Tag Archives: Tom Fanning

Kim Greene, CEO, Southern Company Gas, at 5701 Quarterman Road 2019-05-10

Update 2023-02-15: New CEOs for Southern Company and Georgia Power 2023-01-09.

The future CEO of Georgia Power visited 5701 Quarterman Road in Lowndes County in 2019 to inspect a completely rebuilt methane pipeline station.

[Movie: Kim Greene, CEO, Southern Company Gas]
Movie: Kim Greene, CEO, Southern Company Gas

This, on my property, is where the Atlanta Gas Light (AGL) pipeline starts that goes to Homerville, GA, where in 2018 its gas blew up a coffee shop and sent three women to Shands in Gainesville, FL, with third-degree burns.

But the rebuild had nothing to do with that event. Continue reading →

Southern Company sells off gas assets second time this year 2018-11-07

For the second time this year, Southern Company sells off gas-fired assets. Could it be to service debt for those way-late and over-budget Plant Vogtle nukes?

Southern Company, PR, 7 November 2018, Southern Power Reaches Agreement to Sell the Mankato Energy Center,

Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that it has entered an agreement to sell the Mankato Energy Center to Xcel Energy for $650 million.

Mankato, a natural gas combined-cycle generation facility, will have a maximum capacity of approximately 760 megawatts upon completion of an ongoing expansion project. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019.

“The Mankato Energy Center is a valuable part of the local community and the regional energy infrastructure,” said Southern Power President and CEO Mark Lantrip. “This transaction is a great opportunity to deliver value for the benefit of Southern Company shareholders.”

Proceeds from this transaction will be used to strengthen the balance sheet of Southern Company and position Southern Power to continue providing clean, safe, reliable and affordable wholesale energy to its customers across the U.S, including the expansion of one of the nation’s largest carbon-free renewable energy portfolios.

What does “strengthen the balance sheet” mean? Continue reading →

Southern Company Stockholder Meeting 2018-05-23

This year the Southern Company annual report says increased energy revenues were “primarily due to increases in renewable energy sales”, yet Southern Power is selling off a third interest in its solar facilities. Why? To pay off debt from its failed Big Bet on Plant Vogtle nukes, and its new Big Bet on stranded assets in natural gas pipelines. I don’t think the future lies that way, Tom Fanning, abandoning solar power and getting in bed with Sabal Trail.

When: 10AM Wednesday, May 23, 2018
9AM breakfast

Where: The Lodge Conference Center at Callaway Gardens,
4500 Southern Pine Drive, Pine Mountain, Georgia 31822

What: Southern Company Annual Stockholder Meeting

Facilities in Operation or Development as of March 20, 2018, Annual Report
Facilities in Operation or Development as of March 20, 2018, Annual Report

Why would Southern Company sell off the assets that generated the most increase in revenue? On page 46: Continue reading →

The shift has come: GE, Siemens massive job losses as fossil fuels crash and the sun rises

The carbon bubble is bursting, as jobs fly from some of the biggest companies in the world, because solar and wind power are taking over right now. It’s too late to bet on the wrong nuclear horse or the wrong pipelnie snake. Get out of fossil fuels now: the sun is rising.

Tiffany Hsu and Clifford Krauss, New York Times, 7 December 2017, G.E. Cuts Jobs as It Navigates a Shifting Energy Market,

General Electric, whose new leadership is moving to eliminate bloat and grapple with the fallout from earlier, ill-timed decisions, is taking drastic steps to keep pace with seismic shifts in the global energy industry.

GE ranks first in 2017 downsizing after 12,000 more jobs: Brandon Kochkodin, Bloomberg, 7 December 2017
Brandon Kochkodin, Bloomberg, 7 December 2017, GE Ranks First in 2017 Downsizing After 12,000 More Job Cuts.

The company said on Thursday that it would cut 12,000 jobs in its power division, reducing the size of the unit’s work force by 18 percent as part of a push to compete with international rivals in a saturated natural gas market, adjust to “softening” in the oil and gas sectors and stay abreast of the growing demand for renewable energy.

Solar and wind energy technology is increasingly being deployed Continue reading →

Big Bets keep getting worse for Southern Company

OSHA certified a “continuing pattern of retaliatory treatment” at Kemper “clean” Coal after an employee alerted Southern Company of alleged fraud: SO fired him, refused to hire him back and now he’s suing. Plant “new nukes” Vogtle also had impossible projections from the start and is even later and more overbudget, while anybody from GA-PSC to Georgia EMCs to the Florida PSC or even PowerSouth in Alabama could bring it down. Somebody put Plant Vogtle out of its misery so we can get on with solar power in Mississippi, Alabama, Georgia, Florida, and everywhere else.

Plant Vogtle reactors 3 and 4
Two new cooling towers and construction cranes mark the work sites for nuclear reactors 3 and 4 at Plant Vogtle in east Georgia. The project is currently $3.6 billion over budget and almost four years behind the original schedule. JOHNNY EDWARDS / JREDWARDS@AJC.COM, in Plant Vogtle: Georgia’s nuclear ‘renaissance’ now a financial quagmire by Russell Grantham and Johnny Edwards, Atlanta Journal-Constitution, 19 May 2017.

Kemper “clean” Coal

Doyle LLP, PRNewswire, 8 August 2017, Whistleblower in Kemper Project Sues Southern Company and CEO: OSHA ruled former company engineer faced “continuing pattern of retaliatory treatment” Continue reading →

Major climate change victory in U.S. House on Bastille Day 2017-07-14

On the anniversary of the French Revolution against a corrupt old regime, the U.S. House of Representatives took a step towards independence from the clammy grip of the fossil fuel companies. This has direct implications on Moody AFB. No more pipelines. Solar power now.

Bethany Allen-Ebrahimian, 14 July 2017, In Landmark Move, GOP Congress Calls Climate Change ‘Direct Threat’ to Security: Extreme weather and rising seas threaten bases from Virginia to Guam. For the first time, a Republican House has voted to recognize that.,

One study last year found that rising oceans threaten 128 military installations on the coasts, including naval facilities worth around $100 billion.

The Pentagon has been aware for years of Continue reading →

Solar-powered wastewater treatment plants in the southeast

Georgia Power is still digging in its heels about solar power even for cities. Georgia Power CEO Paul Bowers and Southern Company CEO Tom Fanning: it’s time for you to lead the southeast into the sun, not, like King Canute, to try to hold back the sea-change to solar power.

A closer view of the solar panel array at Mud Creek Wastewater Teratment Plant
A closer view of the solar panel array at Mud Creek Wastewater Teratment Plant.
Photo: submitted to VDT, apparently by City of Valdosta.

Terry Dickson, Florida Times Union, 4 July 2017, Southeast Georgia cities turning to solar power to save money on wastewater treatment, Continue reading →

Video: Solar panels, heck yeah! –Tom Fanning, CEO, at SO stockholder meeting 2017-05-24

Tom Fanning, our genial CEO host, said some things I’ve never heard him say before like Southern Company is “pivoting towards wind” and SO’s board soon has to decide whether to go forward with Plant Vogtle “or not” probably by August. Fanning gets the first and last word in this blog post, plus a complete transcript of what I asked and Tom Fanning’s response, along with summaries of the other questions and answers.

Well see how it develops --Tom Fanning
Please hear me! I think renewables are exceedingly important in the future.
— Tom Fanning, CEO, Southern Company

In SO’s own meeting video of the 25 May 2017 Stockholder Meeting, you can see much praise about solar power and wind and R&D and a smart grid, along with stockholders wondering: Continue reading →

Southern Company Shareholder meeting: renewables more than doubled in one year 2017-05-24

While its natural gas percentage remained flat, and coal and nuclear decreased, Southern Company (SO) more than doubled its renewable energy generation percentage in one year. Maybe I’ll mention that at the annual shareholder meeting in May.

2017 Mix:
2017 Energy Mix
2016 Mix:
2016 Energy Mix

When: 10:00 a.m., ET
Wednesday, May 24, 2017

Where: The Lodge Conference Center
Callaway Gardens
4500 Southern Pine Drive
Pine Mountain, GA 31822-2593

Event: Annual Southern Company
Shareholder Meeting

Southern Company has all its SEC filings online, including Continue reading →

Georgia Power new acquisition AGL’s Pivotal LNG exporting through Jaxport

Back in May 2015, Southern Company CEO Tom Fanning and Georgia Power CEO Paul Bowers both told me “If we can’t do coal, we have to do pipelines”. I-75 through Atlanta, Macon, Valdosta, I-10 through Lake City A year in the making, Southern Company bought pipeline company AGL Resources. Turns out AGL Resources is also an LNG export company, exporting through Jacksonville by LNG containers on trucks. And the plot thickens with the pending corporate takeover of CSX Railroad by the former CEO of Canadian Pacific, given that CSX depends a lot on carrying coal, which remember is what Southern Company is rapidly getting away from. Could CSX want to carry LNG? Meanwhile, LNG containers are already rolling down I-75 and I-10 to Jaxport, apparently through Atlanta, Macon, Valdosta, and Lake City.

Southern Company PR, 1 July 2016, Southern Company and AGL Resources complete merger, create a leading U.S. energy company, Continue reading →