Tag Archives: FPL

FPL parent NextEra Energy admits solar and wind far better investments than pipelines 2018-01-26

Even Sabal Trail partner NextEra Energy’s earnings call has far more about record solar and wind deployment and earnings (“added $0.67 per share”) than about pipeline declining earnings (“added $0.10 per share”) and misinformation, claiming Sabal Trail is operational and on schedule when it isn’t.

Which is better, NextEra, $0.67 or $0.10 per share? Oh, wait, effectively you answered that: “As the world’s current leader in wind, solar, and storage development….”.

Solar, NextEra Energy
Solar, NextEra Energy

One sentence is NextEra’s only mention of Sabal Trail; nothing about the Sierra Club lawsuit against FERC that less than a week later saw the DC Circuit Court reject all requests for rehearing, meaning as early as next week the court may mandate shutting down Sabal Trail. NextEra company FPL is the sole remaining customer listed in Sabal Trail’s custoner index. Maybe it’s time to bail out and get on with solar power in the Sunshine State.

NextEra Energy, via Motley Fool, 26 January 2018, NEE earnings call for the period ending December 31, 2017,

CEO and Chairman James L. Robo:

Fourth, we’re advancing our renewable product offerings as we prepare for the next phase of renewable development. As a result, our prospects for new renewables growth has never been stronger. As Continue reading →

The shift has come: GE, Siemens massive job losses as fossil fuels crash and the sun rises

The carbon bubble is bursting, as jobs fly from some of the biggest companies in the world, because solar and wind power are taking over right now. It’s too late to bet on the wrong nuclear horse or the wrong pipelnie snake. Get out of fossil fuels now: the sun is rising.

Tiffany Hsu and Clifford Krauss, New York Times, 7 December 2017, G.E. Cuts Jobs as It Navigates a Shifting Energy Market,

General Electric, whose new leadership is moving to eliminate bloat and grapple with the fallout from earlier, ill-timed decisions, is taking drastic steps to keep pace with seismic shifts in the global energy industry.

GE ranks first in 2017 downsizing after 12,000 more jobs: Brandon Kochkodin, Bloomberg, 7 December 2017
Brandon Kochkodin, Bloomberg, 7 December 2017, GE Ranks First in 2017 Downsizing After 12,000 More Job Cuts.

The company said on Thursday that it would cut 12,000 jobs in its power division, reducing the size of the unit’s work force by 18 percent as part of a push to compete with international rivals in a saturated natural gas market, adjust to “softening” in the oil and gas sectors and stay abreast of the growing demand for renewable energy.

Solar and wind energy technology is increasingly being deployed Continue reading →

Big Bets keep getting worse for Southern Company

OSHA certified a “continuing pattern of retaliatory treatment” at Kemper “clean” Coal after an employee alerted Southern Company of alleged fraud: SO fired him, refused to hire him back and now he’s suing. Plant “new nukes” Vogtle also had impossible projections from the start and is even later and more overbudget, while anybody from GA-PSC to Georgia EMCs to the Florida PSC or even PowerSouth in Alabama could bring it down. Somebody put Plant Vogtle out of its misery so we can get on with solar power in Mississippi, Alabama, Georgia, Florida, and everywhere else.

Plant Vogtle reactors 3 and 4
Two new cooling towers and construction cranes mark the work sites for nuclear reactors 3 and 4 at Plant Vogtle in east Georgia. The project is currently $3.6 billion over budget and almost four years behind the original schedule. JOHNNY EDWARDS / JREDWARDS@AJC.COM, in Plant Vogtle: Georgia’s nuclear ‘renaissance’ now a financial quagmire by Russell Grantham and Johnny Edwards, Atlanta Journal-Constitution, 19 May 2017.

Kemper “clean” Coal

Doyle LLP, PRNewswire, 8 August 2017, Whistleblower in Kemper Project Sues Southern Company and CEO: OSHA ruled former company engineer faced “continuing pattern of retaliatory treatment” Continue reading →

How much solar power could Sabal Trail’s $3.2 billion buy?

The same money would buy a lot more electricity through solar power than that fracked methane pipeline could generate.

Update 2 March 2017: Added tables; fixed some typos.


Ramez Naam, his blog, 21 September 2016, New Record Low Solar Price in Abu Dhabi — Costs Plunging Faster Than Expected

Start with Sabal Trail’s numbers

Continue reading →

Solar Panels at Daytona International Speedway

Even FPL is doing solar power now, as evidenced by these pictures John Horton sent back from Daytona yesterday. Front gate So, FPL, how about cancel Sabal Trail and help the sun rise faster on the Sunshine State?

Kelly Pickerel, Solar Power World, 19 February 2016, Three solar canopies complete at Daytona International Speedway, Continue reading →

Florida Southeast Connection Alignment Maps from May 2016

Small, big, huge, and PDF versions of each and every one of the 144 alignment maps FSC filed with FERC in May 2016 are on the LAKE website.

[21040-510-ALS-00001 STA: 00+00 TO 50+00, POLK COUNTY, FLORIDA]
21040-510-ALS-00001 STA: 00+00 TO 50+00, POLK COUNTY, FLORIDA
PDF

Follow the link for details of what, and how you can help.

For maps of the rest of the Southeast Market Pipelines Project (SMPP, including Sabal Trail), see SMPP.

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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!

Sabal Trail protests continue –VDT 2016-09-23

Front page today in the newspaper of record in the largest city in the Suwannee River Basin: the WWALS protest against DAPL and Sabal Trail at the US 84 Withlacoochee River bridge last Saturday, between Quitman and Valdosta, GA.

Vdt Desiree Carver, Valdosta Daily Times, Friday, September 23, 2016, front page, Sabal protests continue,

The WWALS Watershed Coalition stood on the bridge between Brooks and Lowndes County Saturday to show solidarity with Dakota Access Pipeline opponents in Dakota and to continue its battle against the Sabal Trail natural gas pipeline.

That’s the US 84 bridge over the Withlacoochee River, on the Continue reading →

FPL admits no need for new electricity until 2024: so why Sabal Trail?

17%, 13%, now 0% new electricity needed in Florida, according to FPL? And the Sabal Trail excuse of coal plant “modernization” has already been accomplished without Sabal Trail? While even FPL is now deploying solar power and admits solar “is now significantly influencing FPL’s resource planning”? So what is the Sabal Trail fracked methane pipeline boondoggle for, then?

Two years ago I pointed out that FPL’s own projections in its ten-year plans Continue reading →

Solar price drops setting invisible price limit for ever-dirtier fossil fuel extraction

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 →

Solar power for military bases in Florida: Gulf Power, a Southern Company

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 →