The State of North Carolina is suing ALCOA over ownership of submerged water along the Yadkin River.
The basic elements of this story are water, hydroelectric dams and naturally, lots of money. ALCOA owns four dams along the Yadkin River that make electricity. Those dams used to provide power for an ALCOA aluminum smelting plant in Stanly County, where the company once had hundreds of employees. The company wants another 50-year federal license to operate the dams. But the factory is closed, the electricity produced is sold out of state and there is a question about who owns the river bed.