Category Archives: CWIP

Most of June electric bill for overbudget nuke, yet the sun rises

While electric bills still are tilted against local solar generation 300x225 CWIP on electric bill, in Most of June electric bill for overbudget nuke, by Bret Wagenhorst, 11 June 2015 and Georgia Power continues to levy its stealth CWIP tax for its nuke boondoggle, yet solar power is rising this year on Southern Company and Georgia Power.

Bret Wagenhorst posted on facebook 9 June 2015:

I find it decidedly ironic that a large portion of my last month electric bill went toward paying for a nuclear power plant that is hundreds of millions of dollars over budget, and which will no doubt cost millions of dollars a year to run and to manage its potentially deadly waste. I wonder if the money spent on the nuclear plant were used to purchase rooftop solar panels for all certified energy efficient Georgian homes if we citizens might not be better off in the long run. Thoughts?

Look for Nuclear Construction Cost Recovery Rider on that bill: Continue reading

Fixing climate change is profitable

Batteries are just one of many reasons, including electric vehicles, smart grid, solar and wind power (including pass HB 57 and you can profit by getting financing for your own solar panels), plus massive savings on health care and electricity bills; batteries are one of many reasons that fixing climate change will save us all money, clean up our air and water, expand our forests, preserve property rights, and make some people rich:

In fact, a recent report suggests that revenue from the distributed energy storage market — meaning battery packs and other storage devices located directly at homes and businesses (many of which now generate electricity through solar) — could exceed $16.5 billion by 2024. Another report predicts $68 billion in revenue in the same time frame from the grid-scale storage market. This includes large-scale battery packs, hydro-storage systems that use cheap abundant electricity to pump water uphill to drive turbines later on, or even solar thermal systems that store energy as heat in molten salt.

And it’s all happening fast, so fast your jaw will drop if you’re not paying attention. So let’s stop talking about the costs of fixing climate change. It’s not just no-cost and free, not just in the future but right now; we’re all actually going to be better off through fixing climate change: healthier and more prosperous.

Sami Grover wrote Continue reading

Duke spokesman for closed nuke rate hikes touts new plant for Sabal Trail gas

Would you trust a salesman of failed nukes to sell you a gas plant? Is eminent domain on your property and your community “reasonable and prudent” so Duke can make another bad bet, this time on methane, after Citi GPS and Edison Electric Institute and former FERC Chair Jon Wellinghoff all warned them that solar is going to overtake every other power source within only a few years?

That’s the same Sterling Ivey who announced 2 August 2013 that Duke’s Levy County nuclear plants were cancelled ( Duke Energy Cancels $24.7B Florida Nuke Plant Project, ENRSoutheast, 08/02/2013, by Scott Judy). A few days later, Florida PSC approved a rate hike to pay for Duke’s forever-closed Crystal River nuclear plant. Dave Heller wrote for WTSP 5 August 2013, Florida regulators OK Duke Energy nuclear rate hike,

“These are reasonable and prudent costs as Continue reading

Florida PSC terminates Levy County 1 & 2 nukes, charges Duke customers, settles Crystal River 3

Remember, Georgia, Georgia Power can continue to charge you for Plant Vogtle 3 and 4 even after they’re canceled, just like Duke is doing for Levy County in Florida. Beware: Duke’s idea of a replacement is a natural gas plant powered by a 36″ pipeline on a 100′ right of way gashed through Alabama, Georgia, and Florida.

And while Duke customers will get refunds for permanently-closed Crystal River 3, FL PSC also slid in a new tax: “promotes community growth through economic development tariffs.” A tariff is, according to Investopedia:

A tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers. They are one of several tools available to shape trade policy.

Curious how FL PSC redefines restraints on trade as promoting growth.

FL PSC PR of 17 October 2013, PSC Decides Revised Settlement Agreement for Duke Energy Florida, Inc., Continue reading

Citizens for solar power; GA leg. not so much

Utility backers in the Georgia legislature tried scare tactics to stop HB 657 (or anything else) from requiring more solar power from Georgia Power. Still no solar tax, said citizens in Savannah, Columbus, Gainesville, Athens, and now Atlanta.

Walter C. Jones wrote for the Florida Times-Union 31 October 2013, Outlook for solar bill isn’t bright in Georgia. Not sure why this picture of me illustrates this story on facebook (I wasn’t at the hearing in Atlanta), but hey, why not.

Claudia Collier with Green Georgia drove from Savannah to speak at the hearing.

“This bill will give us direct choice in where our electricity comes from,” she said.

Rep. Mike Dudgeon, R-Johns Creek, pointed to the amount of solar generation the Public Service Commission ordered Georgia Power to acquire this year.

“It looks like the PSC is already managing the situation,” he said.

As Southern Company CEO Tom Fanning and Georgia Power CEO Paul Bowers well know, Continue reading

Video of citizens in Athens opposing Georgia Power solar tax

Another city, more citizens opposed to Georgia Power’s solar tax, and to Georgia Power’s rate hikes for fossil fuels and nukes.

