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## Managing Resources for a Sustainable Future 

At Alcoa, we blend business perfor- mance with environmental, social, and community leadership every day. Through a unique process that involved numerous governmental agencies, local communities, and environmental organizations, Alcoa enabled the con- tinuation of its Tapoco Hydropower Project in Tennessee and North Carolina, while simultaneously protecting the environment. 

Following legislation signed by U.S. President George W. Bush, Alcoa’s Tapoco Project and its four hydro- electric dams received a new 40-year license in exchange for Alcoa’s 

preservation of more than 10,000 acres of land in the Great Smoky Mountains National Park through a land exchange and conservation agreement. 

Major features of the agreement include: 

• Preservation of Alcoa’s ability to generate power to support its aluminum smelting operations in Tennessee 

• Protection of 10,000 acres of pristine and ecologically significant lands adjoining the Great Smoky Moun- tains National Park and Cherokee National Forest 

• Restoration of flows in two mountain rivers – the Cheoah and Little Tennessee rivers 

• Fish and wildlife habitat improve- ments to enhance species biodiversity, including the restora- tion of four, federally listed, endangered fish species 

• Enhanced recreational opportunities in a remote and primitive setting 

• Protection of cultural resources of historic importance to the region and of tribal importance to the Eastern Band of Cherokee Indians. 

