Does Alcoa have a monopoly on the Yadkin River?
If the question is whether any other company may produce hydroelectric power from the dams and powerhouses Alcoa built, the answer is Yes, they do have a monopoly. If the question is whether Alcoa operates the Project without any imposed restrictions, the answer is No, it is not a monopoly. Alcoa operates the Project under the terms of a license from the Federal Energy Regulatory Commission (FERC), whose power is superior to Alcoa’s. The terms of the new license were reached through a collaborative effort between many stakeholders. Additionally, other State and Federal Agencies license, control and regulate many aspects of the Project area.
Related Questions
- 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?
- What will happen to former Kerasotes theater locations that create a local AMC monopoly?
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