Tag Archives: Southern Company

Bubba McDonald’s solar evangelism

I’ve thanked Bubba McDonald for being serious about solar. However, 500 MW by Georgia Power in several years is nowhere near enough, when New Jersey has 1,000 MW already installed. What we need in south Georgia is distributed solar power for local jobs and direct reduction of electricity bills. Making a solar monopoly as in HB 657 wouldn’t solve that problem; it would actually hinder a real distributed solution. Instead we need to reform that antique 1973 Territorial Electric Service Act to enable financing for distributed solar.

Jim Galloway wrote for the AJC yesterday, GOP revolutionaries push Georgia Power to embrace solar energy,

Lauren “Bubba” McDonald Jr. has spent more than four decades in and around the state Capitol. That fact alone should automatically disqualify him as a rabid revolutionary.

And yet here he is, attempting to force real, radical change upon one of this state’s most staid and revered institutions. McDonald is the leader of a new and very Republican effort to require that Georgia Power give solar energy a chance.

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Solar park in Ontario –GDF Suez

If a French energy utility can put a 10 megawatt solar park in Ontario, more than a thousand miles north of here, why is Southern Company still locating all its new solar installations in western states and none in Georgia? GDF Suez is starting the new Suez Canal of solar energy. What are Southern Company and Georgia Power doing?

Enerzine.com posted today, GDF Suez met en service son premier parc solaire au Canada, GDF Suez commissioned its first solar park in Canada,

A consortium of GDF Suez Canada, Japan’s Mitsui, and Fiera Axium Infrastructure Tuesday announced the commissioning of a solar photovoltaic farm in Brockville, Ontario, with an installed capacity of 10 MW.

The solar park is comprised of 42,000 solar panels spread over an area of over 32 hectares [79 acres], enough to generate electricity for about 1,700 homes.

The proposed $50 million project benefited from the Feed-in Tarriff (FIT) program. The electricity produced will be sold to the local company in charge of Energy, Ontario Power Authority, for a period of 20 years.

“With Brockville, we diversify our technology base and enter a new and exciting field. We are proud to provide another form of clean, renewable energy to the province and we hope this will be the first of a list of many solar projects,” said Mike Crawley President of GDF Suez Canada.

The project located in Brockville, Leeds County is the first solar power plant operated by the joint venture in Canada. The consortium currently operates in Canada 362 MW of wind power. Other wind projects with a total capacity (300 MW) is under construction in Ontario and British Columbia.

Translation mostly by google translate with a few touches by me.

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Groundwater wall at Fukushima

Same design as Plant Hatch, which is leaking radioactive tritium into our groundwater. And when contamination gets into the watershed it doesn’t go away; there’s not even an ocean at Hatch or Vogtle for it to disperse into.

Tsuyoshi Inajima and Yuji Okada wrote for Bloomberg News today, Japan Orders Tepco to Build Underground Wall at Fukushima Plant

The Japanese government ordered Tokyo Electric Power Co. to build an underground wall at the crippled Fukushima nuclear plant to prevent groundwater from flowing into basements of reactor buildings.

The government plans to set up a task force with Tokyo Electric, construction companies and plant makers by the end of June to discuss the details, Minister of Economy, Trade and Industry Toshimitsu Motegi said today in Tokyo. He made the remarks at a meeting with Naomi Hirose, the utility’s president, which was open to reporters.

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Privatize TVA? Southern Company would like that

The hydropower assets of the Tennessee Valley Authority would give Southern Company a way to avoid doing distributed solar for a while. Will SO CEO Tom Fanning and Georgia Power CEO Paul Bowers bit the bullet and go straight for distributed solar instead of helping Duke privatize TVA for a short-term stopgap that would set both of them farther behind the disruptive solar curve?

SolarCity and Southern Company stock
Blue line: SCTY; red line: SO, chart by Google Finance.
May 16th: Goldman Sachs invested $500 million in SCTY.
May 22nd: SO stockholder meeting.
May 24th: S&P downgrades SO.

Wes Patoka wrote for Motley Fool 24 May 2013, Who Benefits the Most if the TVA Is Privatized,

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SolarCity disrupting utilities in Massachusetts; how about Georgia?

Why is great big Southern Company afraid of tiny SolarCity? Look at these 2.6KW of solar panels on a house in Bedford, Massachusetts. Think about much more sun in Georgia, financed by Google and Goldman Sachs, turning into votes for solar power. Big coal and nuclear boondoggles already don’t look so attractive anymore to investors.

