NC Hits Snag In Clash With Alcoa Over Hydro Riverbed Rights

By Jacob Batchelor (April 23, 2015, 4:55 PM EDT) -- A North Carolina federal judge reportedly issued what could be a key ruling Wednesday in a dispute in which aluminum giant Alcoa Inc. seeks to prove it owns the riverbed beneath four hydroelectric dams, saying the rivers weren't navigable when the United States was born.

U.S. District Judge Terrence W. Boyle found that boats could not have traveled on the 40-mile section of the Yadkin River where Alcoa operates four hydropower dams when North Carolina joined the Union, a ruling that will hinder the state's efforts to prove that it owns the riverbed, the Associated Press reported.

The states each took...

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