Tag Archives: fungible

Vermont Yankee may be next nuke to close

UBS predicts Entergy will close its Vermont Yankee nuclear power plant soon: that’s the same Entergythat couldn’t keep the power on during the SuperBowl and that can’t keep Pilgrim 1 nuclear reactor up in Massachusetts during a winter storm (down 3 days now, for the third downtime in a month). A few days later, UBS set Entergy up on a quarterly earnings call to mention that Vermont Yankee had already been taken off the New England energy capacity auction, which would make it easy to replace. San Onofre still down in California, Dominion Power closing Kewaunee in Wisconsin, NRC terminated Calvert Cliffs in Maryland, Duke closing Crystal River in Florida, and maybe Vermont Yankee next? How about we pass HB 267 to stop Georgia Power charging for cost overruns for Vogtle 3 and 4 and see how long before Southern Company stops that project?

Andrew Stein wrote for vtdigger 6 February 2013 (updated 7 Feb), In report, financial firm forecasts that Entergy may close Vermont Yankee,

In an investment research letter, the Swiss financial services company UBS Securities anticipates Entergy Corp. will retire one of its nuclear power plants in 2013, and it cites “Vermont Yankee as the most tenuously positioned plant.”

UBS representatives met with Entergy’s new leadership team on Feb. 1, the same day Leo Denault became CEO and chair of the board for the Louisiana-based company that operates the Vermont Yankee nuclear power plant.

And that’s how a clean-broom new CEO often signals his intentions: by bringing in outside experts to provide him cover for what he already intends to do anyway. And this new-broom CEO is Entergy’s former Chief Financial Officer who as CFO has repeated fiddled with Vermont Yankee to try to make it less unprofitable. What did those experts say?

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SB 401 revived in SB 459: lets you generate and sell solar power

SB 401 got tabled in the Natural Resources Committee. 46 other states already let people generate solar power and sell it to a third party.
Yet in only four states — Georgia, Florida, North Carolina and Kentucky Mdash; are third party power purchase agreements disallowed, according to the U.S. Department of Energy.
But Georgia Power convinced that committee that it would raise rates for everybody else. Which is pretty rich coming from the same gapower that is already charging customers Construction Work in Progress for its nuke boondoggle. So SB 401 sponsor Sen. Buddy Carter found another way.

Mary Landers wrote for the Savannah Morning News Friday, Solar bill jolted back to life:

To revive his bill, Carter tacked it onto to one already sent to the Regulated Industries Committee — SB 459, which would allow consumers to opt-out of smart meters like the ones Georgia Power is currently installing in Savannah. The committee held a hearing on the bill Thursday, ultimately tabling it, and saying they wanted more information about how power purchase agreements work in other states.

Carter was elated.

“It’s out there now and people are aware of it,” he said. It’s getting media attention. I feel good about it.”

Help him feel even better about it. Contact the committee chair and tell him we want solar cogeneration:
Senator William Ligon
404-656-0045
william.ligon@senate.ga.gov
Oh, regarding the meter opt-out in the main body of the bill, why let gapower charge people for that? You can mention to Sen. Ligon that people should be able to opt out for free.

-jsq

PS: Owed to Bob Ingram.