Tag Archives: Coal

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 →

Bloomberg links MS Kemper Coal cost overruns to GA Plant Vogtle nukes

Betty Liu of Bloomberg quizzes Thomas A. Fanning of Southern Company Bloomberg has video of Southern Company CEO Thomas A. Fanning trying to explain away how cost overruns at SO’s nuclear Plant Vogtle in Georgia are linked to cost overruns SO’s coal Plant Kemper in Mississippi.

Betty Liu: This project along with the Vogtle project… has some investors wondering maybe Southern Company has stretched itself too thin, with these two major projects you’ve got under way….

Fanning: In fact, the Vogtle project is going beautifully. We have delayed the in-service date by a year, but….

That’s funny, GA PSC and the AJC say Continue reading →

Poor Southern Company: losing money on Kemper Coal in Mississippi

Apparently $1.88 billion wasn’t enough for Southern Company to charge the ratepayers of Mississippi Power enough for their “clean coal” plant. “Escalating costs”: kind of like SO’s new nukes at Plant Vogtle? Southern Company CEO Fanning says “I know people will try and link those, but they are not at all even similar.” What do you think?

Kristi Swartz wrote for the AJC 24 April 2103, Miss. power plant costs hurt Southern Co. profit,

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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 →

35 jobs for 51 coal plants of CO2: Keystone XL Pipeline

What pollutes almost as much as one and a half coal plants per permanent job? The proposed Keystone XL Pipeline. Does that sound like a good deal to you?

Talia Buford and Darren Goode wrote for Politico 1 March 2013, State Dept. Keystone report plays down climate fears, Continue reading →

When contamination gets into the watershed

Fort Gillem groundwater contamination Underground may be out of sight, but it just keeps seeping farther, getting into more wells, poisoning more wetlands, and getting into the air, causing cancer and other diseases.

Katie Leslie and Shannon McCaffrey wrote for the AJC 13 April 2013, 20 years later, Fort Gillem contamination still spreading,

In the early 1990s the U.S. Army discovered hazardous chemicals dumped at Fort Gillem seeping into residential wells in neighboring Forest Park. The finding prompted the military to pass out bottled water and convert many residents to a county water system from their private wells.

But two decades and a base closure later, state officials say the Army still hasn’t done enough to clean up known and suspected carcinogens that are migrating from groundwater into surface water and, potentially, into the air residents breathe.

groundwater contamination from a waste disposal site

We might want to think about that before importing coal ash; oh, wait, we already did! Maybe at least we should not import any more of it. We already have cancer-causing arsenic in some of our wells; we don’t need more. And what about that 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 →

Plant Scherer coal ash maybe related to uranium in well water

Uranium has been found in well water near Juliette, Georgia, but tests by several different groups of researchers differ on whether it might be related to nearby coal ash from Plant Scherer. The same coal ash ponds near which some people are getting cancer from uranium in their well water. Coal ash like we have in Veolia landfill in Lowndes County.

S. Heather Duncan wrote for Macon.com yesterday, New water test results shed light on Juliette contamination,

Many Juliette residents have expressed concern that a coal ash pond at Plant Scherer, one of the largest coal-fired power plants in the country, might be causing the problem. Georgia Power is majority owner and operator of the plant and its 750-acre, unlined pond filled with coal ash slurry, which can contain heavy metals such as uranium….

Since then, water samples tested by the Environmental Protection Agency, as well as a smaller group of samples tested by a group of University of Georgia graduate students, showed no pattern of contamination that could be clearly linked to groundwater flow from the coal ash pond. The samples were taken last year, but in some cases it took months for the samples to be analyzed….

On the other hand,

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Electric utiltiies know about Moore’s Law for solar power

And they know compound annual growth, even at a low 22% rate, is going to cause them a heap of trouble.

More from the Edison Electric Institute January 2013 report, Disruptive Challenges: Financial Implications and Strategic Responses to a Changing Retail Electric Business (rehosted on the LAKE web server, since it disappered from the EEI server),

The decline in the price of PV panels from $3.80/watt in 2008 to $0.86/watt in mid-20121. While some will question the sustainability of cost-curve trends experienced, it is expected that PV panel costs will not increase (or not increase meaningfully) even as the current supply glut is resolved. As a result, the all-in cost of PV solar installation approximates $5/watt, with expectations of the cost declining further as scale is realized;

Sure, costs won’t continue to drop forever, but Continue reading →

Fossil fuels get five times the subsidies of renewable solar and wind

Fossil fuels get more than $70 billion dollars a year in U.S. government subsidies (tax breaks and direct spending), while solar and wind get only about $12 billion, so fossil fuels got more than five times as much, while nuclear got ten times as much (especially in Georgia). Even corn ethanol, that sounded-like-a-good-idea-at-the-time boondoggle, gets more subsidies than solar and wind put together.

That’s without even going into the externalities such as healthcare costs due to polution, environmental destruction through mountaintop removal for coal, tar sands oil drilling, and fracking for natural gas, and wars for oil and uranium.

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