Tag Archives: Georgia Power

Already: Solar grid parity without subsidies in India and Italy

Solar power is going so well worldwide that Deutsche Bank has just increased its projections for global demand, noting that India and Italy have already in 2013 reached grid parity without subsidies with other sources of energy, and it expects the rest of the world to follow as early as 2014. The big winner is rooftop solar. Is Georgia paying attention?

Becky Beetz wrote for Global PV 26 February 2013, Deutsche Bank: Sustainable solar market expected in 2014,

Buoyed by bullish demand forecasts, and increasing utilization rates and pricing, Deutsche Bank forecasts a solar market transition from subsidized to sustainable in 2014. Italy REC solar photovoltaic plant

The German bank has raised its 2013 global solar demand forecast to 30 GW — representing a 20% year-on-year increase — on the back of suggestions of strong demand in markets including India, the U.S., China (around 7 to 10 GW), the U.K. (around 1 to 2 GW), Germany and Italy (around 2 GW).

Rooftop installations are, in particular, expected to be a main focus, says Deutsche Bank. A trend for projects being planned with either “minimal/no incentives” has also been observed, despite the belief that solar policy outlooks are improving, particularly in the U.S., China and India, and “other emerging markets”.

More analysis by Jeff Spross in ThinkProgress 3 March 2013, Solar Report Stunner: Unsubsidized ‘Grid Parity Has Been Reached In India’, Italy–With More Countries Coming in 2014.

As Renew Economy also points out, this is the third report in the past month

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Levy Co. FL nuke likely not to be built

Cost already sunk Kewaunee, Calvert Cliffs, Crystal River, and are gnawing away at San Onofre: now it looks like new owner Duke is not likely to build Progress Energy's Levy County, Florida reactor. All that plus even in Georgia, even against all-powerful Georgia Power, there's a reaction against the cost of the always-later always-more-expensive new nukes at Plant Vogtle on the Savannah River. A reaction that's getting written up in the Valdosta Daily Times.

In the VDT today from AP, Some leaders souring on nuclear power costs. I'm quoting from the abcNews version because it includes the author's name, Ray Henry, and the original date, 3 March 2013. I added all the links and images.

As the cost of building a new nuclear plant soars, there are signs of buyer's remorse.

The second-guessing from officials in Georgia and Florida is a sign that maybe the nation is not quite ready for a nuclear renaissance. On top of construction costs running much higher than expected, the price of natural gas has plummeted, making it tough for nuclear plants to compete in the energy market.

In Georgia last week, Southern Co. told regulators it needed to raise its construction budget for Plant Vogtle in eastern Georgia by $737 million to $6.85 billion. At about the same time, a Georgia lawmaker sought to penalize the company for going over budget, announcing a proposal to cut into Southern Co.'s profits by trimming some of the money its subsidiary Georgia Power makes.

And Southern Company and Georgia Power slipped the Plant Vogtle schedule still more, from 15 to 19 months late.

The legislation has a coalition of tea party, conservative and consumer advocacy groups behind it, but faces a tough sale in the Republican-controlled General Assembly. GOP Rep. Jeff Chapman found just a single co-sponsor, Democratic Rep. Karla Drenner.

That's HB 267: Financing costs; construction of nuclear generating plant. And AP failed to mention Georgia Sierra Club's support for HB 267.

As a regulated monopoly, Georgia Power currently earns about 11 percent in profits when it invests its own money into power projects. Chapman's legislation would reduce those profits if the nuclear project is over budget, as is the current projection.

In Florida, there's a move to completely eliminate Construction Work in Progress (CWIP) such as is being used in Georgia to pre-fund the new Plant Vogtle nukes.

In Florida, lawmakers want to end the practice of utilities collecting fees from customers before any electricity is produced.

Florida only recently got CWIP, but Progress Energy has been quick to profit by it:

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HB 267 Would Limit Georgia Power’s Profits on Vogtle’s Cost Overruns —GA Sierra Club

There’s still time to contact your state legislators about stopping Georgia Power profitting from cost overruns on the new nukes at Plant Vogtle. Georgia Sierra Club spells out why.

Georgia Power’s expansion at Plant Vogtle will bring us power that is dangerous, expensive and unnecessary.

You may remember a controversial bill the Georgia Legislature approved in 2009, SB 31, the Nuclear Construction Work in Progress (CWIP) bill, which forces Georgia Power ratepayers to pay the financing costs during construction, rather than over the life of the plant. Large users of electricity are exempt from the charge, but residential and mom and pop businesses have been paying for two years.

Even after that sweetheart deal, the Public Service Commissioners scrapped their staff proposal to stop the company from profiting on cost overruns for the project after they top $300 million.

The most recent reports from the independent monitor established by the PSC says

that the project is months behind and as of December, $88 million over budget. Georgia Power gets to earn 11.15% return on all expenses approved by the PSC, so the more they have to spend, the more they get to make and the more ratepayers get to pay!

