Tag Archives: History

New nukes make no financial sense –financial expert to GA PSC

If new nukes make no sense because of natural gas prices, they make even less sense with continually-dropping solar power prices.

Ray Henry wrote for AP yesterday, Regulator: New nuke plant now wouldn’t make sense,

If Georgia was starting from scratch, it would not build a nuclear power plant….

An analyst working for state regulators, Philip Hayet, said in written testimony that the total costs of building two more nuclear reactors at Plant Vogtle (VOH’-gohl) is more expensive than the next-best option, constructing natural gas plants.

Still, Hayet said it is cheaper in most scenarios to finish the nuclear plant rather than halt the project and instead build natural gas plants.

But it’s not cheaper to finish a nuke than to halt it and get on with wind offshore and distributed solar power throughout Georgia.

GA PSC didn’t publish Hayet’s calculations, using the old excuse of “they involve proprietary financial information from Southern Co. subsidiary Georgia Power”. But Edison Electric Institute didn’t need any proprietary financial information to compute that Continue reading →

REZ-2013-09 Moody Housing, Val Del Rd @ LCC 2013-08-12

County Planner Jason Davenport said the proposed Moody Family Housing was “in the Nelson Hill neighborhood”, and there were at least 30 pages of updates, but the County Clerk wouldn’t show them to LAKE without an Open Records Request, which hadn’t yet been satisfied at the end of the day. Commissioners had some questions about acreage and traffic, some of which were answered by the ubiquitous Attorney Bill Holland, and others of which were not answered very well by County Engineer Mike Fletcher, at this morning’s Work Session of the Lowndes County Commission.

6.b. REZ-2013-09 Moody Housing, Val Del Rd R-1 to Residential PD, LC Water & Sewer, ~64 acres

Davenport said:

As of last Friday we did receive an updated site plan as well as some elevations from the applicants to let us know exactly what the houses would look like, what they’re anticipating. The site plan did have four changes and I’ll hand these out to you in just one minute. We added some notes about the uses. We wanted to make them show us where their proposed signage was and we wanted to make them clarify who would be maintaining the open space and the green space….

He passed those updates out, but the County Clerk refused to supply copies for LAKE without an Open Records Request. Gretchen filed an ORR, but if the county takes the statutory three days, we won’t get copies, nor will you, before the Commission votes tomorrow evening..

Here’s Part 1 of 2: Continue reading →

Dump CCA and other private prison stocks now –smart analysts

If business is so good, why did CCA lose two contracts for new prisons in Georgia last year when neither the state nor the feds had enough prisoners to fill them? And why was the private prison in Ocilla nearly sold at auction? Why this year was Gladiator School closed and two other CCA prisons cancelled? And all that was before U.S. DoJ announced today it will “avoid charging certain low-level and nonviolent drug offenders with crimes that carry mandatory minimums”.

Ed Arnold wrote for Memphis Business Journal 23 July 2013, Corrections Corp. of America debunks Anonymous report,

As reported on Monday, the computer hacking collective known as Anonymous Analytics published a blog warning investors that a declining prison population and reforms designed to reduce incarceration rates in the U.S. point to shrinking revenue for Corrections Corporation of America (NYSE: CXW) going forward.

CCA flatly denied the Anonymous Analytics conclusions in a statement.

CCA apparently didn’t dare link to the actual report. Anonymous Analytics wrote 9 July 2013, Corrections Corporation of America: The Dismantling of a National Disgrace, Continue reading →

Avoid charging low-level and nonviolent drug offenders –U.S. DoJ

It’s about time! The War on Drugs has failed, admits the U.S. Department of Justice, by saying it will “avoid charging certain low-level and nonviolent drug offenders with crimes that carry mandatory minimums”.

Ryan J. Reilly wrote for Huffpo today, Eric Holder Outlining New Justice Department Drug Sentencing Reforms,

The Justice Department will avoid charging certain low-level and nonviolent drug offenders with crimes that carry mandatory minimums, Attorney General Eric Holder will announce Monday. The policy shift will allow certain defendants — those without ties to large-scale organizations, gangs or cartels — to avoid what Holder called “draconian mandatory minimum sentences.”

