Tag Archives: Thomas A. Fanning

Solar feed-in tariff in Georgia?

To make up for lost time in getting Georgia in the lead in solar power for jobs, energy independence, and profit, how about we elect legislators who will implement a feed-in tariff? If we can afford massive subsidies to Georgia Power and Southern Company for electricity nobody will get for years from their nuke boondoggle, we can afford a feed-in tariff that costs nobody until solar (and wind) power is actually generated.

According to last month’s Global Trends in Renewable Energy Investment 2012,

Support for renewable power generation remains the most popular policy option with at least 65 countries and 27 states now having feed-in-tariffs (FITs).

Fred wrote for ReVision Energy 10 August 2010, NREL: Feed in Tariffs Drive Competition, Costs Down for Renewables, While Increasing Growth,

“The arguments in favor of a FIT policy are primarily economic in nature. These include the ability to … stimulate significant and quantifiable growth of local industry and job creation … [and] only cost money if projects actually operate”

Get that last part? “…only cost money if projects actually operate” unlike Southern Company’s Plant Vogtle nuke boondoggle, which is costing Georgia Power customers right now on their bills, even though they won’t get any electricity from those nukes for years, if ever, plus they’re on the hook for cost overruns, too, already $400 million and climbing.

Look at that map: the big blank space in the southeast is mostly Southern Company’s “Competitive Generation Opportunities”, minus Florida. Translation: where Southern Company holds us back from leading the world in solar energy.

Dear Thomas A. Fanning, CEO of Southern Company, and Paul Bowers, CEO of Georgia Power: how about turn that ship around and get in the lead of the convoy?

Well, they may not listen, but we the voters have an opportunity right now to elect Georgia legislators and Public Service Commissioners who will put a lid on the power utility smoke and let the sun shine on Georgia!

-jsq

Elect Georgia legislators and Public Service Commissioners who will let the sun shine on Georgia!

Solar PV prices have dropped so much they’re competitive with coal, natural gas, and nuclear. The only thing that stops Georgia from leading the country and the world in solar energy is our legislature and Public Service Commission kow-towing to the electric companies instead of serving the public. How about we elect Georgia legislators and PSC members who will change that?

How about if we elect legislators who will stop approving nuclear boondoggles for Southern Company through a stealth tax on Georgia Power customers? How about we elect Georgia Public Service Commissioners who will stop giving Georgia Power a guaranteed profit through charging cost overruns (already $400 million) for the Plant Vogtle boondoggle to Georgia Power customers?

How about instead we fully fund the existing 35% state tax rebate for renewable energy? Last year Georgia legislators did double the money in that fund, but it’s still only $5 million a year and the funding for 2012 has already been used up. $5 million a year for power after it’s installed, while Georgia Power and Southern Company have already run $400 million over budget on nuclear energy that nobody will see for years, if ever! We need Georgia legislators who understand that Moore’s Law for solar means fast growth; growth in jobs, energy independence, and profit for Georgians.

To bring Georgia to the lead in renewable energy in this country and the world, all we really need to do is to pass something like SB 401 to modify that arrogant dinosaur of a 1973 Georgia Territoriality Electric Service Act that prevents you from getting financing to install solar generation and selling it through the grid at a profit, with the electric utility taking a cut and bragging rights.

It is time to let the south Georgia sun break through the clouds of power utility disinformation and regulatory capture. It is time for us to elect Georgia legislators and Georgia Public Service Commissioners who will let the sun shine on us in Georgia!

-jsq

Solar PV costs dropped 50% last year: time for south Georgia to lead in solar power

Solar energy continues to grow by leaps and bounds worldwide. Except in Georgia. Maybe we should change that. There’s an election going on right now.

Frank Jordans wrote for AP 11 June 2012, $257 billion invested in renewable energy in 2011,

Global investment in renewable energy reached a record of $257 billion last year, with solar attracting more than half the total spending, according to a U.N. report released Monday.

