ADVFN - Advanced Financial Network.
HOME» NYSE » A » AA Stock Price » AA Stock News

Alcoa Share News

 Alcoa, Inc. Stock Price
AA Stock Price
 Alcoa, Inc. Stock Chart
AA Stock Chart
 Alcoa, Inc. Stock News
AA Stock News
 Alcoa, Inc. Company Information
AA Company Information
 Alcoa, Inc. Stock Trades
AA Stock Trades

Alcoa To Sell Tapoco Hydroelectric Project for $600 Million To Brookfield Renewable

By Melodie Warner Alcoa Inc. (AA) agreed to sell its 351-megawatt hydroelectric project, Tapoco, to Brookfield Renewable Energy Partners L.P. (BRPFF, BEP.UN.T) for $600 million. Tapoco is a four-station hydroelectric project located on the Little Tennessee and Cheoah Rivers in eastern Tennessee and western North Carolina. The sale includes four generating stations and dams, 86 miles of transmission line and about 14,500 acres of land surrounding Tapoco. Brookfield Renewable said it will own a 25% stake in the project and the remaining equity interest will be funded by an institutional fund managed by Brookfield Asset Management Inc. (BAM, BAM.A.T). "We believe this acquisition provides a unique opportunity to capture rising electricity prices, and our operating platform and expertise is well-suited to maximize the value of this portfolio over the long term," said Brookfield Renewable President and Chief Executive Richard Legault. Alcoa, the top U.S. aluminum producer, said it expects to close the deal by the year end. In April, Alcoa said it would cut alumina production by about 2% this year as it looks to reduce smelter capacity amid global overcapacity and slumping prices for the lightweight metal. The lower prices and higher costs for energy contributed to its first-quarter earnings falling 69%. The company said it would contend with sluggish aluminum prices by cutting costs and relying more on high-margin end products less vulnerable to slumping metal prices, such as bolts and wheels for cars and airplanes. Write to Melodie Warner at melodie.warner@dowjones.com

Stock News for Alcoa (AA)
DateTimeHeadline
03/25/201515:46:07In Kraft-Heinz Deal, Will Chicago or Pittsburgh Lose More Jobs?
03/24/201506:50:11As Alcoa Stock Falters, Equity Investors Turn Into Aluminum Bears
03/20/201506:07:48Prospectus Filed Pursuant to Rule 424(b)(7) (424b7)
03/19/201517:03:25Additional Proxy Soliciting Materials (definitive) (defa14a)
03/19/201515:52:18Additional Proxy Soliciting Materials (definitive) (defa14a)
03/19/201510:32:30Proxy Statement (definitive) (def 14a)
03/17/201514:33:00Alcoa Continues Reshaping Upstream Business, 443,000 Metric Tons...
03/17/201512:17:00RTI INTERNATIONAL METALS SHAREHOLDER ALERT: Faruqi & Faruqi...
03/17/201505:58:19PC Related Means Sell - Cramer's Lightning Round (3/16/15)
03/16/201508:44:29This Is Not The Same Alcoa
03/15/201506:00:54Unusual Opportunities In Alcoa
03/13/201517:00:00INVESTOR ALERT: The Law Offices of Vincent Wong Launches an Investigation...
03/13/201505:40:16Putin Puts U.S. Titanium At Risk
03/11/201500:35:24Alcoa Was Smart To Value-Add Titanium Fabricator RTI International...
03/10/201517:06:00RTI INTERNATIONAL METALS INVESTOR ALERT BY THE FORMER ATTORNEY...
03/10/201510:49:00INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of...
03/10/201507:18:59Shorter Battery Life Is No Reason To Sell Apple - Cramer's Mad...
03/09/201517:21:44Current Report Filing (8-k)
03/09/201516:54:41MARKET SNAPSHOT: U.S. Stocks Finish Higher On Bull Market's Birthday;...
03/09/201514:39:31MARKET SNAPSHOT: Stocks Extend Gains On Bull Market's 6th Birthday

Alcoa and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad