Tag Archives: Thomas Fanning

Southern Company CEO got 62% raise in 2011

What did Southern Company (SO) do to justify a 62% raise for its CEO last year? Could it be lots of special financing for the proposed new nukes at Plant Vogtle on the Savannah River?

Bill Murphy wrote for citybizlist Atlanta 16 April 2012, The Southern Company CEO Thomas Fanning Got 62% Raise in 2011 – cbl

The Southern Company (NYSE: SO) Chairman, President and CEO Thomas Fanning got a 62 percent jump to $9.75 million last year, according to an SEC filing. He got $6.02 million in 2010.

Fanning, who has led the Atlanta-based energy company since December 2010, received a base annual salary of $1.06 million, shares worth $2.25 million, stock options worth $1.50 million, $2.46 million in non-equity incentive and $2.42 million representing a change in pension value and nonqualified deferred compensation.

-jsq

Calculate how much Vogtle is costing you —Mandy Hancock

Received yesterday, related to Georgia Power forges ahead with expensive nukes. -jsq
For those of you concerned about nuclear energy, here are some quick, meaningful actions you can take today. Maybe you aren’t concerned about nuclear energy. I bet you ARE concerned about $$$$.

Learn more about how Georgia Power is getting your money at the state and federal level. All US taxpayers all over the US are basically cosigning a loan for $8.3 B for the Vogtle reactors. Simultaneously, Georgia Power is raising your electric rates to fund the pre-construction costs by pulling the same advanced cost recovery scheme as SC and FL. You can learn more about the controversy surrounding the loan guarantees here

Calculate how much Vogtle is costing you on your monthly bill

(Look for “Nuclear Construction Cost Recovery Rider:”)

-Mandy Hancock

He is in the business of selling energy, not saving it. —Michael G. Noll

Received yesterday on Georgia Power forges ahead with expensive nukes. -jsq
Thanks for posting this John!

Mr. Bowers’ visit and his comments are almost comical, particularly his quote that “the government is stimulating for renewables to give them a running chance but, when you remove them, the question is can they run on their own two feet?”

A good question! Fact is that neither coal nor nuclear would be able to “run on their two own feet” if it wasn’t for the large subsidies both have received for decades. Now these are nicely hidden subsidies so that the average consumer thinks he is getting a bargain, without realizing that it is us, the consumers, who have actually paid for this “inexpensive rate”.

At the same time truly renewable and clean energies

Continue reading →

Georgia Power forges ahead with expensive nukes

Would you buy two new nukes from a company that ran over budget by a factor of 13 last time it built nuclear reactors at the same site? When one of those reactors got shut down for days a couple mnths ago? When another reactor even closer to us was discovered leaking radioactivity into our aquifer? A company that got the state to agree it could keep all its profit and socialize any cost overruns by passing them on to you, the customers? Well, Georgia Power CEO Paul Bowers thinks you should trust such a company to build nukes for gapower’s profit you!

Today in the VDT David Rodock wrote, Georgia Power discusses nuclear, solar, energy costs

Georgia Power president and CEO Paul Bowers visited Valdosta late last week to talk nuclear energy, solar and what the company has been doing to cut energy costs for their customers.
Yet another dignitary visits without telling the public first.

Anyway, much of the story is about how cost-effective and safe Continue reading →