Putting the profit issue aside for the moment, if the Georgia PSC ever decided to disapprove cost overruns, Georgia Power could take a page from the Mississippi Power playbook and just get the Legislature to let them issue bonds to pay for the work.

HB 267 by freshman Rep. Jeff Chapman excludes the collection of any profits on cost overruns beyond the $6.4 billion the Public Service Commission has approved. The bill is co-sponsored by Avondale Estates Democrat Karla Drenner, who is a member of the Utilities Committee, to which the bill was assigned. Passage of this bill would provide an incentive for Georgia Power to keep expenses down at Vogtle, something that SB 31 failed to do.

It isn’t fair for Georgia Power to profit to the tune of over 11% on delays, overruns and mismanagement, so ask your State Representative to support HB 267.

-jsq

China regains lead in solar and wind investment —Financial Times

Pilita Clark wrote for Financial Times 14 January 2013, China retakes renewables investment lead,

China has surged ahead of the US to regain its title as the world's biggest investor in renewable energy, new figures showed on Monday.

The article continues by trying to downplay solar and wind because of a drop in investment from other countries, while not mentioning that solar and wind deployments continue to climb. According to Todd Woddy in Forbes 22 January 2013, Chinese Solar Market Boomed In Q4, Accounting For Third Of Global Demand. China has incentive and is doing something about it, as Feifei Shen and Reed Landberg wrote for Bloomberg News 30 January 2013, China to Boost Solar Power Goal 67% as Smog Envelops Beijing.

How much are the Chinese investing? The FT story continues:

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From 15 to 19 months late: Plant Vogtle nukes

Surprise! The already-billing but not-built new nukes at Plant Vogtle are going to be even later and cost even more. In December they were to be 15 months late; now it’s 19 months late, and the cost overrun expected is $740 million. History is repeating itself from the last time Southern Company and Georgia Power built nukes on the Savannah River. How about we pass HB 267 to stop Georgia Power from charging that cost overrun to customers?

Kristi Swartz wrote for the AJC yesterday, Vogtle nuclear project to take longer, cost more,

Georgia Power’s Plant Vogtle nuclear expansion project will take about 19 months longer to complete than originally expected and cost about $740 million more than originally thought, the company said Thursday.

Joseph A. “Buzz” Miller, Executive Vice President – Nuclear Development Southern Nuclear Operating Company Georgia Power said its share of the estimated $14 billion project will rise to $6.85 billion, up from $6.11 billion, because of increased capital costs and additional financing costs. Customers, who have been paying the financing costs since 2011, now will pay them for a longer period of time.

And the amount Georgia Power customers have to pay for Construction Work in Progress (CWIP) keeps ratchetting up:

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Internet and Energy at the Bird Supper

Dear Bird Supper attendees,

Two things could greatly help south Georgia: better Internet access and solar power. You could help stop two telecommunications bills and help pass two energy bills for jobs and education in south Georgia.

Internet Access: help stop two telecommunications bills

The local Industrial Authority, Chamber of Commerce, Valdosta City Council, and Lowndes County Commission have recently realized that fast Internet access is essential to attract businesses, for their employees to work at home, for applicants to apply for jobs, for students to submit assignments, and for general quality of life.

  • HB 282 against muni broadband
    This bill would prohibit local governments from providing Internet access if any local census block has 1.5Mbps access. Localities may or may not want to do it themselves, but they shouldn't be prohibited from using this option now that it is obvious to everyone that the commercial incumbents are not doing the job. Legislators please vote this bill down.
  • HB 176 for higher cell towers with less local government oversight
    This really bad bill would let cell telephone companies build towers wherever they want to at any height, taking away local government power to regulate that. It could even let private companies exercise eminent domain. Legislators please vote this bill down.

Energy: help pass two energy bills

Solar power can be a distributed source of jobs in south Georgia. Antique laws and a subsidized nuclear boondoggle are hobbling solar power.
  • GA SB 51, The Georgia Cogeneration and Distributed Generation Act
    Senator Buddy Carter has introduced a Senate bill for the current session of the legislature, SB 51, "The Georgia Cogeneration and Distributed Generation Act of 2001". It attempts to fix Georgia's special solar financing problem, the antique 1973 Territorial Electric Service Act, which says you can only sell power you generate to your one and only pre-determined electric utility, at whatever rate that utility sets.
  • HB 267 Financing costs; construction of nuclear generating plant
    Stop Georgia Power from charging customers for cost overruns for Plant Vogtle, already 15 months behind schedule and a billion dollars overbudget for power that nobody has received, yet Georgia Power has already billed customers about $1.7 billion. Bipartisan cosponsors are Jeff Chapman (R—Brunswick) District 167 and Karla Drenner (D—Avondale Estates) District 85. This boondoggle on the Savannah River is what Georgia Power and Southern Company are doing instead of deploying solar inland and wind off the coast.

