Tag Archives: Georgia Power

Look at Southern Company’s safety performance –SO CEO Fanning

SO CEO Fanning on Fukushima At last year’s Southern Company Stockholder Meeting, Southern Company CEO Thomas A. Fanning said about the U.S. nuclear industry and Southern Company’s safety performance:

And if you look at our performance, we absolutely meet the standards that our customers expect and frankly deserve. So let’s start there.

Since then SO has not managed to pour the concrete base correctly at Plant Vogtle and not managed to get a reactor vessel from Savannah port to the site. Also existing Vogtle Unit 1 had a fire while Unit 2 was shut down for almost all of March 2013. The two Plant Hatch reactors, same design as Fukushima, so far as we know still have substandard fire protection and has a chronic problem of radioactive tritium leaking into groundwater. Tritium, even the smallest amounts of which can have negative health effects. And what gets into the watershed spreads in the watershed. The U.S. nuclear industry in general has problems with alcohol, drugs, and broken equipment. But back to SO CEO Fanning about Fukushima: 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,

Continue reading

How can we get Georgia to move ahead in solar power?

If we can’t expect Georgia Power or Southern Company to change their tune about solar power, what can we do? Legislate and raise public pressure, while getting on with installing what solar power we can.

Maybe it’s time to pass something like HB 267 that would limit Georgia Power’s profits on that 19-month-late and $1 billion over budget nuclear boondoggle at Plant Vogtle. Instead of pouring more money down that broken concrete pit on the Savannah River, we need something like GA SB 51, The Georgia Cogeneration and Distributed Generation Act, to fix Georgia’s special solar financing problem, the antique 1973 Territorial Electric Service Act. That’s the 40-year-old antiquated law that SO CEO Thomas A. Fanning says “we need to protect”. Maybe SO does, for Fanning’s huge raises in compensation. Georgia Power and SO are not only defending that antique law, they’re preventing a Georgia Renewable Portfolio Standard (REPS) by stopping passage of bills like HB 503. Georgia Power, SO, and super-lobby ALEC systematically oppose renewable energy standards. They do this so successfully there are no REPS in Southern Company (SO)’s service territory, nor in most of SO’s surrounding “Competitive Generation Opportunities” states. One of the few exceptions is North Carolina, and a bill was introduced there to eliminate NC’s REPS.

Maybe it’s even time to do something about Georgia Power’s 11% guaranteed profit. Isn’t Georgia Power supposed to be a utility operating for the good of Georgians? Why does it get a guaranteed profit to pass on to Southern Company shareholder dividends and SO executive bonuses?

Georgia Power and even Southern Company could suddenly flip for solar power like Austin Energy did in 2003 and Cobb EMC did in 2012. But that probably won’t happen without a lot of public pressure, legal requirements by the Georgia legislature or PSC, or a shareholder revolt. So let’s start with the public pressure….

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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?

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Georgia behind Maryland and Massachusetts in solar power

California and Texas ahead of Georgia in solar power, sure, but Maryland and Massachusetts, small and far to the north with less sun? Does that seem right to you?

According to the Solar Energy Industries Association (SEIA), Georgia should be number 5. Georgia should be moving up the rankings as fast as any state except maybe Arizona or Colorado, according to an Arizona State University study of two years ago that said Georgia was third among state that would benefit from solar deployment through generating and exporting energy to other states. The U.S. as a whole keeps installing far more solar power each year, but Georgia Power and Southern Company keep holding Georgia back.

It’s great that Valdosta will soon get 2 more megawatts of local solar power. But while we’re waiting for Georgia Power to slowly get around to doling out 277 megawatts over several years, New Jersey has 1,000 megawatts already installed. Georgia is #22, behind #21 Connecticut. Why do we let that continue?

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Videos: audit, solar, office, and more @ VLCIA 2013-04-16

Interesting stuff (audit and internal controls, many meetings, 2 megawatts of solar power, searching for and finances of a new office from a mysterious seller) in the items missing from the posted agenda yet presented anyway, while two staff were elsewhere.

Here’s the agenda with a few notes and some links to the videos. * marks items that were not in the posted agenda.

Valdosta-Lowndes County Industrial Authority
Agenda
Tuesday, April 16, 2013 5:30 p.m.
Industrial Authority Conference Room
2110 N. Patterson Street
Continue reading

Two more megawatts of local solar power! @ VLCIA 2013-04-16

One megawatt at DuPont and one megawatt at Valdosta’s Mud Creek Wastewater Treatment Plant: that’s two more megawatts of solar power coming to Valdosta and Lowndes County! This was revealed at the 16 April 2013 Board Meeting of the Valdosta-Lowndes County Industrial Authority.

Project Director Allan Ricketts was on a speaker phone, so Executive Director Andrea Schruijer gave the Existing Industry and Project Report. She thinks maybe three existing industry expansions in second and third quarter 2013. They’ve continued working with a pharmaceutical company about locating here; more on that later. Continued work with three renewable and sustainable energy companies, and Georgia Power is cooperating.

We did receive notification that two of those advanced solar initiatives have been approved by Georgia Power Company.

One of them is a megawatt solar expansion at DuPont. The other is a megawatt solar expansion at the City of Valdosta’s Mud Creek Wastewater Plant.

She didn’t mention that in most states such projects wouldn’t have to be approved for doled-out quotas by a power company.

Schruijer also talked about Continue reading

A grid with a million solar rooftops

Bill McKibben wrote for Rolling Stone 11 April 2013, The Fossil Fuel Resistance,

A grid with a million solar rooftops feels more like the Internet than ConEd; it’s a farmers market in electrons, with the local control that it implies.

Distributed solar power is exactly what electric utilities fear. There’s a reason why Southern Company CEO Thomas A. Fanning consistently ranks “renewables” as his second-to-last power source; the only thing worse for big baseload utilities is his last one: efficiency, which could remove all demand for additional electrical supply in Georgia.

How big of an opportunity for the rest of us is this threat to the cozy business model of big baseload utilities? 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