Alcoa to Sell Rockdale, TX Site to Lower Colorado River Authority

Alcoa (NYSE AA) announced today that it has reached an agreement to sell assets associated with Alcoa's Rockdale, Texas site to the Lower Colorado River Authority (LCRA). Terms of the deal were not disclosed. The agreement includes approximately 34,000 acres of property, all surface and groundwater rights, certain common plant and equipment assets, and Alcoa's power contracts with Luminant.