-jsq

Want to finance solar? Call GA Sen. Jack Murphy today about SB 51

A Georgia Senate committee needs to take it up a bill that would greatly ease financing solar power for your housetop or business roof. Sen. Jack Murphy is the chair, and you can contact him today.

GA SB 51, The Georgia Cogeneration and Distributed Generation Act, was read to the Senate 16 January 2013 and referred to the Committee on Regulated Industries and Utilities. Here’s contact information for the Chair of that Committee:

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Radioactive tritium leak at Plant Hatch discovered yesterday

Will Georgia Power CEO Paul Bowers say this tritium leak at Plant Hatch is not a problem, like he did about the one in September 2011? Meanwhile, how many tritium leaks have you heard of from solar panels or wind mills?

According to the NRC’s Event Notification Report for February 14, 2013, OFFSITE NOTIFICATION DUE TO TRITIUM RELEASE ONSITE,

“As part of routine rounds on 2/13/13, site personnel discovered an overflow condition at a collection tank containing water with low levels of tritium (approximately 6,000 pCi/L). The discharge pump for the tank was found to be nonfunctional which resulted in the overflow condition. Following discovery, a portable pump was utilized to pump the water to the normal monitored discharge path and terminate the overflow condition. The exact volume could not be determined but it is estimated that the volume of water that overflowed to the ground was greater than the 100 gallon threshold for voluntary reporting as indicated in Nuclear Energy Institute (NEI) 07-07, ‘Industry Ground Water Initiative-Final Guidance Document.’ A rough estimate of the release is between 100 and 300 gallons. The tritium was contained to a small area on the plant site in the vicinity of the discharge structure, and there is no significant potential for off-site impact or impact to on-site personnel.

“Because the leak remained on site, there will be no offsite impact to drinking water sources. Furthermore, the release posed no threat to employees or the public. Southern Nuclear [SNC] will continue to monitor the affected area as required.

Sure, and they’ve got a ten-mile-radius emergency plan for Plant Hatch, too! Nevermind the Floridan Aquifer that underlies the whole coastal plain hereabouts, and that we drink from over here, only 100 miles from Plant Hatch. The report says they’ll report to the state:

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Renewable energy much needed in Georgia —John S. Quarterman

My op-ed in the VDT today; I’ve added links, plus some more after the op-ed.

Finally! Kewaunee, Calvert Cliffs, and now Crystal River permanently closing say it’s time for Georgia to stop wasting money on Southern Company’s already over-budget and increasingly-late nukes and get on with solar power and wind off the coast: for jobs, for energy independence, and for clean air and plenty of clean water.

February 2013:
Duke Energy is closing the Crystal River nuclear reactor (Tampa Bay Times, 6 Feb 2013), 160 miles south of us, because nobody wants to pay to fix it: between “$1.5 billion and $3.4 billion, plus what it costs to buy power to replace what Crystal River would have produced while it is being repaired” [Charlotte Business Journal, 11 Jan 2013].
November 2012:
NRC terminated Maryland’s Calvert Cliffs 3 (NRC 1 Nov 2012) after Constellation Energy dropped out because the cost “is too high and creates too much risk for Constellation” [Bloomberg 10 Oct 2010].
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“It has to close because of the pocketbook.” —Kyle Jones on Maine Yankee nuclear power plant

Instead of demonstrating to influence legislators, sometimes it's better to get elected and legislate: that's what Kyle Jones did in Maine, and he closed the Maine Yankee nuke, de-monopolized the state's electrical utilities, and instituted a 30% renewable energy goal. All this was helped by the nuclear industry's own incompetence.

Bangor Daily News, Page A2, 28 May 1997, Maine Yankee plant may be closed down: Owners weigh repair costs, deregulation,

Page 2A Bangor Daily News 28 May 1997 Cracking in the plant's steam generator tubes, which carry the superheated, radioactive water, was first discovered in 1990. In 1994, Main Yankee officials predicted that the plant's problems were over after they plugged more than 300 of the cracked tubes. However, testing of the tubes during a shutdown for refueling in 1995 revealed as many as 10,000 additional cracked tubes.

Sounds a lot like San Onofre.

At the time, it was estimated that permanently shutting down the plant would cost at least $316 million while, after 23 years of operation, Maine Yankee had collected only $100 million to pay for its decommissioning. The most recent estimate for decommissioning is $369 million, of which only $169 million has been raised as of this month.

Facing the accumulation of these engineering and operational difficulties, the owners of the plant signaled a departure from business-as-usual and, earlier this year, brought in the New Orleans-based Entergy Corp. to provide management services at Maine Yankee.

Oh, my! The same Entergy that's now likely to close Vermont Yankee. And Vermont Yankee wasn’t the first to follow this financial path to closure:

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