Duke’s new solar farms in Florida echo what Duke was already doing three and a half years ago when an independent study concluded more solar power in North Carolina would save utility ratepayers tens of millions of dollars annually.
Parents and grandparents buy 529 college savings plans as safe investments, so VA529 chose poorly in Spectra Energy, the very risky company behind the Sabal Trail fracked methane pipeline now plowing through the Floridan Aquifer drinking water of south Alabama, Georgia, and all of Florida and under the Withlacoochee and Suwannee Rivers against growing opposition. Maybe you’d like to mention that to Mary G. Morris, the Chief Executive Officer of Virginia529 College Savings Plan, the biggest mutual fund investor in both Spectra Energy and in Enbridge, which is buying Spectra. There’s a handy VA529 contact form or you can call or write:
9001 Arboretum Parkway
North Chesterfield, VA 23236
DAPL and Sabal Trail are more intertwined than we thought. But first, who are the institutional investors in the three Sabal Trail partners? NASDAQ makes this easy to discover, and the answer is in the first table below: among banks State Street and Bank of America stand out.
Let’s not forget Williams Company, of the Transco Hillabee Expansion Project from which Sabal Trail wants to get its fracked methane; see the second table, which State Street clearly wins, and there’s Goldman Sachs.
We learned this week that Enbridge of the Dakota Access Pipeline (DAPL) opposed by the Standing Rock Sioux in North Dakota: that Enbridge is buying Spectra Energy of Sabal Trail.
But there’s more! Last year Williams was bought by Energy Transfer Equity, which is the main backer of DAPL.
Update 2016-09-26: Actually, Energy Transfer backed out of buying Williams Co..
See the third table, which shows banks bought into at least five of the partner entities: Bank of America and Morgan Stanley.
Opponents of Sabal Trail are not just fighting the same industry as DAPL: they’re fighting many of the same companies and the same investors.Continue reading
SO is buying 50% of SONAT from KMI, as multiple people have pointed out, including someone from Southern Company. Unfortunately SO is not just investing in existing pipelines: this purchase is about “specific growth opportunities”, and yes, it’s tied to SO’s recent purchase of AGL. Southern Company needs to stop plugging dying 20th century fossil fuels and get on with what it’s already started with solar power (and offshore wind).
Southern Company PR 10 July 2016, Southern Company, Kinder Morgan enter Southern Natural Gas pipeline strategic venture, Continue reading
A fairly insightful piece on the how oil price rises drive more fossil fuel production, currently fueled by debt because wages of most workers have been falling, still misses two big points: solar prices continually plumetting now undercut all fossil fuel prices, and dirtier fossil fuel extraction and its massive colonial invasion of pipelines are meeting resistance everywhere, including at the regulatory-captured puppet agencies like FERC.
“Tyler Durden”, ZeroHedge, 13 May 2016, Submitted by Gail Tverberg via Our Finite World blog, The Real Oil Limits Story – What Other Researchers Missed, Continue reading
Still citing clouds after Georgia has become the fastest-growing solar market in the U.S., and ignoring one of its own earlier Florida solar installations, not to mention its numerous ones in North Carolina, Duke Energy Florida takes a baby step of a 5 megawatt solar installation in Florida.
Susan Salisbury, Palm Beach Post, 15 October 2015, Duke Energy to construct solar facility in North Florida,
Duke Energy Florida Thursday announced plans to construct a new solar facility in Perry, which is in Taylor County in the Big Bend region.
This will be the second Continue reading
Southern Company solar farms at military bases are not just for Georgia anymore; SO subsidiary Gulf Power is building more and bigger ones in Florida.
Gulf Power, Solar Energy Farms,
Gulf Power is partnering with the U.S. Navy and U.S. Air Force to build solar energy farms at three different facilities across Northwest Florida. The projects could be in service as early as December 2016.
“This is an important collaboration between Gulf Power, the Navy and the Air Force,” said Stan Connally, Gulf Power president and CEO. “As military installations seek solutions to promote renewable energy generation, we have worked alongside our military customers to help provide cost-effective solutions — and all our customers will reap the benefit.”
HelioSage and Gulf Power, PRNewsWire, 22 January 2015, HelioSage & Gulf Power Announce 120 Megawatts of Solar in Florida: Landmark projects will span three sites through partnership with Navy and Air Force, Continue reading
Appeal today if you think there’s more to land (or business) and woods and fields and streams than money, unlike the Tax Assessors, whose revaluation would drive development into agricultural areas of the county where it doesn’t belong, while avoiding populated areas such as the south side of Valdosta. We can expect pipeline companies and utilities from other states to think nothing of pillaging our lands for their profit. We shouldn’t expect that of our neighbors whom we elected Tax Asssessors. If you have affection for your land, your county, your neighborhood, today’s the deadline to appeal your valuation. And there will be an election later.
As Wendell Berry said,
Are the Tax Assessors boomers? Are you a sticker? Wendell Berry explains: Continue reading
Are all the fracking utitilies finally seeing the sunlight? By Backing solar power in Florida, are Duke, Southern Company, TECO, and even FPL’s parent NextEra hedging their bets, or finally realizing where the future is?
Reem Nasr, CNBC, 12 June 2015, The sleeping giant of the solar industry: Florida,
Duke Energy Florida told CNBC that it “is a strong supporter of solar energy and we are committed to helping to grow solar in Florida.” Last month it announced an additional 500 megawatts of solar facilities by 2024, among other solar projects.
Meanwhile in May Duke Energy of Charlotte, North Carolina bought 7.5% of Sabal Trail, along with Spectra Energy of Houston and NextEra Energy of Juno Beach, Florida.
Southern Co., which owns Florida’s Gulf Power, said the following:Continue reading
Caught on-camera: ALEC’s off-duty sheriff’s deputies getting TV reporters thrown out of their own hotel for “taking pictures in the hotel”, after ALEC’s marketing droid denied any lobbying going on, nevermind the lobbyist and legislator in a bar spelling out how it works: ALEC gives “scholarships” to legislators who then meet in closed rooms with corporate reps (including all the companies involved in the Sabal Trail fracked methane pipeline) who have equal votes on draft bills for legislators to get passed as law in many states. Bills promoting fracking, pipelines, LNG export, and against solar power, renewable portfolio standards, not to mention for private prisons and privatized education and against municipal broadband and country-of-origin labelling, plus many other corporate give-aways subsidized by the taxpayers and the environment. It’s time for the IRS to revoke ALEC’s 501(c)(3) status. And for the Georgia legislature to apply the state’s sunshine laws to itself.
Brendan Keefe and Michael King, WXIA-TV, 22 May 2015, Legislators and corporate lobbyists meet in secret at Georgia resort, Continue reading