Georgia Power wants taxpayers to take profit risk for new nukes

After already hiking rates to pay for Plant Vogtle units 3 and 4, Georgia Power now balks at taking any risk to its profit if costs go above the projected budget.

Kristi E. Swartz wrote in the AJC today, Georgia Power trashes regulatory staff’s financial proposal for Vogtle cost overruns:

Georgia Power officials told state regulators they never would have started to build a new multi-billion-dollar nuclear power plant if they knew the company might be on the hook for certain potential cost overruns.

The company, they said, would be building a natural gas plant instead.

Georgia Power, which is the largest stakeholder in a partnership building two new reactors at Plant Vogtle, is responsible for $6.1 billion of the $14 billion project. The Georgia Public Service Commission’s staff wants to cut into the utility’s allowed profit margin if the project runs more than $300 million over budget. Profits would similarly get a boost if the reactors come in under budget by the same amount.

The PSC deal sounds fair to me, or actually rather generous.

But not to the big-company socialists at Georgia Power:

At a PSC hearing Wednesday, company executives said the proposal could drive up financing costs of the project, potentially damage the ability to raise capital and eventually increase customer bills.

“As a member of the management team of the company, if this mechanism had been part of the original certification, we very likely would have not proceeded [with the project],” said Ann Daiss, Georgia Power’s comptroller.

Privatize the profits; socialize the risks! That’s the ticket!

They could spend less money building distributed solar farms and wind generators and get them built a lot faster with very little risk of cost overruns. Why isn’t Georgia Power interested in that?

“Even under the most adverse outcomes, the units remain highly profitable with very limited risk for investors,” [PSC staff member Tom] Newsome said. “We’ve been talking a lot about investors in this hearing and I think we need to be talking about [customers].”
Profits paid for by customer rate hikes and taxes from you, the taxpayer. You’d have a better deal if Georgia Power built solar and wind plants.

-jsq

PS: Owed to Mandy Hancock.

Many small ponds for flood control and irrigation

So Valdosta’s ponds for flood control idea is a good start on local water issues. Rather than a few big antiseptic ponds, how about many small distributed ponds, like the Georgia Soil and Water Conservation Commission’s Ponds Program:
Because of increased irrigation from existing ponds in Southeast Georgia due to saltwater intrusion into groundwater aquifers and moratoriums on well drillings along Georgia’s coast, GSWCC, in cooperation with NRCS, developed the Ponds Program. By helping landowners to construct new and renovate existing ponds for irrigation, the Ponds Program has been able to take advantage of rain harvesting to increase landowners’ irrigation capabilities while simultaneously reducing withdrawal from our aquifers, protecting and improving water quality, capturing sediment to reduce downstream transport, and providing wildlife habitats.

-jsq

Chinese Solar Companies Thrive on Manufacturing Innovations

Here in south Georgia we don’t even need to innovate manufacturing, we merely need to implement. Yet Georgia’s solar manufacturers Suniva and MAGE SOLAR are innovating. And we can innovate in deployment.

Kevin Bullis wrote in MIT Technology Review today, Chinese Solar Companies Thrive on Manufacturing Innovations:

Suntech Power’s CTO argues that the secret to China’s success is not cheap labor but advanced equipment for making solar cells.

Five years ago only one of the 10 largest solar cell producers was based in China. But by last year, four of the top five were based there, and each is growing fast: all four doubled their production last year. It’s widely believed that this success is due to low labor costs, but Stuart Wenham, CTO of the largest solar cell maker in China, Suntech Power, argues that the real causes are advances in manufacturing technology that have improved solar cells’ performance and cut costs.

How about this part: Continue reading →

we are to go home, never ask questions —Barbara Stratton

This morning on Lowndes County has transparency issues:
This is typical of all elected & appointed government bodies locally. The common opinion is citizens are only valuable for voting. After we vote we are to go home, never ask questions, never complain, & never comment until it is time to vote again. The common consensus is we are not capable of understanding what our elected/appointed officials are doing so we need to stay out of the process totally. This is nanny state government via local venues. We the people are reduced to you the unendowed & unimportant. John – Our political views are usually polar opposites, but we are always 100% agreed on shinning the light on government black-outs. Keep up the good work.

-Barbara Stratton

Deaf, dumb, and blind –George Boston Rhynes

A comment Monday on Budget Hearing wrapup: no questions were entertained from citizens -jsq:
Soon the people of South Georgia Will see that the old 1860 Valdosta City Chater Mentality is still in force but has been extended to all citiens. That is to keep all citizens deaf; dumb; and blind to what is really going on in South Georgia. But in the end truth, right and equal justice will most certainly win in the end as history always records! http://kvci.blogspot.com

-George Boston Rhynes

Lowndes County has transparency issues —John S. Quarterman @ LCC 28 June 2011

No unfinished drafts will be published while Ashley Paulk is chairman, or so he told us.

