RALEIGH, N.C. (AP) — Local jobs and millions of dollars in investment could flow if North Carolina reclaimed control of four Yadkin River dams from Alcoa Inc., according to a nonprofit development group opposed to the company’s bid for another 50-year license.
Depending on the future price of electricity, the state could see between $750 million and $1.2 billion in hydropower revenues for its economy if it got the federal operating license Alcoa also wants, according to a report prepared for Central Park NC, a sustainable economic development nonprofit group.
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