Category Archives: Renewable Energy

Climate change adversely affecting U.S. power grid

Yes, and moving away from baseload coal, nukes, and natural gas and towards distributed solar and wind power will help with that, both directly by making the grid more resilient, and indirectly by slowing climate change.

Clare Foran wrote for NationalJournal 12 August 2013, Climate Change Is Threatening the Power Grid: So says the White House, in a new report that recommends strengthening the grid.

Just days away from the 10-year anniversary of the worst power outage in U.S. history, the White House and the Energy Department released a report on Monday evaluating the resiliency of the nation’s electric grid and recommending steps to prevent future blackouts.

The report called storms and severe weather “the leading cause of power outages in the United States,” and warned against the steep cost of weather-related damage to the electric grid. It put the price tag for electrical failures caused by inclement weather at between $18 billion and $33 billion annually, and noted that costs have increased in recent years, jumping from a range of $14 billion to $26 billion in 2003 to $27 billion to $52 billion in 2012. Storms exceeding a billion dollars in damages (electrical and otherwise) have also become more frequent in the past decade, as the chart below shows.

Well, Entergy’s Arkansas Nuclear 1 (ANO1) is still down more than four months after a fatal accident (hey, look at that; Continue reading →

New nukes make no financial sense –financial expert to GA PSC

If new nukes make no sense because of natural gas prices, they make even less sense with continually-dropping solar power prices.

Ray Henry wrote for AP yesterday, Regulator: New nuke plant now wouldn’t make sense,

If Georgia was starting from scratch, it would not build a nuclear power plant….

An analyst working for state regulators, Philip Hayet, said in written testimony that the total costs of building two more nuclear reactors at Plant Vogtle (VOH’-gohl) is more expensive than the next-best option, constructing natural gas plants.

Still, Hayet said it is cheaper in most scenarios to finish the nuclear plant rather than halt the project and instead build natural gas plants.

But it’s not cheaper to finish a nuke than to halt it and get on with wind offshore and distributed solar power throughout Georgia.

GA PSC didn’t publish Hayet’s calculations, using the old excuse of “they involve proprietary financial information from Southern Co. subsidiary Georgia Power”. But Edison Electric Institute didn’t need any proprietary financial information to compute that Continue reading →

EDF exits nuclear, focuses on solar and wind

EDF is moving to solar and wind, despite its excuse of shale gas for leaving the U.S. nuclear market. EDF already has almost twice as much solar and wind in the U.S., 2.3 gigawatts, as the 1.2 gigawatts Southern Company plans by 2016. Maybe this means Calvert Cliffs is finally dead maybe along with NRC’s attempt to change foreign ownership rules to accomodate EDF. EDF is the operator of France’s fleet of nuclear reactors, including caught-on-fire Cattenom and many others that drain over-hot water into French rivers in the summer.

Reuters in Climate Spectator 31 July 2013 EDF exits US nuclear, focuses on renewables,

French utility EDF, the world’s biggest operator of nuclear plants, is pulling out of nuclear energy in the United States, bowing to the realities of a market that has been transformed by cheap shale gas.

Several nuclear reactors in the US have been closed or are being shuttered as utilities baulk at the big investments needed to extend their lifetimes Continue reading →

Southern Company missed earnings on Kemper Coal but Plant Vogtle is dominant

The dominant financial consideration is “what’s going to happen with Georgia”, meaning with nuclear Plant Vogtle, said SO CEO Tom Fanning, referring to the GA PSC CWIP monitoring hearings currently in progress. Meanwhile, that $160 million estimate 2 July 2013 of more Kemper Coal cost overruns by 30 July turned into $278 million after taxes (AP). This is on top of $333 million after taxes in May. SO earnings fell 52% (WSJ), missing projections, and SO stock dropped 2% yesterday.

Remember GA PSC Tim Echols already suggested a Plant Vogtle cost overrun cap similar to the one Mississippi PSC applied to Kemper Coal that caused SO to have to eat all those costs. If that happens, SO’s got financial problems.

Has SO seen the solar light yet, as in reliable, dependable, and deployable on time and on budget? Nope. Solar was tacked onto the end of Tom Fanning’s summary of interesting stuff in the 31 July 2013 earnings call: Continue reading →

The Economist answers Paul Bowers about carbon tax

Back in May someone asked Georgia Power CEO Paul Bowers what he thought about a carbon tax, and he answered, “Why would anyone want that?” The Economist answered his question, 29 June 2013, Tepid, timid: The world will one day adopt a carbon tax—but only after exhausting all the alternatives,

Winston Churchill famously said America would always do the right thing after exhausting the alternatives. The right thing in climate You can always count on Americans to do the right thing, after they ve tried everything else. --Winston Churchill policy for all the big countries is a carbon tax, which is simpler and less vulnerable to fluctuations in emissions than cap-and-trade schemes. For years, such a tax has been a non-starter politically. But as the alternatives are tested to destruction, it deserves to be looked at again. Current environmental policies will not keep the rise in global temperatures to below 2°C—the maximum that most climate scientists think safe. A carbon tax, if stiff enough, could. Big polluters should assume that such a tax will one day arrive, and start planning for it now.

Dear Paul Bowers,

Stop being tepid and timid. Go beyond Continue reading →

German wind overpowering?

The biggest wind problem in Germany is it produces too much power? Fortunately there are two well-known simple solutions to this problem raised by GA Public Service Commissioner Tim Echols in a comment yesterday. I do want to thank him for engaging in dialog with the public.

Tim Echols wrote:

eeX DE wind 2013-07-20 We need nuclear, coal and gas as our baseload power. Germany is doing the opposite and they are in trouble. Their people pay triple what we pay for power, and when the wind is blowing at night or on the weekend, the Germans have to pay Poland to take their excess power. All of that primarily because the German people hate nuclear power. In Georgia, we are leading the nation, and I am fine with that. I just want to make sure our ratepayers are protected and not paying for the learning curve of new nuclear.

