Tag Archives: Southern Company

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 →

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).

-jsq

Last Year’s Southern Company Stockholders Meeting —Steve Willis @ SO 2011-05-25

Received Thursday about last year’s Southern Company (SO) 2011 Annual Meeting of Stockholders. -jsq

Questions for Southern Company:

  1. Virtually all empirical evidence for decades indicates that climate disruption, related ocean acidification, sea rise and global warming are not only happening, but consistently occurring at the highest range of modeled projections. Events which were projected within 100 years twenty years ago, and within 50 years 10 years ago, are happening now. Instead of fighting a delaying, rear-guard action against big, dynamic change in energy production, wouldn’t it be better for our company to set the standard for transformation? It seems we have the most to lose, and, therefore, the most to gain.
  2. Unless there is some unexpected reversal in the climate change trends which have been occurring for decades, it seems inevitable that National Renewable Energy Portfolio Standards (RPS) will be legislated well before the end of this decade. Moody’s cited this likelihood in their recent credit downgrade of Southern Company. Since it seems highly unlikely that biomass and nuclear will be considered renewable energy sources under a RPS, where will Southern Company acquire mandated renewable energy — perhaps 20% or more of the total mix by 2020? And will the PSC allow us to load our full profits to rates for this energy on top of the big profits to the probable merchant suppliers, such as West Texas Wind?
  3. I have heard reports that Santee Cooper in South Carolina and

    This one has happened. -jsq
    Duke Energy in North Carolina are exploring the possibility of a joint venture to develop off-shore wind. Wouldn’t it be advantageous to ally with them in a joint venture? The Carolinas have a very long coast and very good wind resources, and a combined effort could reduce risk for all of us and significantly increase our combined political leverage. If we do not create some credible Georgia renewable energy resource, isn’t it possible that we will be forced to buy wind power from the Carolinas at an exorbitant rate within the next decade?
  4. Between the likelihood of carbon pricing and a National Renewable Energy Standard, it seems almost certain that Southern Company’s extreme reliance on coal fired power generation will be significantly reduced, voluntarily or by fiat, this decade. Nuclear seems more unlikely and expensive a salvation than ever. Isn’t it time we changed course and embraced proven and rapidly improving solar and wind technology before we are forced into them by National mandate?
  5. According to the information on your climate change Web site, Southern Company supports the target of an 80% reduction in carbon emissions by 2050. Can you tell us the approximate mix of nuclear, renewables, and efficiency that you envision to reach that goal?
-Steve Willis

Fukushima destroying nuclear-owning electric power utilities

The world’s worst nuclear disaster at Fukushima in Japan has had economic effects on nuclear-owning power utilities. What will happen to the Southern Company as Georgia Power customers and U.S. taxpayers get tired of paying for cost overruns which are already almost a billion dollars?

Erik Kirschbaum wrote for Reuters 26 May 2012, Germany sets new solar power record, institute says,

The German government decided to abandon nuclear power after the Fukushima nuclear disaster last year, closing eight plants immediately and shutting down the remaining nine by 2022.

And closing those nuclear plants caused German electric utility E.ON to lay off up to 11,000 staff, to take its first quarterly loss in a decade, and to cut its shareholder dividend. According to Forbes, E.ON in 2006 was the biggest electric utility in the world (and TEPCO, owner of the Fukushima nuclear plants, was number 6). In March 2012, E.ON was number 22. (TEPCO dropped from number 6 to number 45.) Southern Company (SO) jumped from number 16 in 2006 to number 6 this year, quite possibly because E.ON and TEPCO and others dropped so rapidly.

Hm, I wonder what Southern Company’s nukes, already almost $1 billion over budget, will do to SO’s ranking in Forbes’ list of top utilities? Maybe there’s a reason Moody’s called nuclear “a bet-the-farm risk”. What will SO do when this big nuclear bet goes bad? And how big a bill do Georgia Power customers and we the taxpayers want to let SO run up that we’ll get stuck with?

-jsq

Plant Vogtle is why Georgia is not a leader in solar power today

Could Georgia approach that German 20 gigawatt solar power figure? We’d already be there if we weren’t building Plant Vogtle.

Remember, John Hanger figures:

The Vogtle $913 million cost overrun by itself could have paid for approximately 1,000 megawatts of natural gas generation; 450 megawatts of wind power; and 330 megawatts of solar power.

