Skip to main content

Home/ Yadkin Docs/ Group items tagged power

Rss Feed Group items tagged

Yadkin River

Alcoa ready to battle over Yadkin | North Carolina | Independent Weekly - 0 views

  • "[Alcoa's] application and its supporting information were incorrect through intentional withholding of information material to" whether the dams could ever meet the permit standards, DWQ Director Colleen Sullins said in a revocation letter sent to Alcoa Power Generating Inc., a subsidiary of the giant worldwide corporation.
Yadkin River

» Blog Archive » Commissioners Hear Debate Over Yadkin Project - 1 views

  • In a power point presentation, Chairman Dunevant challenged the numbers released by Alcoa last week as to their options on the table, particularly the $1.2 million financial guarantee from Alcoa to Stanly County should the 450 Clean Tech jobs not materialize. Dunevant pressed the value of this guarantee over the life of the 50-year license, asserting that Alcoa had not factored in depreciation. Dunevant contended that due to inflation that amount would be worth only $500,000 by the year 2020 and just $188,000 at the end of 50 years when the license would again be up for renewal.
  • On the flip side, Dunevant said that Alcoa’s profits from dam revenues would grow at a 3.15% inflation rate from Alcoa’s reported $25 million per year to $114 million at the end of 50 years.
  • “I hope you got that… $1.2 million down to $185,000 and $25 million up to $114 million,” Dunevant stated.
  • ...8 more annotations...
  • In addition to seeing this as inequitable for Stanly County, Dunevant made the point that the $1.2 million would not come directly to Stanly County, rather the funds would go to an economic development trust to be co-managed by the commissioners and the N.C. Department of Commerce. “The money would not go to human services, education or public safety, but to an economic development trust,” Dunevant said.
  • “We will be looking for some long-term guarantee that offsets the inflation. A penalty is supposed to create an incentive to perform, not the opposite,” Dunevant said regarding the $1.2 million guarantee now on the table that shrinks over time.
  • “That shows me that water is becoming a commodity,” Snyder said. “We don’t need to allow a coup to obtain a license for clean water at the expense of the public.”
  • “Alcoa thought they’d get a rubber stamp for renewal, but there’s too much discord in this community for that,” Bryant said. We need to recapture the FERC license and remove Alcoa.”
  • “It’s ludicrous to think the commissioners don’t want jobs,” Dick said.
  • Bramlett warns of selling Stanly County’s birthright
  • “We don’t need to sell our birthright for a cup of soup,
  • “I’ve never seen bribery and blackmail like what had been going on the past couple weeks,” he said regarding the Alcoa commitments and Clean Tech deadline. “Alcoa has falsified records and poisoned this river. You have every right not to trust Alcoa.”
Yadkin River

Alcoa's Chinese JV Targets Need for High Quality Aluminum in Booming Market -- Trefis - 0 views

  • 1 of 12 Alcoa’s Aluminium Supply Deal with Embraer Could be First of Many 2 of 12 Alcoa Sambas to $16 with Embraer Deal for Jet Development 3 of 12 Alcoa: Revised $16 Price Estimate, Long-Term Outlook Still Solid 4 of 12 Alcoa Restructuring Midstream Business for Emerging Market Growth 5 of 12 Demand for Lightweight Autos Boost Alcoa’s Aluminum Business 6 of 12 Alcoa Aims for $18 by Investing in ‘Green’ Initiatives 7 of 12 Aluminum Demand, New Products Lift Alcoa’s Earnings 8 of 12 Alcoa’s JV in Saudi Arabia Gets Funding 9 of 12 Alcoa Could Get Boost from New Alloys 10 of 12 Alcoa Gains from Fuel Efficiency Focus at Paris Air Show 11 of 12 Alcoa Shines on Solid Aluminum Demand 12 of 12 Alcoa’s Growth Estimates for Aluminum Justify Additional Upside Relevant Articles on TREFIS Alcoa’s Chinese JV Targets Need for High Quality Aluminum in Booming Market September 16th, 2011 by Trefis Team +93.03% Upside 8.53 Market 16.47 Trefis pricesBarBlock artMa
  • The JV will focus on the technical expertise of both the companies to leverage this growing market. Further official information on the joint venture is awaited.
Yadkin River