I asked him how he recommended citizens provide input to the budget process? He said at every meeting.

So I said I wondered why the county attorney seemed to be overbudget. No response.

Then I got to my main point, which was that the county seems to have a number of transparency issues, such as the missing ordinances he’d just heard about, or Vince Schneider’s Foxborough McDonald’s issues, or the animal shelter issues, or the T-SPLOST list that the Commission approved on the basis of a one page list of one-liner with no details that turns out to include things like $10 million to widen New Bethel Road to Lanier County.

I said I would like to compare the county’s submissions for T-SPLOST funding to the county’s Thoroughfare Plan and the Comprehensive Plan; if I could find those plans online. The Chairman said my five minutes were up. I said “Alrighty” and moseyed back to my seat. As you can see for yourself, it was actually 4 and a half minutes.

-jsq

Here’s the video: Continue reading →

Ponds for flood control and irrigation?

Build retaining ponds upriver to capture flood waters and use them for irrigation? That would be a start on some of the many water concerns. Tim Carroll sent the appended to a long list of people Sunday. -jsq
All,

Important news concerning storm water/flood water management in our area. As noted below in Larry’s email, much work has been done to find solutions. I made this presentation to both the local and state Chamber Governmental Affairs Council’s soliciting their support. There have also been numerous contacts with state and federal representatives concerning this issue.

As always, please let me know if you have any questions or comments.

Happy Independence Day,

Tim Carroll

From: Larry Hanson
Sent: Wednesday, June 29, 2011 4:10 PM
To: Tim Carroll
Subject: FW: Suwannee-Satilla Regional Water Plan Comments

Mayor and Council;

Any and all Georgians have the opportunity to comment on the proposed state water plan and specifically the Suwannee-Satilla Regional Water Plan that covers our region. As you know, I made a presentation to the regional water council late last year in Douglas regarding regional stormwater and the need to address this issue as part of the state water plan. The presentation was

Continue reading →

Missing records at GA Dept. of Ag. Animal Protection

Earlier I asked: “So if the investigation takes more than 2 years, do the earlier files about it start to vanish?” It appears that there’s no need to wait 2 years for records to vanish from the Ga. Department of Agriculture Animal Protection.

Blogger Rattlin’ Georgia’s Cages wrote at some unknown date about State Audits:

The author of this website is NOT an attorney, nor is attempting to provide legal advice to ANY person or organizational entity. The author of this website does not, nor does this website, represent, nor is affiliated with, the Ga. Department of Agriculture Animal Protection Division. The author of this website is a previous employee of the Ga. Department of Agriculture, employed as an Animal Protection Inspector, from Dec 2003 until July 29, 2004.

The Ga. Department of Agriculture Animal Protection
Office was audited in 2000.
This office was also reviewed, by the State Audit Office, in 2003,
for a follow up – to determine if this office was adhering
to the state auditor’s recommendations.
* My comments are in red text.
I’ve included here a couple of examples from that audit, with that blogger’s comments in red. -jsq
The Department has the authority to suspend or revoke a facility’s license. If a facility is found to be operating without a license, the Program notifies the facility of the licensure requirement, provides a copy of the standards that must be met to obtain a license, and schedules a pre-license inspection.

* Unlicensed breeders found to be operating unlicensed were not, during my employment, monetarily fined for violations. Under the authority of the Ga. Admin Procedures Act, Ag AP could, but rarely did, fine a person.

Continue reading →

Eligible for prison road labor

In for a drug offense? Got out but failed a drug test? You may be eligible for a prison road gang!

AP wrote 4 July 2011, GA parolees & road maintenance

Georgia is expanding a pilot program that sanctions some parolees by putting them to work rather than returning them to prison.

The program began in Milledgeville, Gainesville, Columbus and Dalton. This summer it will be expanding to communities across Georgia.

Parolees are eligible if they have committed low-level violations of their supervision requirements, such as the onetime failure of a drug test or curfew violations.

How long will it take before these prisoners are sent to work in fields?

Wouldn’t it make more sense to stop wasting taxpayer dollars on locking up people for minor drug offenses?

Or maybe prison slave labor is a good way to celebrate July 4th.

-jsq

PS: Gretchen got this item from Dwight Rewis of Echols County.