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| December 21, 2009
Alcoa, BPA Reach Power Supply Accord for Intalco Smelter Helping Secure 528 Jobs
FERNDALE, Wash.--(BUSINESS WIRE)--Alcoa (NYSE:AA) and the Bonneville Power Administration (BPA) have
reached an agreement to provide power for the Intalco aluminum smelter
in Ferndale, Washington. The agreement will help secure 528 jobs at the
facility, along with the associated economic benefits to the local and
regional economy.
The new contract provides Alcoa with up to 320 megawatts (MW) of power
at the Industrial Power (IP) rate and will allow the plant to produce a
total of 184,000 metric tons per year.
Washington Governor Chris Gregoire joined Alcoa employees and local
leaders at an event earlier today to welcome the new Alcoa - Bonneville
Power Administration (BPA) contract. "I congratulate the Bonneville
Power Administration and Alcoa for reaching this important agreement to
keep the Intalco aluminum smelter operating. This agreement supports
more than 500 living-wage jobs in the Ferndale area, jobs that are
essential to our ability to make it through and recover from this
recession," Governor Gregoire said.
“Today’s signing is clear evidence of what can be achieved when federal,
state and local partners work together in pursuit of a common goal,”
said Bob Wilt, Alcoa’s President for US Primary Products.
“We are very grateful for the support we have received from everyone
involved, including Governor Gregoire, Congressman Rick Larsen and
Senators Maria Cantwell and Patty Murray. We are also grateful to our
employees – union and management -- who have worked hand-in-hand on this
issue, and to local community leaders,” Wilt added
Alcoa is a 70-year customer of BPA and this contract marks a return to
direct power sales under the Northwest Power Act. Direct power sales
were halted in 2006. The new contract has two phases – an immediate
17-month power supply for up to 320 MW and a second phase for at least
an additional five years of power. The second phase would be implemented
following clarification of a recent US 9th Circuit Court of
Appeals ruling and will depend on the state of future power markets.
Under terms of the agreement, the facility will maintain an average of
528 full-time equivalent jobs.
An independent study by Washington economist Dick Conway shows that each
Alcoa job sustains around three additional jobs in Washington State. The
results of the study indicate that over 2,000 jobs will be preserved as
a result of this agreement.
“In addition, this decision has helped maintain the local tax base,
expenditures with local businesses and the community contributions made
by our organization and our employees,” Wilt concluded.
In the past three years, Alcoa and the Alcoa Foundation have contributed
more than $500,000 to local organizations, including $10,000 to the
Whatcom County Toys for Tots campaign as part of a plant safety campaign
this month. And in October, Intalco employees contributed more than
1,000 hours of volunteer service to local non-profits as part of Alcoa’s
Global Month of Service.
About Alcoa
Alcoa is the world leader in the production and management of primary
aluminum, fabricated aluminum and alumina combined, through its active
and growing participation in all major aspects of the industry. Alcoa
serves the aerospace, automotive, packaging, building and construction,
commercial transportation and industrial markets, bringing design,
engineering, production and other capabilities of Alcoa's businesses to
customers. In addition to aluminum products and components including
flat-rolled products, hard alloy extrusions, and forgings, Alcoa also
markets Alcoa® wheels, fastening systems, precision and investment
castings, and building systems. The Company has been named one of the
top most sustainable corporations in the world at the World Economic
Forum in Davos, Switzerland and has been a member of the Dow Jones
Sustainability Index for eight consecutive years. Alcoa employs
approximately 63,000 people in 31 countries across the world. More
information can be found at www.alcoa.com
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