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This is your window into the world of Triangle business. It's the source for news on local companies and people who keep capitalism moving. It's your exclusive tip sheet on deals, squabbles and the whimsy that makes this region's industries interesting.
The blog is maintained by the reporters and editors of the N&O business staff, including Alan M. Wolf, Sue Stock, David Ranii, John Murawski and Mary Cornatzer.
A North Carolina energy project today received the lion's share of federal stimulus funds designated for improving the nation's aging hydroelectric power plants.
The U.S. Department of Energy awarded up to $13 million to Alcoa to replace four 90-year-old turbines at the Tapoco Cheoah plant near the Little Tennessee River in Graham and Swain counties.
The grant will create an additional 22 megawatts of capacity to the Alcoa facility, boosting power output by 23 percent.
The Alcoa grant is more than twice the amount of the next-biggest award -- $6 million to the Alabama Power Co.
Alcoa is the nation's largest aluminum producer and generates its own power for industrial operations.
The Cheoah dam, in Robbinsville, N.C, is part of the Tapoco Hydroelectric Project run by Alcoa Power Generating. The project has four dams – two in western North Carolina and two in Tennessee -- that generate power to operate an aluminum smelting operation in Alcoa, Tenn.
John Murawski has been a full-time newspaper reporter since 1991, with stints at Legal Times and The Chronicle of Philanthropy (both in Washington, DC), The Philadelphia Inquirer and The Palm Beach Post (in South Florida) before arriving at the N&O in December 2004. At the N&O he covers energy (nuclear, coal, renewable, efficiency), utilities (electric, natural gas, telephone) and telecommunications. His beat includes such publicly traded companies as Progress Energy, Duke Energy, PSNC Energy, Piedmont Natural Gas, PowerSecure International, Tekelec, Cisco Systems, Nortel Networks, AT&T, among others. You can reach him at 919-829-8932 or e-mail him.