Category Archives: Natural gas

TVA Bellefonte nuke won’t be built

Economics stopped another reactor, this time in Alabama, less than a week after San Onofre. But more are still in the works.

Brian Wingfield wrote for Bloomberg Businessweek yesterday, TVA Shelves Work at Alabama Nuclear Plant Amid Industry Struggle,

“Over the past few months, TVA has been looking across the company, including at our nuclear construction projects, to determine the work that is most important to perform,” Mike Skaggs, the TVA senior vice president for nuclear construction, said in the statement. “Hard decisions are necessary.”

The U.S. nuclear industry is wrestling with competition from a glut of natural gas, which has lowered its price and made the fuel more attractive for electric utilities. At the same time, U.S. regulators are writing safety rules following a triple meltdown at Japan’s Fukushima Dai-Ichi plant in 2011.

The fracking backlash is building against natural gas. And guess what’s even cheaper? Continue reading →

Review of the misleading movie Pandora’s Promise

Here’s a trailer for the “documentary” pro-nuke film that comes out today, Pandora’s Promise. The film discounts solar and wind energy because its makers don’t understand the exponential decrease in solar prices or the night backup power ability of wind connected with a smart grid. The vast majority of the American people already are demanding those real renewables instead of nuclear or coal, and the economics of wind and solar are also rapidly beating natural gas.

Atom Ecology’s promotional writeup 7 June 2013, Pandora’s Promise – Anti-Nuclear Mob Burns Environment In Coal Fired Forges Of Industry For 30 Years begins,

A new documentary film that reveals how opposition to and voting against nuclear power turned into massive increases in coal burning power plants. The far worse outcome for the environment as coal has filled energy demand is the story just coming to theatres.

The tiny germ of truth in that ten years ago is just plain wrong now that coal is not the alternative because solar has reached grid parity with nuclear, coal, and natural gas.

The movie plays up Stewart Brand’s conservationist credentials and his conversion to pro-nuke. Not in that movie, but in this TED talk, you can see Stewart Brand lose a debate with Mark Z. Jacobson, who argued we can power the whole world with sun, wind, and water. Jacobson’s summary: Continue reading →

No Iowa nuke: MidAmerican will refund tax money!

Cancelling a nuke is what’s really in the best interests of utility customers: Southern Company and Georgia Power take note. MidAmerican Energy just added another to the long list of nukes permanently closed or not to be built. Time to add Plant Vogtle to that list.

In the DesMoinesRegister.com yesterday, MidAmerican decides against Iowa nuclear plant: MidAmerican Energy says design plan isn’t approved; environmentalists celebrate

MidAmerican Energy has scrapped plans for Iowa’s second nuclear plant and will refund $8.8 million ratepayers paid for a now-finished feasibility study, utility officials said Monday.

The utility has decided against building any major power plant. That’s because there is no approved design for the modular nuclear plant it envisioned, and there are too many questions about limits on carbon emissions from a natural gas plant, the company said.

“We opted for what was in the best interest of our customers,” MidAmerican vice president for regulatory affairs Dean Crist told The Des Moines Register.

The decision ends, Continue reading →

Kemper Coal cost overruns at Southern Company Stockholder Meeting @ SO 2013-05-22

SO CEO Tom Fanning used Julia O’Neal’s question about cost overruns to tout the alleged benefits of Kemper Coal, which include selling CO2 to oil companies to pump into the ground to produce more oil. He didn’t mention that oil is then burned to produce more CO2. Can you justify the Kemper Plant on your metrics? --Julia O Neal And that Mississippi lignite coal he said would otherwise stay in the ground? Yes it and its CO2 would stay there if SO would get on with solar instead of coal.

Before her question, he had not said much about that project, mostly this about Major Projects, at 29 minutes and 28 seconds in SO’s own video of the 22 May 2013 Southern Company Stockholder meeting. You’ll have to skip there manually, because of the SO’s video format. SO prohibited “unauthorized” videoing, so we don’t have the usual LAKE video on YouTube.

I always call out Vogtle and Kemper County. Both projects are going to serve our customers for decades to come. We’ve had some challenges with Kemper. We’ll probably talk about those later. But when I think about the value that these projects will bring, I think our customers, and the economy of the southeast, will be benefited for decades. And we’re very excited about the progress we’re making on both of those.

It’s curious he mentioned SO’s flagship coal and nuclear projects without saying coal or nuclear. And if by “progress” he means Continue reading →

Video of Southern Company shareholders meeting @ SO 2013-05-22

Here’s Southern Company’s own video of the 22 May 2013 shareholders meeting. More detail will follow on the record number of questions, and CEO Tom Fanning’s answers, in addition to this one already posted.