That’s not 20 gigawatts. But the population of Germany is about 81 million, while the population of Georgia is about 9.8 million people, so the Georgia equivalent of 20 gigawatts would be about 2.4 gigawatts. The federal government has guaranteed about $8.3 billion in loans related to Plant Vogtle. That $8.3 billion would pay for about 3 gigawatts of solar power.

That big dish at Plant Vogtle? That’s not just a nuclear containment vessel, it’s a solar prevention wall. Preventing jobs, energy independence, and profit through solar power in Georgia.

Plant Vogtle is why Georgia is not a leader in solar power today.

-jsq

Germany solar equal to 20 nuclear plants

What's 20 times more powerful than a nuclear plant and didn't already run a billion dollars over budget? German solar plants!

Erik Kirschbaum wrote for Reuters 26 May 2012, Germany sets new solar power record, institute says,

German solar power plants produced a world record 22 gigawatts of electricity per hour—equal to 20 nuclear power stations at full capacity—through the midday hours on Friday and Saturday, the head of a renewable energy think tank said….

Norbert Allnoch, director of the Institute of the Renewable Energy Industry (IWR) in Muenster, said the 22 gigawatts of solar power per hour fed into the national grid on Saturday met nearly 50 percent of the nation's midday electricity needs….

The record-breaking amount of solar power shows one of the world's leading industrial nations was able to meet a third of its electricity needs on a work day, Friday, and nearly half on Saturday when factories and offices were closed.

Berlin is at more than 52 degrees north latitude. Even southern German city Munich is at 48 degrees north. That's a thousand miles north of where we sit here in south Georgia at 31 degrees north.

Germany has sun like Alaska, while Georgia has sun like the south of Spain.

"Never before anywhere has a country produced as much photovoltaic electricity," Allnoch told Reuters. "Germany came close to the 20 gigawatt (GW) mark a few times in recent weeks. But this was the first time we made it over."

Maybe it's time for the Southern Company and Georgia Power to get out of the way and let the Georgia legislature change the Georgia Territorial Electric Service Act of 1973 so we can get on with solar power in Georgia. How about if Southern Company and Georgia Power also stop pouring money into the leaking nuclear bucket and buy solar power instead.

-jsq

ALEC loses 8 more, including Wal-Mart

Even Wal-Mart ditches ALEC! What about the Southern Company?

ALEC Exposed is keeping a list of Corporations Which Have Cut Ties to ALEC, and since the ten we last counted, eight more have jumped the sinking lobbying ship: Blue Cross Blue Shield, YUM! Brands, Procter & Gamble, Kaplan, Scantron, Amazon, Medtronic, and Wal-Mart. That’s right, even Wal-Mart. Jason Easley wrote for Politicus USA yesterday, Wal-Mart Dumps ALEC and Outs Them as Un-American,

In a statement, Wal-Mart representative Maggie Sans wrote, “Previously, we expressed our concerns about ALEC’s decision to weigh in on issues that stray from its core mission ‘to advance the Jeffersonian principles of free markets…We feel that the divide between these activities and our purpose as a business has become too wide. To that end, we are suspending our membership in ALEC.”

Wal-Mart claimed that ALEC was no longer as interested in Jeffersonian free market principles as they were other partisan political issues. Two of those unnamed political issues are most certainly voter ID and stand your ground laws.

When even Wal-Mart complains that ALEC isn’t “free market” enough, Wal-Mart, which Continue reading →

Coal ash and political spending transparency shareholder resolutions defeated @ SO 2012-05-23

Defeated, but with increased shareholder support this year, two shareholder transparency resolutions have been introduced year after year at Southern Company (SO), one on coal ash and the other on political spending. Here’s video of the political spending resolution being presented at the meeting, and here’s the text of the resolution. This year as usual the SO board opposed both resolutions, and as you can hear SO CEO Thomas A. Fanning announce in this video, both were voted down, with these percentages:

The reasons the board gave for opposing the political spending transparency resolution include that SO claims it is already disclosing everything it needs to. Much of that disclosure started in 2006 due to shareholder and outside pressure to do so. Center for Political Accountability press release 5 April 2006,

McDonald’s (NYSE: MCD) and Southern Co. (NYSE:SO) agreed to disclose and have their directors oversee soft money political contributions made with corporate funds, shareholder activists announced today. The groups, Washington-based Center for Political Accountability (CPA), socially responsible investment firm Trillium Asset Management Corp., and the Central Laborers’ Pension Fund, are part of a nationwide campaign to bring transparency and accountability to company political spending.

In its own 2012 statement of opposition, the SO board noted shareholder pressure is having an effect on transparency:

Continue reading →