As FERC Chairman Jon Wellinghof has been pointing out for years, baseload is the problem. The baseload ideology stands in the way of the distributed solar power the vast majority of the American people want, and in the way of wind power.

Regarding German power costs to customers, Germany is far north of here, with far less sun, and Germany has depended heavily on Feed-In Tariffs, which may or may not be what we need in Georgia. Meanwhile, what’s been hiking power rates in Georgia is not solar or wind power, it’s nuclear and natural gas. And not for Feed-In Tariffs, either, which are only charged on actual energy production. The Georgia legislature approved Construction Work in Progress (CWIP) for nuclear, and GA PSC has raised rates to pay for natural gas plant construction, which amounts to the same thing. If we want to save ratepayers money, we should get on with solar and wind power.

Now to the problem with two well-known solutions: Continue reading →

Moody’s confirms excellent bond rating for Lowndes County School District

Lowndes Schools’ decrease of $4.1 million in annual bond payments after 2013 is more than the total $3.6 million in bonds Dublin Schools issued to pay for their megawatt of solar power. So Lowndes Schools could float bonds for solar panels at Lowndes High School like Dublin Schools did for Dubin High School. Or on the new Pine Grove Middle School, which already has some energy efficiency features. Either would decrease outgo in the future, thus evening up the financial structural balance and increasing reserve levels. The SPLOST mentioned by Moody’s is the educational ESPLOST, which passed by more than 4 to 1 in March 2011.

Moody’s PR 17 July 2013, Moody’s confirms Lowndes County School District, GA’s Aa3 GO rating,

$34.9 million in GO debt affected

New York, July 17, 2013 — Moody’s Investors Service has confirmed the Aa3 general obligation rating of Lowndes County School District, GA. The Aa3 rating affects $34.9 million in outstanding general obligation bonds. The bonds are secured by the district’s general obligation, unlimited tax pledge but are expected to be paid from proceeds of a one percent Special Purpose Local Option Sales Tax (SPLOST). The district has an additional $10 million in general obligation bonds not rated by Moody’s.

SUMMARY RATING RATIONALE

The confirmation of the Aa3 rating reflects the district’s sizeable and growing tax base, SPLOST support of debt service, modest debt burden, and rapid payout. The rating also incorporates the district’s below average socioeconomic indicators and recent trend of General Fund operating deficits. Excluding a slight 1.7% decline in fiscal year 2011, Lowndes County School District has consistently experienced growth in the $3.87 million tax base, which is expected to continue going forward. The base benefits from the institutional presence offered by Moody Air Force Base, Valdosta State University (A1/stable), and South Georgia Medical Center (A2/stable). The current SPLOST is authorized through September 2017 and should provide sufficient revenues to make debt service payments. In fiscal year 2012, SPLOST revenues were $12.4 million compared to debt service payments of $12.2 million. Following fiscal year 2013’s payment of $12.1 million, the district’s payments will decline to just under $8 million annually. Amortization is rapid with all debt fully matured by fiscal year 2018. The district does not have any plans to issue additional debt.

Continue reading →

Solar power to Peru’s poorest

While we’ve been fighting over solar for 1% of Georgia Power’s production (we won, yay!), Peru is busily providing solar power for almost all of its poorest citizens.

Don Lieber wrote for PlanetSave 15 July 2013, Peru To Power 2 Million Of Its Poorest — By Solar Energy

The first phase of the program, called “The National Photovoltaic Household Electrification Program” was initiated on Monday (July 8) in the Contumaza province, where 1,601 solar panels were installed. These installations will power 126 impoverished communities in the districts of Cupisnique, San Benito, Tantarica, Chilete, Yonan, San Luis, and Contai.

As MEM says, PR 066-11 14 February 2011,
The availability of solar power makes its use attractive throughout the whole country.

MEM remarked about a 20 MW solar plant in Moquegua, PR 197-11 11 May 2011,

Project will produce clean energy and generate local employment Continue reading →

China ends a nuclear treatment plant after demonstrations

“In order to respect the popular will, the government of” the city of Heshan refused to proceed with a $9 billion uranium processing plant. That happened after this, yesterday:

The cancellation, unusually fast, demonstrates the increasingly important attention given by the authorities to environmental concerns that are often expressed at the local level. Several projects of petrochemical plants and metal processing have recently been postponed or relocated.

Yes, I know the plant may just be relocated somewhere else. But with enough such demonstrations it won’t be built. How about some of this respect for the popular will about, for example, the natural gas pipeline through Georgia from Alabama to Florida, or the new nukes at Plant Vogtle?

Le Monde, today, Continue reading →

Valdosta budget with goals and accomplishments for each department

It’s too bad nobody came to Valdosta’s two public budget hearings, because the city prepared 183 slides with details for each department, including goals and accomplishments. On the LAKE website is that presentation sent on request by City Clerk Teresa Bolden, and converted to HTML by LAKE. Plus the actual budget. No open records requests were required. Oh, and Valdosta runs garbage collection on a balanced budget without any exclusive franchises.

Valdosta News PR 20 June 2013, City Delivers a Balanced Budget: No property tax increase proposed for citizens,

The Valdosta City Council approved the fiscal year 2014 budget for the City of Valdosta at the June 20 City Council meeting, after having the opportunity to hear the proposed budget at the hearings on June 11 and 12. City staff presented the council with a balanced budget, as required by the City Charter, possibly one of the most challenging and difficult budgets prepared in years.

City leaders decreased the overall city budget from $86.2 million to $77.3 million, a result of Continue reading →