Word: alcoa
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...deliveries of firm power to nearby Duke Power Co., stop drawing down reservoir water, in effect keep its power for itself. To help explain the South's dire straits, FPC had already turned to an old Government scapegoat, Aluminum Co. of America (Carolina Aluminum's parent). Alcoa, said FPC, had too long relied on cheap seasonal dump power. Smart management in peace, this practice now meant that Alcoa had to drain 150,000 kw. from other customers to keep producing through what used to be its slack season...
...During all this time OPM had relied solely on Alcoa as a source of information, has discouraged others from entering the field. The Senator ticked off some black marks against Alcoa...
...Alcoa promised to build up its stockpile of bauxite...
...Alcoa wastefully ships raw materials and finished products: bauxite from the Guianas and Arkansas to East St. Louis, alumina from there to Vancouver, ingots from Vancouver back to the East, rolled sheets from the East back to California, all costing 2? a lb. for freight alone...
...Alcoa refused to build a power plant at Fontana (N.C.) on the ground that, under the license prescrlbed by the Water Power Act of 1920, it would risk recapture (with pay) of a $45,000,000 investment after 50 years...