Investment in solar energy surged to $147 billion in 2011, a year-on-year increase of 52 percent thanks to strong demand for rooftop photovoltaic installations in Germany, Italy, China and Britain.

Large-scale solar thermal installations in Spain and the United States also contributed to growth during a fiercely competitive year for the solar industry. Several large American and German manufacturers fell victim to price pressure from Chinese rivals that helped to halve the cost of photovoltaic modules in 2011.

Lower solar PV module price should mean more people can afford to install solar electricity, which should mean more jobs for people to install it. How much lower? According to the report:

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4 of 5 incumbent GA PSC Commissioners accept massive utility campaign contributions

Could contributions produce influence? Neither of the incumbent Public Service Commissioners showed up for last night’s GPB debate, just as they didn’t show up for the previous weekend’s GIPL debate. Saturday the AJC examined the incumbents’ campaign finance and regulatory records, and let’s look a bit into how they’ve acted as regulators towards their biggest indirect contributors: Georgia Power.

Kristi E. Swartz wrote for the Augusta Chronicle or AP 21 July 2012, Donors to Georgia Public Service Commission members vested in decisions,

Four of Georgia’s utility regulators have accepted at least 70 percent of their campaign contributions from companies and people that could profit from the agency’s decisions, a review of five years of campaign finance records by The Atlanta Journal-Constitution revealed.

The fifth member of the state Public Service Commission, Tim Echols, campaigned on the promise that he wouldn’t take money from employees or lobbyists for businesses regulated by the agency.

Even so, nearly one in five dollars in Echols’ contributions came from people or companies whose business is affected by PSC decisions, the review found.

Together, the PSC commissioners took in nearly $750,000 in the last five years, records show. Two of them — Stan Wise and Chuck Eaton — are seeking re-election this year to their $116,452-a-year posts.

Wise and Eaton would be the two incumbents who can’t be bothered to show up for debates. Doesn’t make them look very responsive to the people, does it? Who do they respond to, then?

A review of major decisions that have come before the PSC in the past five years shows utilities have received much — but not all — of what they have asked for.

Georgia Power donors

In the past five years, for example, Georgia Power’s rates have risen 24 percent, although they dipped in June. The PSC must sign off on the company’s rate changes.

Current and former employees of Georgia Power, its parent Southern Co. and its law firm, Troutman Sanders, poured $52,650 into the campaign coffers of four of the sitting PSC members.

A Georgia Power spokeswoman argued that including Troutman Sanders and other company vendors in an analysis of spending “is false.” But critics say including them is critical to capturing the full influence of the utilities on the PSC.

Influence like this? Melissa Stiers wrote for GPB News 19 July 2011, PSC Nixes Vogtle Cost Check,

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Will electricity demand increase?

Back in April Southern Company CEO Thomas A. Fanning gave yet another version of his stump speech that we saw at the shareholders’ meeting in May and that he’s video blogging on YouTube now. In April he emphasized a huge assumption with no evidence; an assumption that may just not be true.

National Energy Policy – Part 5 of 7 (30 April 2012)

This much we know: demand for electricity will increase. The Energy Information Administration projects an 18% increase in electricity demand nationally and in the southeast, we’re as expecting as much as a 25% increase over the next 20 years. So we know the need is real, immediate, and critical.

Really? Here’s recent electricity use and nearterm forcast by the U.S. Energy Information Administration:

Sure looks to me like there was a big dip in 2009, and projected use in 2013 is no higher than in 2007. What was that about “immediate”?

Now you may say, of course, that’s a recession. But what about this?

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Why Energy Matters to You —Thomas A. Fanning

Since our coverage of the Southern Company (SO) shareholders meeting in May, SO CEO Thomas A. Fanning has started his own YouTube video series, “Why Energy Matters to You”, in which he tries to head off a real energy policy by advocating SO’s nuclear and coal strategy instead.