By Giles Parkinson wrote for Reneweconomy on 9 October 2012, SolarCity’s big challenge: Prove that energy bills can fall,

A 2.6kW SolarCity installation in Bedford, Massachusetts SolarCity sees the traditional utilities as their biggest competition. “We compete with them on price, predictability of price and the ease by which customers can switch to electricity generated by solar systems,” it says.

“We have disrupted the industry status quo by providing renewable energy directly to customers for less than they are currently paying for utility-generated energy. Unlike utilities, we sell energy with a predictable cost structure that does not rely on limited fossil fuels and is insulated from rising retail electricity prices. As retail prices for electricity increase and distributed solar energy costs decline, our market opportunity will grow exponentially.”

Bloomberg New Energy Finance analyst Anthony Kim said the SolarCity filing could be a “game-changing moment for the solar industry” because it shows “how plummeting component costs benefit a company operating on the downstream side of the solar business.”

That article was posted before SolarCity’s stock went public, and before Goldman Sachs invested half a billion dollars in SolarCity. Six months later, we know Southern Company and Georgia Power are paying attention, because both SO CEO Tom Fanning and Georgia Power CEO Paul Bowers said so at the Southern Company stockholder meeting.

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Kemper Coal Crashes Southern Company Rating and Stock Price

Standard & Poor’s lowered Southern Company’s rating from stable to negative because of the risks of Kemper Coal in Mississippi, and SO’s stock price plummetted. This was immediately after activists grilled SO on that and other topics at the SO stockholder meeting. Wait ’till S&P catches on to the risks of SO’s 19-months-late and $1 billion-over-budget nukes at Plant Vogtle in Georgia! Or SO’s non-action so far on the challenge of distributed solar.

Kristin Jones wrote for WSJ 24 May 2013, S&P Lowers Outlook on Southern Co., Noting Project Risks,

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Video of Southern Company shareholders meeting @ SO 2013-05-22

Here’s Southern Company’s own video of the 22 May 2013 shareholders meeting. More detail will follow on the record number of questions, and CEO Tom Fanning’s answers, in addition to this one already posted.

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Owners want out of uranium enrichment company

Maybe Southern Company and Georgia Power should listen to Urenco’s owners: the nuclear industry is flatlining after Fukushima.

Stanley Reed wrote for Dealbook.Nytimes.com 27 May 2013, Powerhouse of the Uranium Enrichment Industry Seeks an Exit,

The company that operates this uranium enrichment center, Urenco, is the world leader in the field. It is also plumply profitable. So why are its owners eager to sell it?

The answer, as with many things involving nuclear power, is a combination of economics, geopolitics and the Promethean prospect of an energy source that is as potentially green and abundant as deadly dangerous….

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Kemper Coal: SO’s bitter pill @ SO 2013-05-22

“Corporate responsiblity,” answered Southern Company CEO Thomas A. Fanning to questions about Kemper Coal from Linda St. Martin of Mississippians For Affordable Energy. I don’t think that word means what he thinks it means.

Ray Henry wrote for AP yesterday, Southern Co. CEO defends Miss. power project,

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Sierra Club goes to Southern Company stockholder meeting

“Almost like a Berkshire-Hathaway meeting,” remarked SO CEO Tom Fanning after Sierra Club (and other) activists asked questions at the Southern Company stockholder meeting at Callaway Gardens yesterday, as promised by the numerous news stories the previous day after the press conference organized by Georgia Sierra Club Director Colleen Kiernan. As usual Fanning turned in a Class A CEO performance, although he seemed bemused by the diversity and sometimes very positive slant of the questions, which nonetheless brought up numerous problems with SO’s coal and nuclear agenda, lackluster renewable energy agenda, and the impending disruption of distributed solar power.

New rule this year: no unauthorized video or flash photography, posted on big signs outside the conference room door. SO CEO Tom Fanning I asked Georgia Power CEO Paul Bowers to authorize me, but he said it was a shareholder meeting and thus a different level. The person in charge of SO’s own videoing promised they’d be available on the web soon after the meeting. I told him I’d been checking since last year’s meeting, and those still weren’t on the web. He said they had been briefly; then they were taken down. But he would make them available. We’ll see…. Meanwhile, you only get this one picture of Tom Fanning (he insists everyone call him Tom) as he compared SO’s stock price to the only more stable company: Hormel. That’s right, SO is almost as stable as Spam. He looked at me rather pointedly as he announced that new rule. And rather wryly later when I pointed out that according to Edison Electric Institute SO’s business model was due for disruption very soon. More on that later, along with other reports on Wednesday’s meeting.

Walter C. Jones wrote for Morris News Service 21 May 2013, Southern Co. expects to face environmental challenges,

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