Alcoa sells 4 North Carolina hydro dams to Cube Hydro
The license transfer and ownership of the riverbed under the dams are being challenged
The Yadkin River dams were built beginning a century ago to power an aluminum smelter that once employed 1,000 workers. Alcoa closed the factory in 2007 and has made about $200 million since then by selling the electricity to commercial customers.
Alcoa received a long-term operating license through 2055 and federal regulators in December approved transferring it to Cube Hydro.
The license transfer and ownership of the riverbed under the dams are being challenged.