Tag Archives: Georgia Power

Electric Utility Profits in the Forbes Global 2000 from 2006 through 2012

Which are the most and least consistently profitable electric utilities in the world? Hint: the biggest losers all lost on nukes. But the biggest winners may surprise you.

Following up on Southern Company CEO Thomas A. Fanning’s brag that “We are a great, big company from an energy production standpoint,” I looked in the Forbes Global 2000 to see which are the biggest electricities in the world. Indeed, Southern Company (SO) is the biggest in the U.S. and number 6 in the world for 2012. But what about the rest, and what about previous years? Here’s a graph of profits for the top 40 electric utilities from 2006 through 2012. SO is the blue line muddling along in the middle:

Profits

Profits
Graph by John S. Quarterman from

What’s that dark red line dropping way below the rest? Tokyo Electric Power (TEPCO), owner of the Fukushima nuclear plants. And the red line starting at the top and ending up near the bottom? E.ON, the company that owns most of Germany’s nuclear plants, as Germany shifts away from nuclear energy, after Cheronobyl and now Fukushima. The blue line that ends up as low as E.ON? Korea Electric Power (KEP), also an owner of nuclear plants. All the big losers are nuke owners.

What about the winners? The light green line ending up second by profits is Electricité de France (EDF), also an owner of nuclear plants, but one which has not yet had a major accident.

But what’s that purple line that starts near the top and ends up at the top?

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TEPCO shareholders revolt about Fukushima

Southern Company might want to pay attention to this story about shareholders protesting the owner of the radiation-leaking Fukushima nuclear plants complaining in record numbers. Or SO shareholders might want to pay attention.

Mark Willacy wrote for Australia Network News, Fukushima report prompts anger at TEPCO meeting,

Anger against the company has intensified, after it released an in-house report into the disaster, in which it denies ever hiding information and blames the Japanese Government for confusion and delays.

In its 352-page report, TEPCO also claims that on March 13, less than 48 hours after a massive tsunami slammed into the Fukushima nuclear plant, it dispatched employees to the village of Namie, just a few kilometres north-west of the plant, and right in the path of the approaching radioactive plume.

But Tamotsu Baba, the mayor of Namie, has told the ABC’s AM that claim is a lie.

“TEPCO’s report says that on the 13th of March their employees visited our offices to explain the situation,” he said.

“We were never visited by anyone from TEPCO. Nor was the situation explained to us.

“I feel they are liars. TEPCO’s report makes me angry.”

TEPCO of course says it didn’t lie, however:

Continue reading →

Smart grid already in use due to heat waves

So if heat waves already require spot buys of electricity at high prices and is already enabling a market in demand responses to bring down, even while most electricity in the U.S. still comes from big baseload plants such as coal, nuclear, natural gas, and hydro, why is Southern Company saying we have to wait on a smart grid to deploy solar and wind energy?

This is from an EnerNOC Press Release of today that is all over the net:

…on Thursday, June 21, EnerNOC was dispatched by eleven grid operators and utilities across the US and Canada, including eight in Pennsylvania and New York, largely in response to a record heat wave across the northeast and mid-Atlantic regions that put strain on the grid and drove real-time energy prices in some regions to over $1,500 per megawatt hour, approximately 60 times higher than the previous week’s average prices. Demand response reduces the need for utilities and grid operators to procure additional supply at such high prices both by reducing overall demand on the grid and by targeting reductions in particularly constrained areas.

So demand response is energy conservation through energy distribution efficiency.

Well, maybe demand response duing that heat wave was on a small scale. Or not:

“Nearly 1,200 commercial, institutional, and industrial energy users in Pennsylvania, New York, Vermont, Ontario, and other constrained regions responded to Thursday’s dispatch, providing valuable capacity to the grid that helped to stabilize prices and reduce system strain,” said Tim Healy, Chairman and CEO of EnerNOC. “Our DemandSMART application, which streams real-time energy data from thousands of sites, showed demand quickly drop from the grid as our network was activated and allowed our customers to see the contribution they were making to grid reliability and reduced prices.

So sure, this is a press release from the company that’s doing this electricity dispatch. But it’s verifiable, starting with the customer company contacts in the press release.

FERC Chairman Jon Wellinghoff pointed out years ago that Continue reading →

How long until solar beats gas?

We’ve heard even German coal importers say solar beats coal. How long until clean solar beats dirty natural gas fracking?

Southern Company has already cut energy production from coal in half, from 70 or 80% to 35%. Unfortunately, SO did that mostly by shifting to natural gas. Natural gas produced through “a revolution in shale gas”, commonly known as fracking. Do we want to trade dirty water for clean air?

Unlike Johnson & Johnson and Dell (and Coke and Pepsi and Amazon and and more than a dozen more, including even Wal-Mart), the Southern Company has not cut ties with ALEC and its pro-fracking and anti-solar campaign. Why is the Southern Company betting on a dirty horse?

