Category Archives: Economy

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

Et tu, FERC? No tax writeoffs for MLPs; pipeline stocks plummet 2018-03-15

On the Ides of March, FERC, apparently forgetting its the companies it supposedly regulates that pay its salaries, knocked pipeline company stocks down by disallowing a tax writeoff. This was one month after FERC inadvertently cleared a path for renewable sun and wind power through batteries. Look who got whacked the most, and not even FERC’s Sabal Trail rubberstamp permit reinstatement could save it:

Pipeline MLP vs. Electric Utility, Stock Charts
Stock price comparison, Wednesday, Thursday, Friday, 14, 15, 16 March 2018. The colorful candle canyon is for Spectra Energy Partners LP (SEP), which was by far the worst affected of those shown.

You may wonder as I do: what is FERC doing Continue reading

Videos: Day 2, Planning, Lowndes County Commission @ LCC 2018-02-20

These videos are for those of you who have jobs, or responsibilities, which prevent you from taking random days or hours off at a time. Commissioner Marshall was absent from the second day of the retreat because he has a job which does not allow him the flexibility of daytime hours off. (The first day of the retreat was on Presidents Day.)

The topics of discussion ranged from the ever popular litter and trash collection, to special tax districts, fire and emergency response, animal control and the animal shelter, and one of my favorites, electronic records. Most presentations were made either by the county manager or clerk but the current Deep South Solid Waste Authority Chairman Kevin Beals was first up to talk trash.

Below are links to each LAKE video of Day 2, followed by a LAKE video playlist. See also the LAKE videos of Day 1 and Continue reading

Pastry, Hunting, Market Strategy @ VLCIA 2018-02-20

On their agenda for tomorrow are bonds for Martin’s Famous Pastry Shoppe.

Martin's Famous Pastry Shoppe, Inc. logo

Valdosta-Lowndes Development Authority
Tuesday, February 20, 2018, 5:30 PM
Development Authority Conference Room/103 Roosevelt Drive
Monthly Meeting Agenda

Continue reading

Videos: Resolutions and Railroad crossing @ Hahira 2018-01-30

The Hahira City Council passed two resolutions at its February 1, 2018 Regular Session, one supporting GA HR 158 to stop state fee diversions, and another supporting the Withlacoochee and Little River Water Trail. Two days before I spoke about both and there was discussion at the Hahira Work Session of January 30, 2018.

Another item from that Work Session has unfortunately become big news: possibly closing the Lawson Street railroad crossing, where a man was killed February 5 when a Norfolk Southern train struck a dump truck, according to WTXL. WALB says, “The Georgia State Patrol identified the driver as Dexter Brown, 48, of Barnwell, S.C.”. Mayor Bruce Cain gave a statement to Hahira Today, which also included some discussion of that agenda item: Continue reading

Special Called Meeting @ VLCIA 2018-02-07

Alcohol and the economy, on the agenda for this morning’s Special Called Meeting of the Development Authority. I think I’ll go to see Brad Folsom as the new Mary Gooding.

Valdosta-Lowndes County Development Authority
Agenda/Special Called Meeting
Wednesday, February 7, 2018, 11:30 am
Industrial Authority Conference Room
103 Roosevelt Drive

Call to Order

  • For the purpose of voting on amended Economic Development Agreement and Lease Agreement for GA Beer Company

Adjourn Special Called Meeting

Only one item, Agenda

Georgia Beer Company’s website says “We are not open for business yet”, but its contact page says “Say hello to the first Georgia brewery in Valdosta.” They also have a facebook page. Neither of which says where they will be located. So, VLCIA, in one of your numerous mostly-empty business parks, or elsewhere?

GA Beer Co. logo

Looks like GA Beer Co. had a kickstarter fundraiser a couple of years ago, which says they all met at VSU.

Presumably this is the same Community and Economic Development Strategy recently approved by the Lowndes County Commission.

-jsq

Investigative reporting costs money, for open records requests, copying, web hosting, gasoline, and cameras, and with sufficient funds we can pay students to do further research. You can donate to LAKE today!

Resolutions against GA state fee diversions and for water trail @ Hahira 2018-01-30

Tonight, a resolution for Georgia HR 158 against state fee diversions, and another resolution supporting the Withlacoochee and Little River Water Trail, at the Hahira City Council Work Session (and Thursday on the Regular Session agenda). Also, Terry Benjamin will get sworn in again as Councilman, District 1, the food truck zoning ordinance is back, there’s a RR crossing closure request, and a Recommendation to Raise Hahira Depot Rental Fee from $400 to $500, among other items on the agenda.

Hahira City Council
January 30, 2018
Work Session Agenda
6:00 pm- Hahira Courthouse

  1. Call to order Continue reading

Videos: Approved resolution against state fee diversion, economic strategy, road abandonment @ LCC 2018-01-23

They approved everything in 10 minutes flat, including the Special Asessment Rate for 2018, the Community and Economic Development Strategy, and yes, they added to the agenda and passed the Resolution Supporting HR 158 to Stop Diversion of State Fees.

Below are Continue reading

Regional T-SPLOST public meetings in Pearson and Valdosta 2018-01-29-30

Update 2018-01-28: LAKE videos of Valdosta Mayor and Council talking about $406 million and 25% discretionary funds which can be used for things like public transportation.

Preparing for a vote on the May 22, 2018, primary election ballot, SGRC is holding two public meetings next week to review what the regional roundtable has come up with for a project list for a regional one-percent sales tax. Most of the projects, ranging from $18 thousand to $26 million dollars, are for roads and bridges, but there are also sidewalks and one airport tower light. There is nothing in the project list for public transportation, but 25% of the funds are not on the project list, and counties or cities could choose to use some of those funds for example for paying for the urban area parts of trips by the Lowndes County MIDS on-call bus service.

When: 4-6PM, Monday, January 29, 2018

Where: Pearson Sports and Civic Complex,
786 Austin Avenue East, Pearson, Georgia

When: 10AM-6PM, Tuesday, January 30, 2018

Where: Southern Georgia Regional Commission Valdosta Office,
327 West Savannah Ave. Valdosta, Georgia

Distribution by Jurisdiction, Revenue
Estimated Revenue Distribution by Jurisdiction, Southern Georgia Regional Transportation Sales Tax

SGRC Press Release, 19 January 2018, Public Meetings Set for Transportation Sales Tax Project List, Continue reading

Videos: Resolution against state fee diversion, economic strategy, road abandonment @ LCC 2018-01-22

1. Call to Order 4. Minutes for Approval, Movies The tire amnesty went well, and added to the agenda: a county resolution in support of HR 158 in the Georgia legislature, to stop state fee diversions.

The County Manager reminded them they had heard about the Community and Economic Development Strategy a few months before (apparently under another name), and there was some confusion about Georgia Power’s continued involvement.

Below are links to each LAKE video with a few notes, followed by a LAKE video playlist. See also Continue reading