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Chelan PUD Reassigning Alcoa Contract After Wenatchee Smelter Idle

Chelan PUD commissioners are working to reassign the current power contracts with Alcoa Inc. for its Wenatchee smelter to a new entity before the corporation splits in two Nov. 1. Alcoa announced the division into two stand-alone companies a year ago, but just recently set the Nov. 1 effective date. The new Alcoa Corp. will include the alumina and smelter “upstream” operations and Arconic Inc. will hold engineering and other “downstream” products, explained Michael Padgett, Alcoa Energy vice president.
PUD Commissioner Garry Arseneault joins Chris in the KOHO to break down the negotiations with Alcoa and a special board meeting tomorrow at 1 p.m. to consider approving the assignment agreements.

1 Comments

  1. Darrell Schrumpf on October 20, 2016 at 5:11 pm

    Great stuff. Thank you CCPUD for all your efforts in trying to keep Alcoa in the valley and still look out for the interests of the customer / owners interest. Hoping Alcoa Corp doesn’t file bankruptcy and bail on all of us.

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