Ohio apparently ruled out for steel mill | cleveland.com - 0 views

  • But the group wasn't able to get a handle on its electricity costs in Ohio because the state has yet to decide how rates will be regulated in the future, said David Stickler, managing director of Global Principal Partners LLC, which is working with Steel Development. He said nobody was able to say what the plant's power costs would be over the next five to seven years.
    • Yadkin River
       
      What.... 5 to 7 years... ALCOA wants 50 years...Come On.........
Yadkin River

China Reportedly Hacked Chamber Of Commerce : NPR - 0 views

  • That's called social engineering and it's a widely used technique, especially by Chinese hackers.
  • ou say Chinese hackers and there's been a lot of reports about cyber espionage stemming from China. What's going on here? GJELTEN: You know, Lynn, all the cyber security people we talked to say there's just a ton of cyber espionage coming out of China these days. Hackers are stealing technological secrets, trade secrets, computer code, design plans, you name it. The security people say it's like a vacuum cleaner approach. They just suck up everything they find.
  • But what's behind this is that China wants to catch up to the west. Now, they don't have the business environment to support innovation. You don't see the Chinese equivalent of companies like IBM or Google or Apple popping up there, so rather than develop their own ideas and technology, they just steal it. That's the background here. At least, that's what we hear from U.S. intelligence officials and security people. NEARY: And the Chinese government's not acknowledging any role in this attack on the chamber of commerce? GJELTEN: They say there's no evidence, but cyber security people who have investigated other intrusions blamed on China say it's pretty easy to tie them back there and it's hard to see how the government would not be involved in some way, given the way China works. Chamber officials say they have no doubt that this intrusion did come from China.
Yadkin River

Secret Cable: China Said To Coordinate Google Attack : NPR - 0 views

  • Google reported in January 2010 that its computer infrastructure in China had been hit by a "highly sophisticated" attack that resulted in the theft of company secrets. Google also said it had evidence that a goal of the attackers was to gain access to the Gmail accounts of Chinese human-rights activists.
  • At the time, the company did not blame the Chinese government for the intrusion. But shortly thereafter, a U.S. diplomat in Beijing confidentially cabled Washington that "a well placed contact" was claiming the Google attack had been "coordinated" by the Chinese government "at the Politburo Standing Committee level."
Yadkin River

China's Cyber Threat A High-Stakes Spy Game : NPR - 0 views

  • The cloak-and-dagger world of corporate espionage is alive and well, and China seems to have the advantage. Their cyber-espionage program is becoming more and more effective at swiping information from America's public and private sectors. The U.S. government has even blamed
  • China publicly for hacking American industries
  • but Chinese hackers have even broken into and stolen plans from American furniture manufacturers.
  • ...2 more annotations...
  • "You can see the immediate economic benefit: You don't have to pay for the design, you can build it cheaper, and you can offer the same product at a lower price," he says. "That hurts our economy."
  • "Those are 10,000 jobs that would be in this economy, that would employ Americans, that are gone because of Chinese economic espionage," he says.
Yadkin River

Solar company to create 951 jobs in Golden Triangle - The Dispatch - 0 views

  • which plans to locate in the Lowndes County industrial park. State Sen. Terry Brown, R-Columbus, told The Associated Press that the new jobs could pay between $40,000 and $50,000 per year.
  • An additional $100 million package is being considered for HCL CleanTech, a bio-technology company, which plans to build its headquarters in Olive Branch and construct a research and development center in Grenada. Three additional plants would be located in Booneville, Hattiesburg and Natchez. That project would create 800 jobs with an average salary of $67,000 plus benefits.
    • Yadkin River
       
      Always wondered about the Clean Tech and NC reference
  • The Link has been in talks with Calisolar since Aug. 27, 2010
  • ...3 more annotations...
  • east of Industrial Park Road, directly behind Mitchell Beer Distributing, on 250-260 acres, said Joe Higgins, CEO of the Columbus-Lowndes Development Link
  • The facility will use around 170 MW of power, about 40 MW more than the entire city of Columbus. In comparison, Severstal uses about three times the entire city.
  • Higgins said the plant will take about a year and a half to build and will have "a tremendous impact
  •  
    clean tech
« First ‹ Previous 41 - 53 of 53
Showing 20 items per page