-jsq

The Super Bowl of disruptive distributed energy: Georgia Power and Southern Company are losing

It’s literally game-changing time with solar power at the electric utilities, while Georgia Power and Southern Company are sticking with big baseload nuclear, “clean coal”, and natural gas. They cannot win if they don’t even try.

Steven Schultz wrote for Physorg 6 May 2013, Growth of ‘distributed’ electricity generation could transform utility systems,

(Phys.org) —The U.S. electric utility industry faces a critical juncture as new technology and declining prices allow a more “distributed” system of small-scale generators, renewable energy installations and energy-efficiency strategies, according to a group of high-level energy industry executives and regulators who met at Princeton University recently.

“We have a monumental challenge,” said Jon Wellinghoff, chairman of the Federal Energy Regulatory Commission, who participated in the all-day meeting Friday, April 26. Citing commentary by an analyst who warned of a potential “train wreck” in the industry, Wellinghoff outlined converging tends in which technological advances are allowing consumers and companies to take matters of reliability, security and efficiency into their own hands, while utility companies are under pressure to maintain and upgrade a national electricity system that is broadly accessible.

“Everybody saw the Super Bowl,” Wellinghoff said, referring to the half-hour blackout that disrupted the 2013 football championship.

He didn’t mention that after blacking out the Super Bowl Continue reading →

Your jaw will drop with astonishment at how fast solar power will beat every other energy source –a stock trader

A stock trader looked for causes of solar stock price rises and considered the effects of solar PV price drops, and realized solar power is going to beat every other energy source so fast that it “will make your jaw drop with astonishment.”

Michael Sankowski wrote for Business Insider 3 May 2013, Solar Is Going To Change The World Much Faster Than Anyone Expects,

6% year is a fantastic rate of decreases, but 20% is simply astonishing. 20% is an impressive number, but putting it into context will make your jaw drop with astonishment.

My calculations show that if solar maintains 5 more years at current 23% rates per year price drops, solar power will be cheaper than using existing coal plants. That’s right — it will be cheaper to build new solar plants than to use existing coal plants. It sounds absolutely crazy.

First he discovers the effects of no fuel for solar in Continue reading →

Dragging Georgia behind in solar power: Georgia Power and Southern Company

As long as we leave it to Georgia Power and Southern Company, Georgia will remain far behind in solar power jobs, profits, and energy independence. Hear Southern Company CEO Thomas A. Fanning say:

We remain very bullish on solar. When we think about renewables, I think renewables are exceedingly important to this nation’s future. My sense is until we see significant technology innovation, my sense is that that will probably very late in this decade or beyond that, we still are gonna get by far the lion’s share of electricity from central stations.

SO’s “bullish on solar” means nuclear, “clean coal”, and natural gas big baseload power stations, and forget about solar or wind. That’s why Georgia Power has raised customer rates to pay for gas and nuclear plants while complaining about solar. Here’s Georgia Power CEO Paul Bowers:

“Renewable (energy sources are) going to have a sliver,” Bowers said of fuels to create electricity. “Is it going to be 2 or 4 percent? That’s yet to be determined. Economics will drive that. But you always remember (that renewable energy is) an intermittent resource. It’s not one you can depend on 100 percent of the time.”

What is to be done?

-jsq

Nuke and gas rate hike scam in Toronto, too

It’s not just Georgia Power that raised rates to pay for nuclear and natural gas plants and then complained about solar. Ontario has the same scam.

John Spears wrote for the Toronto Star yesterday, Mad about your hydro bill? Blame nuclear and gas plants: Payments to nuclear and gas-fired generators are the main ingredients in the largest component on Ontario hydro bills Continue reading →

Southern Company Stockholder Meeting @ SO 2013-05-22

Spring means soon time for the Southern Company Stockholder meeting! See what one of the biggest electric utilities in the world is up to, and maybe make a few suggestions.

Here are videos of what you missed last year, and here is the official SO notice for this year (I got a link to it because I’m a shareholder): Notice of Annual Meeting of Stockholders of The Southern Company

DATE: Wednesday, May 22, 2013
TIME: 10:00 a.m., ET
PLACE: The Lodge Conference Center at Callaway Gardens
Highway 18
Pine Mountain, Georgia 3182

It includes a list of Items of Business, which doesn’t mention that stockholders are usually allowed to ask questions. Those questions are usually answered by Thomas A. fanning, Chairman, President, and Chief Executive Officer, who included a letter (text below) in which he recites his usual list of energy sources, in his usual order: Continue reading →