Tag Archives: Vogtle

PSC rubberstamps Vogtle costs; next day Fitch affirms Southern Company ratings

Need any more proof that Southern Company’s nuclear boondoggle only works with Georgia Power customer and taxpayer subsidy? PSC rubberstamps one day and Fitch affirms ratings the next day. Maybe we should elect Public Service Commissioners who will serve the public.

Georgia Power PR 21 August 2012, Georgia PSC approves Vogtle construction costs

The Georgia Public Service Commission (PSC) today in a 5-0 vote approved Georgia Power’s spending on Plant Vogtle units 3 and 4 for the period including July 1, 2011 through Dec. 31, 2011.

The next day, Fitch PR 23 August 2012, Fitch Affirms Ratings for Southern Company and Subsidiaries,

Continue reading →

After Fukushima: Fewer nukes most places; More in Georgia

Most countries are not building more nuclear power plants, and some are shutting down some of the ones they have, because Fukushima has confirmed what Chernoby and Three Mile Island already told us: maybe the physics is sound, but the business model leads to unsafe plants. But in the U.S. and Georgia, it’s full speed ahead for new nukes, regardless of the risks of radiation leaks or cost overruns.

Christopher Joyce wrote for NPR today, After Fukushima: A Changing Climate For Nuclear

“We don’t see Fukushima as having a significant impact on the U.S. industry,” says Scott Peterson, vice president of the industry’s Nuclear Energy Institute. “The Nuclear Regulatory Commission was renewing 10 licenses for U.S. plants, extending them 20 years in operation. We were continuing to move forward in examining new reactor designs.”

Nevermind that those extensions mostly go well beyond the design lifespans of the plants extended.

Marc Chupka, who advises electric utilities as an economist with the Brattle Group in Washington, wonders who’s going to pay for them.
“Right now, just the plain economics of nuclear power are underwater,” he says. He notes that over the past decade, construction costs have skyrocketed and natural gas got more plentiful and cheaper.
“Things change significantly over relatively short periods of time,” Chupka says, noting that it takes about a dozen years to plan and build a new nuclear plant. “That makes it an incredibly challenging environment to plan for the long term. And that adds to the risk and it makes investors understandably skittish.”

So we could do what Germany is doing:

Germany says the same: The government will throw its weight and wealth into solar and wind energy to replace nuclear power.

Or we could listen to the same old excuse: Continue reading →

Who to contact about nuclear vs. solar

Somebody asked who to write about the nuclear costs Georgia Power is passing through to customers.

Here’s the contact page for the Georgia Public Service Commission.

PSC Commissioner Lauren McDonald has been the most vocal about wanting Georgia Power to do solar. Commissioner Chuck Eaton and Tim Echols have both said in public they want more solar. PSC staff member Tom Newsome tried to get gapower to accept a better nuclear profit deal.

Don Parsons, chair of the energy committee of the Georgia House of Representatives, wants to write an energy plan for Georgia. A real one; not that bogus one from 2006 that nobody followed anyway.

Doug Stoner, Georgia State Senator, has said that Georgia Power wasn’t building nuclear plants with private money; they were using public money, and that even a public utility is a subsidy. So it appears he gets it.

Scott Holcomb, Georgia State Representative, wants a state energy policy, and has said:

Our lack of an energy policy is an absolute Achilles heel of our national policy.

So we should get on with a real energy strategy for Georgia.

Click on the pictures of each of the legislature members for their contact information. Even better, contact your state representative or senator. Or federal, since I think the new Plant Vogtle construction gets federal subsidies, too. Or write your local newspaper, or your local TV station, or the AJC.

-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 →

Earthquakes at GA nukes?

There are no earthquakes in Georgia, right? Well, Charleston is close enough for the Savannah River.

According to Southern Company, which is building two new reactors at Plant Vogtle:

Among the largest known regional earthquakes was an 1886 earthquake that struck Charleston, S.C., about 85 miles from the Plant Vogtle site….

1886 was more than 100 years ago! Probably a 500 year event. Oh, wait, we had a 700 year flood here a few years ago. And those earthquakes in Colorado and Virginia were 100 year events….

Well, if it was near Charleston it must have been minor, less than that 6.8 quake in Virginia just now (within a few dozen miles of a nuke). Except USGS says the Charleston quake was 7.3 magnitude:

This is the most damaging earthquake to occur in the Southeast United States and one of the largest historic shocks in Eastern North America. It damaged or destroyed many buildings in the old city of Charleston and killed 60 people. Hardly a structure there was undamaged, and only a few escaped serious damage. Property damage was estimated at $5-$6 million. Structural damage was reported several hundred kilometers from Charleston (including central Alabama, central Ohio, eastern Kentucky, southern Virginia, and western West Virginia), and long-period effects were observed at distances exceeding 1,000 kilometers.

So let’s see, 86 miles is 137 kilometers.

The most recent San Francisco earthquake, the Little Big One of 1989, was a 7.1. That’s the one that turned the 880 freeway into the 440 by collapsing the upper deck and closing the Bay Bridge.

Well, at least they’re not building a solar power plant on the Savannah River. If those things break in a quake you get… sunshine.