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News stories tagged with "low-cost-power"

Any little savings we can get from any revenue avenue whatsoever is very important to the livelihood of the farmers.

Alcoa restart brings end to power discounts

The resumption of production at Alcoa's east smelter in Massena is a huge boost to a region that's been battered by the recession. 120 people are back on the pot lines. Alcoa's planning to invest millions of dollars in modernizing the facility.

But there's a sliver of bad news. Alcoa's share of low cost power was going to businesses and farms across the North Country. Yesterday, the New York Power Authority announced those discounts will be phased out. 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

Massena to state: keep power here

More than 150 North Country leaders and residents had an urgent message for a state task force Friday in Massena. They said selling cheap power downstate would crush the region's future. David Sommerstein reports.  Go to full article

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