Seth Gunning of Georgia Sierra Clug Hyacinth Manacap Empinado wrote for Athens Patch today, “No” To Rate Hike for Georgia Power, Say Residents at Athens Meeting: People urged Public Service Commissioner Tim Echols to vote against the Georgia Power rate hike request.,

Tim Echols GA PSC and Seth Gunning GA Sierra Club Echols says that part of the money will be used to clean up older coal plants and convert some plants to burn cleaner, natural gas.

If approved, Continue reading

No solar tax –citizens in Gainesville GA

Solar advocate PSC Commissioner Bubba McDonald joined Tim Echols for this one. Citizens said no to Georgia Power’s proposed solar tax, just like in Savannah and Columbus.

Sarah Mueller wrote yesterday for Gainesville Times, Public gives thumbs-down to Georgia Power rate hike,

The Georgia Power Co. rate hike proposal and suggested fees on solar energy installation didn’t get a lot of support from residents who attended a town meeting in Gainesville on Tuesday night.

The Georgia Public Service Commission is reviewing a $482 million three-year rate increase request from the energy company that would add about $7.84 to the average ratepayer’s monthly bill. The Georgia Sierra Club and Georgia Watch has sponsored town meetings around the state this month to let commissioners hear public input on the request. Commissioners Tim Echols and Lauren “Bubba” McDonald participated in the meeting at the Brenau Downtown Center.

Pursuing solar energy as state policy was also a hot topic at the meeting, which was lightly attended. About 10 people spoke, criticizing the proposed hike, the company’s proposed guaranteed profit increase to 11.5 percent and Continue reading

New nukes make no financial sense –financial expert to GA PSC

If new nukes make no sense because of natural gas prices, they make even less sense with continually-dropping solar power prices.

Ray Henry wrote for AP yesterday, Regulator: New nuke plant now wouldn’t make sense,

If Georgia was starting from scratch, it would not build a nuclear power plant….

An analyst working for state regulators, Philip Hayet, said in written testimony that the total costs of building two more nuclear reactors at Plant Vogtle (VOH’-gohl) is more expensive than the next-best option, constructing natural gas plants.

Still, Hayet said it is cheaper in most scenarios to finish the nuclear plant rather than halt the project and instead build natural gas plants.

But it’s not cheaper to finish a nuke than to halt it and get on with wind offshore and distributed solar power throughout Georgia.

GA PSC didn’t publish Hayet’s calculations, using the old excuse of “they involve proprietary financial information from Southern Co. subsidiary Georgia Power”. But Edison Electric Institute didn’t need any proprietary financial information to compute that Continue reading

VDT links Plant Vogtle nuke cost overruns to Kemper Coal

Even the VDT has caught on to cost overruns for Kemper Coal and the new nukes at Plant Vogtle.

VDT posted an AP article 29 July 2013, Miss. deal may figure into Georgia nuclear plant, and Charlotte Observer posted it the day before, including Ray Henry as the author,

In Mississippi, the Southern Co. utility took financial losses when the cost of building a new power plant went over budget. In Georgia, another of the company’s projects is going over budget, but it has not yet taken a financial hit.

Southern Company subsidiary Mississippi Power promised utility regulators that it would charge its customers only for $2.4 billion in costs for building a coal-fired power plant in Kemper Country. Those customers will also have to pay off another $1 billion in bonds for the project, though the utility cannot make a profit off that borrowed money.

The utility’s deal in Mississippi has become a point of debate as Georgia regulators consider who should pay for the increased cost of building two more nuclear reactors at Plant Vogtle (VOH’-gohl), southeast of Augusta. Public Service Commissioner Tim Echols said he wants Southern Co. subsidiary Georgia Power to consider a Mississippi-style deal here, and Georgia regulators are carefully tracking financial developments in Mississippi.

Echols said he was interested in the idea of a project spending cap.

“I’m sure when they made that deal they didn’t think they were going to over the cap, but they did,” Echols said.

Oh, come now, they went 26 times over budget last time. Why would anyone believe Continue reading

Southern Company backed off on cost overrun request

Fitch reaffirmed SO’s and Georgia Power’s (and Mississippi Power’s) ratings today after Southern Company backed off a week ago from risking losing the larger cost overrun request to GA PSC. Beware: SO will be back, when maybe fewer people are looking. Or maybe that tiger team will issue its summer report and the titanic Southern Company ship will finally change course towards distributed solar and wind power.

Jonathan Shapiro wrote for AP 31 July 2013, AP: Georgia Power To Waive Request for Extra Vogtle Costs

[Southern Company] CEO Thomas Fanning told analysts Wednesday that the Atlanta-based company reached a preliminary deal with Georgia officials.

Under the plan, the company would only seek right now to collect the $209 million that it spent building the two new reactors at Plant Vogtle from July to December.

The company would waive Continue reading