Alcoa to Sell Tapoco to Brookfield Renewable Energy Partners
Today, Alcoa announced an agreement to sell its Tapoco Hydroelectric facilities to Brookfield Renewable Energy Partners. Pending federal and state regulatory approvals, the sales transaction is expected to close later this year.
The decision to sell Tapoco does not impact Tennessee Operations, the Alcoa Materials Management offices in Knoxville, or the Alcoa Howmet facility in Morristown. These individual business units employ more than 1,650 people combined and are a vital economic engine for East Tennessee and will continue to be.
The transaction will include the four generating stations and dams, 86 miles of transmission line, and about 14,500 acres of land associated with and surrounding Tapoco. The four dams – Calderwood, Santeetlah, Chilhowee and Cheoah – came into service between 1919 and 1957.
Brookfield Renewable Energy Partners operates one of the largest publicly-traded, renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 5,000 megawatts of installed capacity in Canada, United States and Brazil.
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