SO PR 28 June 2012, Southern Company Chairman Launches CEO Social Media Video Series,

Southern Company SO today unveiled the first in a series of CEO Web videos examining issues critical to the electric utility industry. The video series, “Why Energy Matters to You,” is available on YouTube and features Southern Company Chairman, President and CEO Thomas A. Fanning. Fanning announced the Web series during an appearance at the 2012 Aspen Ideas Festival in Aspen, Colo.

Here are his two episodes so far. His theme:

“I believe that every American deserves a supply of clean, safe, reliable, and affordable energy.”

Who could argue with that? It’s just SO’s ideas of how to do it that provoke some argument.

Here’s Part 1 of 2:

Why Energy Matters to You —Thomas A. Fanning Part 1 of 2

His question:

“How can better energy create more economic freedom for the American people?”

His answer is in Part 2 of 2:

Continue reading →

Dear Southern Company: Green Energy Now! –Protesters

At yesterday’s Big Bets movie premiere, Southern Company doubled down and dug deeper in the hole.

Joeff Davis wrote for Fresh Loaf yesterday, Protesters picket utility’s Midtown film premiere, blast construction of new nuclear reactors

On the same day that tens of thousands of protesters rallied in Tokyo against the restart of Japan’s nuclear reactors, roughly 30 protesters chanted, marched, and handed out flyers today in Midtown to protest against Georgia Power’s construction of two new nuclear reactors in eastern Georgia. The two units, which are located about 175 miles from downtown Atlanta, are the first to be built in the United States in nearly three decades.

“Georgia Power is using our money to pay for something we don’t need, we don’t want and is killing us,” said Margie Resse as she handed out flyers outside the Fox Theatre. Southern Company, Georgia Power’s parent company, had reserved the historic Midtown venue to screen a documentary that it commissioned about the utility’s 100-year history for shareholders and executives.

The flyers claimed that Southern Company used “its notorious lobbying machine to

push a $2 billion rate hike” onto Georgia ratepayers to build “two risky nuclear reactors on the Savannah River,” which the groups say are months behind schedule and $900 million overbudget. The flyer urges ratepayers to refuse to pay a fee tacked on to utility bills that helps pay for the reactors’ construction.

Southern Company Spokesman Steve Higginbottom, standing just inside the Fox Theatre’s entrance and speaking barely above the protesters’ chants, said that Southern Company supports the rights of protesters but disputes their claims.

The “$900 million” figure cited by protesters, he said, has been alleged by Westinghouse, the manufacturer of the reactor, and Shaw, the project’s general contractor.

Um, Southern Company’s response is to talk about infighting among the consortium building the new nukes? SO could be digging themselves a hole deeper than the one the reactors sit in….

I do compliment Higginbottom and Southern Company on being consistently civil, however.

-jsq

Southern Company movie Big Bets at the Fox in Atlanta this afternoon

If you happen to be in Atlanta, there's a movie premiere this afternoon! Southern Company has made a movie out of its corporate biography, Big Bets, and is showing it today.

1:30 PM 16 July 2012
The Fox Theatre Atlanta
660 Peachtree Street NE
Atlanta, Georgia 30308

Oh, sorry, SO didn't send you a ticket? Well, I hear there will be people standing outside with signs starting around 1:30 PM. Maybe you'd like to join them. And if you're not in Atlanta, maybe you'd like to do something where you are.

Here's a preview of the movie, starring FDR: as the villain!

This appears to be the entire book online as a PDF. It starts in on FDR on page 100:

FDR had become known in utility circles as a “dangerous man” for advocating state ownership of power projects and denouncing the “sins of wildcat public-utility operators” and the “Insull monstrosity” with insinuations that all utilities were guilty of betraying the public's trust. He also proclaimed the rights of any community unhappy with its service to take over private utility operations and develop their own power sites—a “birch rod in the cupboard” to be used when good service was not provided by private companies.

Imagine that, generating your own community power! Imagine it, but you can't do it. Southern Company and Georgia Power fixed that in the 1973 Georgia Territorial Electric Service Act.

