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News stories tagged with "alcoa"

Downstate NYPA chief promises Upstate help

As the financial crisis and state budget cuts buffet the already struggling economies of the North Country, look for low-cost hydropower to loom larger. The New York Power Authority produces 900 megawatts of cheap electricity at the dam on the St. Lawrence River. Alcoa buys about half of that to employ some 1300 people in Massena. North Country officials have long argued more of the power should energize businesses here rather than being sold downstate. The new CEO of the Power Authority says he's willing to listen. Richard Kessel has been on the job for about a month. He was a controversial appointment by Governor Paterson. First, because he's from downstate - Kessel ran the Long Island Power Authority from 1997 to 2006. Second, he was known for mismanagement and patronage in that job. Kessel told David Sommerstein that's behind him. He said the priorities in his new post in NYPA are to bring transparency to an agency widely known for secrecy and to help the Upstate economy.  Go to full article

River scientists convene in Cornwall

150 scientists from the U.S. and Canada meet in Cornwall, Ontario, today to assess the health of the St. Lawrence River. The St. Lawrence River Institute's annual conference comes on the eve of the 50th anniversary of the construction of the hydropower dam. The dam brought clean power and good jobs, but also pollution, Superfund sites, and environmental destruction. David Sommerstein reports.  Go to full article
Massena backs up to its riverfront.  Leaders hope a dam can spark a revival.
Massena backs up to its riverfront. Leaders hope a dam can spark a revival.

Massena's hydropower hopes fuel debate

In 1997, Massena's 200-year old dam breached, sending miles of slow, flat water downstream. Environmentalists saw the change as a victory for free-flowing rivers and the endangered fish that thrive in them. But many Massena residents miss the high, placid waters of the old Grasse River. People used to fish and boat there. Local leaders have started a movement to return the pond, by building a hydropower dam half-a-mile downriver from where the old dam used to be. The dam's fueled a classic debate of the economy versus the environment, but with a twist. A Superfund site of toxic chemicals is also in the mix. David Sommerstein reports.  Go to full article

Alcoa promises 1065 jobs in Massena

Massena will stay at least a one company town for decades to come. Months after General Motors decided to shutdown its Massena plant, Alcoa, the world's largest aluminum producer, announced it would stay. Alcoa signed a 30-year low-cost power contract with the New York Power Authority. The company will guarantee more than 1000 jobs and overhaul its two plants in Massena. Governor Eliot Spitzer announced the pact Friday afternoon. David Sommerstein reports.  Go to full article

Alcoa commits 1000 jobs to Massena

Massena will remain a company town for at least another four decades. Alcoa, the world's largest aluminum producer, and the New York Power Authority announced a new 30-year contract today. It guarantees more than 1000 jobs and promises a major overhaul the company's two plants. Governor Eliot Spitzer made the announcement today in Massena. David Sommerstein reports.  Go to full article

Alcoa, state near power deal

Alcoa and the New York Power Authority are getting closer to an agreement that would keep the aluminum maker in Massena. But reports that a deal is imminent appear premature. A spokesperson for Governor Eliot Spitzer told the Watertown Daily Times "what you're hearing isn't quite what is actually going on." Alcoa and the state signed a confidentiality agreement earlier this month. The two sides are negotiating a new contract to give Alcoa low-cost hydropower produced at the dam on the St. Lawrence River. Alcoa has offered to guarantee 900 jobs and a $600 million renovation at its two plants in Massena. Currently about 1,200 people work there now. Alcoa spokeswoman Susan Flynn told the Times that "progress is being made" in the talks. Speaking in Potsdam last month, Governor Spitzer said he wants a deal done by the end of the year.  Go to full article
Gov. Eliot Spitzer in Potsdam
Gov. Eliot Spitzer in Potsdam

Spitzer vows to rebuild and streamline economy

Governor Eliot Spitzer made several stops in a whirlwind tour of Potsdam and Canton yesterday. He vowed to rebuild the Upstate economy, but he said local officials will have to help with some belt-tightening. David Sommerstein reports.  Go to full article

Alcoa power talks continue

Talks continued this week over the future of Alcoa's aluminum plant in Massena. Martha Foley has more.  Go to full article

Schumer Meets in Massena

New York Senator Charles Schumer took advantage of his chamber's summer recess to visit the North Country yesterday. He toured the biomass renewable energy plant in Lewis County. And he discussed everything from Iraq and Alcoa to passports and the farm bill in Massena. David Sommerstein reports.  Go to full article

Alcoa takeover "unlikely"

A report that Alcoa is the target of a takeover bid may be no more than a rumor. Analysts say it's unlikely two Australian companies want to purchase the aluminum giant. David Sommerstein reports.  Go to full article

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