Tag Archives: Gulf Power

Southern Company sells off gas assets second time this year 2018-11-07

For the second time this year, Southern Company sells off gas-fired assets. Could it be to service debt for those way-late and over-budget Plant Vogtle nukes?

Southern Company, PR, 7 November 2018, Southern Power Reaches Agreement to Sell the Mankato Energy Center,

Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that it has entered an agreement to sell the Mankato Energy Center to Xcel Energy for $650 million.

Mankato, a natural gas combined-cycle generation facility, will have a maximum capacity of approximately 760 megawatts upon completion of an ongoing expansion project. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019.

“The Mankato Energy Center is a valuable part of the local community and the regional energy infrastructure,” said Southern Power President and CEO Mark Lantrip. “This transaction is a great opportunity to deliver value for the benefit of Southern Company shareholders.”

Proceeds from this transaction will be used to strengthen the balance sheet of Southern Company and position Southern Power to continue providing clean, safe, reliable and affordable wholesale energy to its customers across the U.S, including the expansion of one of the nation’s largest carbon-free renewable energy portfolios.

What does “strengthen the balance sheet” mean? 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 →