SO CEO Tom Fanning used Julia O’Neal’s question about cost overruns to tout the alleged benefits of Kemper Coal, which include selling CO2 to oil companies to pump into the ground to produce more oil. He didn’t mention that oil is then burned to produce more CO2. And that Mississippi lignite coal he said would otherwise stay in the ground? Yes it and its CO2 would stay there if SO would get on with solar instead of coal.
Before her question, he had not said much about that project, mostly this about Major Projects, at 29 minutes and 28 seconds in SO’s own video of the 22 May 2013 Southern Company Stockholder meeting. You’ll have to skip there manually, because of the SO’s video format. SO prohibited “unauthorized” videoing, so we don’t have the usual LAKE video on YouTube.
I always call out Vogtle and Kemper County. Both projects are going to serve our customers for decades to come. We’ve had some challenges with Kemper. We’ll probably talk about those later. But when I think about the value that these projects will bring, I think our customers, and the economy of the southeast, will be benefited for decades. And we’re very excited about the progress we’re making on both of those.
It’s curious he mentioned SO’s flagship coal and nuclear projects without saying coal or nuclear. And if by “progress” he means Continue reading