What you won't see in the movie or read about in the book, Big Bets, is much about the bet-the-farm risk of nuclear power (bond-rater Moody's phrase), or how much water nuclear uses, or the profit opportunity of renewable energy such as solar and wind power. You can see some shareholders ask SO CEO Thomas A. Fanning about some of those things in these videos from the shareholder meeting back in May. If you run into him at the movie premiere, maybe you can check in with him on whether any of his answers have evolved, for example, does he still think SO won't get to solar or wind power this decade? Or maybe you’d like to ask Southern Company some questions online.

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Southern Co. nuclear cost overruns expected? Let’s build solar and wind on time and on budget!

So if Southern Company expected cost overruns at Plant Vogtle, why didn’t they make a better estimate in the first place? What incentive do they have not to continue running up the cost and delaying completion, since they get to keep charging Georgia Power customers for construction, including for cost overruns, while floating $8.3 billion in federally guaranteed loans? Where is the financial integrity in all that?

AP reported yesterday, and even Fox News carried it, Building costs increase at US nuclear sites. They’re not talking about housing prices near the sites, either.

America’s first new nuclear plants in more than a decade are costing billions more to build and sometimes taking longer to deliver than planned, problems that could chill the industry’s hopes for a jumpstart to the nation’s new nuclear age.

Licensing delay charges, soaring construction expenses and installation glitches as mundane as misshapen metal bars have driven up the costs of three plants in Georgia, Tennessee and South Carolina, from hundreds of millions to as much as $2 billion, according to an Associated Press analysis of public records and regulatory filings.

Those problems, along with jangled nerves from last year’s meltdown in Japan and the lure of cheap natural gas, could discourage utilities from sinking cash into new reactors, experts said. The building slowdown would be another blow to the so-called nuclear renaissance, a drive over the past decade to build 30 new reactors to meet the country’s growing power needs. Industry watchers now say that only a handful will be built this decade.

“People are looking at these things very carefully,” said Richard Lester, head of the department of nuclear science and engineering at the Massachusetts Institute of Technology. Inexpensive gas alone, he said, “is casting a pretty long shadow over the prospects” for construction of new nuclear plants.

AP continues with a list of late and over-budget nuke projects, including Southern Company’s Plant Vogtle $800 million over and seven months late, TVA’s Watts Bar plant $2 billion over and 3 years late, Duke’s Plant Summer SCANA and Santee Cooper’s Summer Station $670 million over and a year late.

Southern Co. and others in the nuclear business say cost overruns are expected in projects this complex…

So why are they wasting our money on nukes when they could be deploying a lot more solar and wind on time and on budget?

…and that they are balanced out by other savings over the life of the plant. Southern Co. expects Plant Vogtle will cost $2 billion less to operate over its 60-year lifetime than initially projected because of anticipated tax breaks and historically low interest rates.

Get that? “anticipated tax breaks” that leave we the taxpayers Continue reading →

Southern Company deploying solar in Nevada and New Mexico (but not Georgia)

Southern Company (SO) is deploying solar power in two southwestern states. Meanwhile, in Georgia, the 1973 Territoriality Act continues to impede others deploying solar while SO and Georgia Power waste our money on a nuclear boondoggle.

PR from Southern Company and Turner Renewable Energy, 29 June 2012, Southern Company and Ted Turner Acquire Second Solar Photovoltaic Power Project

Southern Company (NYSE: SO) Chairman, President and CEO Thomas A. Fanning and Turner Renewable Energy founder Ted Turner today announced that the companies have acquired and will bring on line a 20 megawatt solar photovoltaic power plant in Nevada.

The Nevada plant is the Apex Solar Project, and earlier they did the Cimarron Solar Facility in New Mexico.

“Southern Company is proud to play a leadership role in renewable generation as we deliver clean, safe, reliable and affordable energy to our customers,” said Fanning. “Our all-arrows-in-the-quiver approach calls for 21st century coal, nuclear, natural gas, renewables and energy efficiency in a diverse fuel mix necessary to meeting growing consumer demand and furthering America’s energy independence.”

Maybe it’s just an oversight that SO CEO Fanning listed coal first Continue reading →