Holder, in a speech before the American Bar Association in San Francisco on Monday, Continue reading →

Little guys must stick to the letter of the ULDC @ GLPC 2013-07-29

An individual with a request about family land got told by staff he didn’t fit the letter of the zoning code, in sharp contrast to the Moody Housing item which got to slide on traffic, safety, use of local contractors, and vague affirmations from the developer that maybe there’d be no mold or unpaid subcontractors this time. Walkout Most of the attendees didn’t care, and walked out as soon as this item started. But some of the Commissioners did care.

County Planner Jason Davenport said nobody is currently renting the property and “you have the recommendation from staff”.

Stubbs The applicant said the land had been deeded by grandmother to family members years ago, and one now wanted to sell his part. The TRC’s analysis said the request didn’t meet ULDC requirements and the TRC’s recommendation was laconic: Continue reading →

VDT links Plant Vogtle nuke cost overruns to Kemper Coal

Even the VDT has caught on to cost overruns for Kemper Coal and the new nukes at Plant Vogtle.

VDT posted an AP article 29 July 2013, Miss. deal may figure into Georgia nuclear plant, and Charlotte Observer posted it the day before, including Ray Henry as the author,

In Mississippi, the Southern Co. utility took financial losses when the cost of building a new power plant went over budget. In Georgia, another of the company’s projects is going over budget, but it has not yet taken a financial hit.

Southern Company subsidiary Mississippi Power promised utility regulators that it would charge its customers only for $2.4 billion in costs for building a coal-fired power plant in Kemper Country. Those customers will also have to pay off another $1 billion in bonds for the project, though the utility cannot make a profit off that borrowed money.

The utility’s deal in Mississippi has become a point of debate as Georgia regulators consider who should pay for the increased cost of building two more nuclear reactors at Plant Vogtle (VOH’-gohl), southeast of Augusta. Public Service Commissioner Tim Echols said he wants Southern Co. subsidiary Georgia Power to consider a Mississippi-style deal here, and Georgia regulators are carefully tracking financial developments in Mississippi.

Echols said he was interested in the idea of a project spending cap.

“I’m sure when they made that deal they didn’t think they were going to over the cap, but they did,” Echols said.

Oh, come now, they went 26 times over budget last time. Why would anyone believe Continue reading →

Nuclear an economic boon despite high costs –Tim Echols

Some of the “stuff” that happened before and after GA PSC Tim Echols cheered nuclear Friday.

GA Public Service Commissioner Tim Echols wrote in the Athens Banner-Herald Friday Echols: Nuclear power can be economic boon to Southeast,

Just when we thought nuclear power might be on a comeback, well, stuff happened. Only time will tell if Georgia and South Carolina can “jump-start” a nuclear renaissance. Let’s hope we can, because low-cost base-load energy — the amount of electricity available 24 hours a day — is a key to economic growth.

Stuff like this happened:

Community Assessment Group and Internet access @ LCC 2013-07-22

Valdosta Mayor Gayle was standing next to the video ghetto after the county’s rather rudimentary SPLOST VII presentation Monday morning, so I asked him why I hadn’t seen anything about Internet access either Valdosta’s or Lowndes County’s SPLOST lists? He said that was because it was being handled by the Community Assessment Group (CAG). What’s that?

Mayor Gayle said CAG is a group of representatives from the county and all the local cities, the two school districts (Valdosta and Lowndes County), VSU, Wiregrass Tech, the Industrial Authority, the Chamber, and he may have said others. It’s an attempt at better local cooperation, specifically about issues that cross all the various local governmental and non-governmental groups. So far they’ve had two meetings, Continue reading →

Valdosta and Army Corps of Engineers in Flood Risk Management Study

First public update since May: Valdosta has had several recent meetings with other governmental groups and has agreed to co-fund a flooding study by the U.S. Army Corps of Engineers.

WCTV has also picked up Valdosta PR 23 July 2013, City Enters Agreement with USACE for Flood Risk Management Study,

The City of Valdosta hosted a Regional Flood Preparedness meeting with the Georgia Silver Jackets on June 25—a continuation of discussions that began earlier in the year focused on regional interests and on maximizing area resources.

Representatives from the cities of Moultrie, Sylvester, Tifton and Valdosta and from the counties of Lowndes and Turner attended the meeting to discuss current and future flood monitoring and forecasting issues throughout the Little River and Withlacoochee River watersheds. These two watersheds are part of the overall Suwannee Basin that is approximately 10,000 square miles in Georgia and Florida.

Among other information shared, Continue reading →