How long until SO CEO Thomas A. Fanning’s “one day” when renewable energy becomes economical? Sooner than his prediction of next decade, as in two years ago solar crossed nuclear, wind is already at parity with nuclear, and even Southern Company realizes coal doesn’t beat anything anymore.

How long before solar beats natural gas, relegating gas to much-reduced use as a backup for sun and wind power, as John Blackburn already projected in March 2010 can happen in North Carolina?

How long will it take for the sun and the wind, with a little water and even less natural gas, to power the world? How long? Not long.

Because the arc of the solar Moore’s Law is long, but it bends down for price per watt, while the price of fracking, no matter the quakes and dirty water for ever, does not.

-jsq

Johnson & Johnson and Dell dump ALEC: where’s Southern Company?

J&J and Dell ditched ALEC, for two dozen bailing out of that ship of dubious lobbying. Where's The Southern Company? Still supporting ALEC's pro-fracking and anti-solar campaign?

A week ago Rebeka Wilce reported for PR Watch that Johnson & Johnson 19th Company, 23rd Private Sector Member, to Cut Ties with ALEC. Today Scott Keyes reported for ThinkProgress that Dell Becomes 21st Company To Drop ALEC. So many companies have ditched the corporate-legislative private-public partnership American Legislative Exchange (ALEC) that it's hard to keep count. Yet we still haven't heard from The Southern Company (SO), even as ALEC continues its drive to dismantle incntives for renewable energy and preserve fracking loopholes, and The Southern Company continues expanding use of natural gas (knowing it comes from fracking) while putting off solar and wind until "one day" some time next decade maybe, and (through its subsidiary Georgia Power) actively opposing fixing Georgia legislative hurdles to renewable energy. All that plus wasting Georgia Power customer cash and taxpayer dollars on useless new nukes at Plant Vogtle.

Come on, Southern Company and CEO Thomas A. Fanning: you can do better than that! Turn to the sun and the wind for clean green jobs for community and profit.

If you're a Georgia Power customer and you'd like to help persuade SO, you can pay your Plant Vogtle Construction Work in Progress (CWIP) charge in a separate check and write on it what you'd like instead. Even if you're not, it's election season, and every member of the Georgia legislature is running: you can contact your candidate and find out what they're willing to do to get us solar and wind for energy independence, jobs, community, and profit.

-jsq

SO CEO Fanning: Policy, jobs, and the economy plus fracking

You may have wondered, how was Southern Company (SO) CEO Thomas A. Fanning so ready and able to respond at length to any question at the SO shareholder meeting? Because he’s a class A CEO who does his homework, such as this white paper he wrote dated September 2011: American Energy Policy, Jobs and the Economy, in which he explains what he meant by “the revolution we have seen in the shale gas industry”.

So, natural gas is important, but it’s not a panacea. Here’s why.

First, the reason prices have dropped so far is because of a new technology called fracking, which releases natural gas from so-called tight rock formations, such as shale gas. Fracking is the injection of chemicals underground, which have the effect of fracturing the rock deposits, thereby releasing the natural gas. There are environmental concerns around the chemicals associated with the fracking process. Those concerns have to be resolved.

Those concerns range from polluted groundwater to earthquakes. It’s great that SO is turning away from coal. I don’t think it’s so great to trade dirty air from coal for dirty water and earthquakes from fracking.

Secondly, many of these shale gas deposits are in places where there is no sufficient pipeline infrastructure necessary to move the gas to the places it’s needed to generate the electricity. Pipelines will have to be built. It will take time. We need to resolve that issue, too.

Meanwhile, rooftop solar Continue reading →

Solar Lowndes High?

What does the world see driving north up I-75 past Valdosta? The empty roofs of Lowndes High School. Every south-facing one of which could hold solar panels.


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That would do more to put Lowndes County and Valdosta on the map as supporting solar and thus knowledge-based jobs than any amount of exit beautification.

Run out of roof space? What about those parking lots:


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And it wouldn’t take a Ted Turner to do it. In all but a few states the Lowndes County Board of Education (LCBOE) could let a private company finance and install all those solar panels and then lease the electricity for a fixed rate for 20 years, greatly reducing the school’s electricity bill and promoting our local community, all without any expense to we the taxpayers.

But you can’t do that in Georgia! Because Georgia Power doesn’t want us to. Unless we get some laws changed. Follow the link for how.

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PS: I haven’t forgotten Valdosta High School. All the economic advantages would apply just as well for the Valdosta Board of Education and Valdosta taxpayers. Even Valwood could do this and profit. If we get Georgia law changed to permit it.

Company installs solar and leases it to New Jersey school: you can’t do that in Georgia

Schools can’t do this in Georgia, because of the Territoriality Law. They can’t have a company finance and install solar panels on their property and lease the power from them at a fixed rate. You can’t, either, not even on your own private property. Does that seem right to you?

