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Alcoa Adjusts Power Delivery To Its Two Smelters In The Pacific Northwest, Cuts Production PITTSBURGH--January 5, 2001--
Alcoa Inc. announced today adjustments to the delivery of previously
contracted electricity to its smelters in Wenatchee and Ferndale,
Washington in light of the continuing energy crisis in the Northwest
U.S. As a result, production at the two facilities will be reduced by a
combined 150,000 metric tons per year (mtpy). There will be no immediate
layoffs at either location. Alcoa estimates that these actions will
result in a positive, incremental gain for 2001, which will not be
material to the company's earnings.
Alcoa anticipates at this time that the 80,000-mtpy curtailment at the
Wenatchee smelter is temporary. Approximately 150 megawatts of power
contracted for this smelter will be sold back to Bonneville Power
Administration (BPA) to meet regional demands for electricity as part of
a contractual change allowing Alcoa to sell power back to BPA.
At the Intalco smelter in Ferndale, the adjustment will redistribute
contracted electricity over a four-month period, January through April
2001. The original contract with the BPA called for delivery of the same
amount of electricity to be completed in January and February.
Production over the four-month period will be reduced by 70,000 mtpy.
Alcoa owns 61% of Intalco. The company anticipates a return to peak
production at the smelter in May.
Alcoa is the world's leading producer of primary aluminum, fabricated
aluminum and alumina. It provides customers in the packaging, consumer,
automotive, aerospace, construction and other markets with a variety of
fabricated and finished products. Alcoa has over 300 operating locations
in 36 countries.
Bonita A. Cersosimo
Charles D. McLane