's downstream needs, recognizing that this natural disaster could be prolonged.

Given the serious concerns expressed by both North and South Carolina authorities regarding the drought's increasing threat to the environment and public health, APGI believes that its priority has to be to cooperate with federal and state authorities to meet the emergency conditions caused by the drought. Releases of water from the Yadkin Project storage after September 15, 2002, are not required under APGI's present FERC license and could cost the company substantial revenues. This is in addition to diminished hydroelectric generation associated with the drought.

However, as a public service, should the bi-state process result in releases from storage past September 15, APGI will not seek compensation for use of its reservoirs to meet the emergency drought conditions this fall and winter.

Any modification to the operations of the Yadkin Project will be subject to the consent of appropriate state and federal authorities, including FERC.

APGI owns the land and water rights below the waters of High Rock, Tuckertown, Narrows and Falls reservoirs and much of their shorelines. Yadkin is responsible for operating the Yadkin Project, including the four reservoirs, dams and powerhouses along a 38-mile stretch of the Yadkin River, that supports Alcoa's Badin Works ingot casting plant in Badin, N.C. The Yadkin Project, known as Yadkin Project No. 2197, is licensed by FERC under the Federal Power Act.

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