US DoE EERE wrote (no date), NJ School Installs 6.1 MW Solar System,

A 100-year old private school, Lawrenceville School, in Lawrenceville, N.J., installed a 6.1 megawatt ground-mounted system on 30 acres of school-owned farm land. The system features 24,934 SolarWorld solar panels, manufactured at the company’s U.S. headquarters in Hillsboro, Oregon. KDC Solar leased the land for the project from the school and owns and maintains the solar equipment. Through a power purchase agreement, the Lawrenceville School will buy electricity produced by the array over the next 20 years.

The school says the Lawrenceville Solar Farm was dedicated 4 May 2012., and adds that they also keep bees on the same land, plus what six megawatts means:

The Lawrenceville School Solar Farm consists of a nearly 30-acre, net metered, 6.1 megawatt solar facility, and honey-producing bee hives, which ring the perimeter of the array. The nearly 900,000 resident honey bees are nourished by a special wildflower mixture planted among and around the solar panels. The Farm offsets 6,388 metric tons of CO2 annually, the equivalent of taking 1,253 cars off the road annually.

The 24,934 solar panels generate six megawatts of energy, covering 90 percent of the School’s needs. During the day, the array can produce nearly twice the amount of energy needed by the School. The excess is imported to the local electrical utility, Public Service Electric & Gas (PSE&G) and credited to the School. The School will draw excess energy and all other required energy from PSE&G after sundown.

Here’s a PDF with more details.

The big picture is: you can do that in all but about four states. Georgia is one of those four states, Continue reading →

The solar train is leaving the station, but the nuclear buggywhip is in the way

The president of the Georgia Solar Energy Association Solar Energy Industries Association says the solar train is leaving the station nationwide, but Georgia remains enmeshed in tangled legislation. We could have changed that last year with SB 401 if Georgia Power and Southern Company’s vested interested in new nuclear plants at Plant Vogtle hadn’t gotten in the way. We can change it next year with a similar or better law. The time to contact your Georgia legislator or candidate is now, while election season is on.

Update 14 June 2012: Fixed Rhone Resch employment attribution.

Rhone Resch wrote for the Saporta Report, 3 June 2012, It’s time to put solar to work in Georgia

There are now more than 100,000 Americans employed at over 5,600 solar businesses in all 50 states. Many of these are small businesses that have been hit hard by the recession, but they are finding new opportunity for growth in the solar industry.

In Georgia, there are more than 80 companies in the solar value chain including Suniva, MAGE Solar, Inc. and Enfinity Corporation. I will be joining representatives of each of these fine companies — and many others — at the Southern Solar Summit on June 15 in the Georgia Tech Research Institute Conference Center in Midtown Atlanta to talk about the strides solar is making, and what remains to be done.

These companies are leading rapid innovation — across the entire value chain, from manufacturing improvements to new financing and sales mechanisms, that are allowing more and more Americans to go solar.

He points out that more solar was installed in 2011 than the total installed in 2008 and 2009, which shows that Moore’s Law continues to work for solar: the price per watt continues to go down, causing demand to go up. He projects forward:

The U.S. is on pace to install nearly 3,200 megawatts of new solar capacity this year with an annual growth rate of 30 percent through 2016.

At that rate, the United States would add more than 25,000 megawatts of new solar capacity between now and 2016. That is roughly the size of 25 coal-fired power plants and represents a significant opportunity for states that aggressively move to obtain a share of this exponentially growing market.

Hm, at Plant Vogtle the operating nuclear reactors produce about 2,430 megawatts and the two new ones under construction are supposed to produce about 2,200 megawatts. So that 25 gigawatts of new solar capacity by 2016 would be about 20 nuclear plants, a number that may be familiar from what Germany has already deployed. Somebody remind me again: why are we building any new nukes? How about if we end the nuke boondoggle and get on with clean green jobs for community and profit?

Rhone Resch says what Georgia can do:

Continue reading →

Videos of Shareholder Questions to Southern Company @ SO 2012-05-23

Slides and sound for Southern Company (SO) CEO Thomas A. Fanning’s main presentation at the 23 May 2012 SO shareholder meeting are available from SO on their website. SO doesn’t seem to have posted videos yet, although they had professional video equipment in use, and I was told just after the event that their videos would be on the web later that same day.

These items have already been blogged about this meeting:

I missed at least one questioner: Colleen Kiernan, Director of the Georgia Sierra Club. I plead unfamiliar cameras. Maybe soon SO will publish its own videos. SO was using a camera in front of the questioners, so you should be able to see them better.

Related blog posts:

Many more blog posts are in the nuclear category in the blog.

Here’s a video playlist for the 23 May 2012 SO shareholder meeting:

Videos of Shareholder Questions to Southern Company
Shareholder Meeting, Southern Company (SO),
Callaway Gardens, Pine Mountain, Georgia, 23 May 2012.
Video by John S. Quarterman for Lowndes Area Knowledge Exchange (LAKE).

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