Tag Archives: John S. Quarterman

Big bet on solar power? –Sam Booher; Shale and Australia! SO CEO Thomas A. Fanning @ SO 2012-05-23

According to memory, Sam Booher congratulated Southern Company (SO) CEO Thomas A. Fanning on moving away from coal, and recommended big bold bets in solar power. Camera operator error prevented recording what Booher said. I did get video of CEO Fanning’s response, about shale and natural gas, plus Australia.

…the most reliable forms of energy. Today, with the revolution we have seen in the shale gas industry, that tends to be natural gas. And so what we are doing is we are transitioning away from coal towards natural gas. Combined with new environmental regulations that we will comply with.

Those would be the new environmental regulations about which SO Chief Operating Officer Anthony Topazi said last December:

“It’s physically impossible to build the controls, the generation, the transmission and the pipelines needed in three years.”

COO Topazi also projected:

“We will experience rolling blackouts or rationing power if we don’t have simply the time to comply.”

Since SO CEO Fanning didn’t say anything about rolling blackouts or rationing power, I guess SO managed to find a way to comply, just as other power companies said they could at the time. Maybe we shouldn’t pay too much attention to predictions of flickering power from SO.

Back to CEO Fanning:

From an energy standpoint, Southern Company is a little bit smaller, but similar to, the energy production profile of the nation of Australia. We are a great, big company from an energy production standpoint.

According to Forbes 18 March 2012, SO is the largest electric utility in the U.S. by retail sales and number 6 in the world. Back in 2006, Forbes ranked Germany’s E.ON number one in the world, and Japan’s TEPCO as number 6. What happened to E.ON and TEPCO? Continue reading →

Exit strategy for when this big nuclear bet goes bad? –John S. Quarterman @ SO 2012-05-23

At Southern Company’s (SO) shareholder meeting, I enumerated some examples in the U.S., Japan, and Germany of nuclear gone bad, and pointed out Japan, Germany, and even Bulgaria had already or were getting out of nuclear, while Southern Company and Georgia continued to bet the farm on nuclear, and I asked what was SO’s exit strategy for when that bad bet goes bad? SO CEO Thomas A. Fanning said they had learned everything there was to learn from Fukushima, and besides Plant Vogtle is 100 miles inland where there are no earthquakes. He didn’t mention the same description applies to Chernobyl. He did say SO planned to make the U.S. nuclear industry the best in the world.

You kept using big bets and then bet the farm. Very interesting terminology.

Um, the title of SO’s corporate biography that SO was giving out in the lobby in paper, video, and audiobook formats is Big Bets: Decisions and Leaders That Shaped Southern Company. And ‘nuclear’s “bet-the-farm” risk’ is, as I mentioned, bond-rater Moody’s phrase.

He said the new Plant Vogtle units were planned for $14 billion and 10 years to build, and

…it is a big investment.

He said a company to do such a thing needed scale, financial integrity, and existing credibility of operations.

Scale seems to me a problem, since SO seems deadset on building mainframes in a networked-tablet world.

SO’s nuclear financial track record is that four nuclear plants were originally planend for Plant Vogtle at a cost of $660 million and only two were built at a cost of $8.87 billion. The new units at Plant Vogtle are already overbudget by almost a billion dollars. The Georgia Power bonds that SO CEO Fanning mentioned: aren’t they guaranteed by the $8.33 billion federal loan guarantee?

Regarding operations credibility, a year ago Vogtle Unit 1 shut down 2 days after the NRC gave Vogtle a clean bill of health. But the SO CEO says it’s all better now.

Here’s the video, followed by links to sources for the points I made:

Exit strategy for when this big nuclear bet goes bad? –John S. Quarterman
Shareholder Meeting, Southern Company (SO),
Callaway Gardens, Pine Mountain, Georgia, 23 May 2012.
Video by John S. Quarterman for Lowndes Area Knowledge Exchange (LAKE).

Here are the main points I was reading from, with links:

Continue reading →

Salute for less coal; how about third-party solar? –Mark Woodall @ SO 2012-05-23

After saluting Southern Company (SO) for burning less coal, Mark Woodall said he was very disappointed to see Georgia Power fight so hard to prevent homeowners from using their own private property to generate and sell solar energy. He quoted SO CEO Thomas A. Fanning’s oft-repeated remark that Fanning is “bullish on solar”. Fanning proceeded to define “bullish” as pie in the sky bye and bye.

We remain very bullish on solar. When we think about renewables, I think renewables are exceedingly important to this nation’s future. My sense is until we see significant technology innovation, my sense is that that will probably very late in this decade or beyond that, we still are gonna get by far the lion’s share of electricity from central stations.

Then he said he was bullish on thin-film solar. Some time in the future or “one day” when Continue reading →

Wind power and the Southern Company –Seth Gunning @ SO 2012-05-23

Seth Gunning from Atlanta spoke at the Southern Company (SO) meeting 23 May 2012 at Callaway Gardens; he was representing the Georgia Sierra Club with 97 shares. SO CEO Thomas A. Fanning graciously greeted him. Gunning brought up health effects of coal plants. Then he talked about two paths.

The way I see it, Southern Company sits at a crossroads. That one path Southern Company continues to drag its feet on the development of renewable energy economies in the southeast. The other path, Southern Company becomes a leader in creating jobs and economic development in clean energy in the south.

He thanked SO for recently partnering with Santee Cooper in the Palmetto Wind Project in South Carolina. It’s curious how there’s been no news whatever about that.

Then Gunning mentioned another wind project:

The state of Georgia is the only Atlantic state not currently working with the Department of Interior to streamline the permitting processes for offshore wind development.

He was referring to the Atlantic Offshore Wind Energy Consortium announced by DoI 8 June 2010. (Not to be confused with Google’s privately-funded Atlantic Wind Connection.) Gunning asked whether the Southern Company would advocate Continue reading →

Caucus to elect delegates to DNC from GA-01, Waycross, 2012-04-21 @ DPG1 2012 04 21

Saturday Democrats from across Georgia’s First Congressional District caucussed in Waycross to elect delegates to the Democratic National Convention (DNC). The winners were announced:

DNC Delegates from GA-01: Miguel Camacho, Audrey Stewart, Joe Segui, Laverne Gaskins, Al Williams,
plus Jeana Brown GA-01 Chair

Speeches by the winners:

Here’s a playlist. A few videos are still uploading. Maybe some delegates or elected officials would like to do something about the horrible Internet connectivity we have here in south Georgia. For example, how about repealing the law that prohibits municipalities from running their own ISPs.

Caucus to elect delegates to DNC from GA-01, Waycross, 2012-04-21
Elect Delegates to Democratic National Convention,
DNC Caucus, 1st District, Democratic Party of Georgia (DPG1),
Jeana Brown, Chair,
Waycross, Ware County, Georgia, 21 April 2012.
Video by John S. Quarterman for Lowndes County Democratic Party (LCDP).

-jsq

 

 

 

Videos @ VLCIA 2012 03 20

Likely new industry, private prison really cancelled, strategic planning, and trees in the median!

Here are videos of the entire March regular meeting of the Valdosta-Lowndes County Industrial Authority (VLCIA). Here’s the agenda.

It’s good that they approve minutes after emailing them to each other. Maybe someday we the taxpayers will get to see those minutes.

Did you know they had two executive sessions on 23 February 2012, at 10AM and 2:25 PM in addition to their retreat and regular meeting of that same day? If they’re having all these executive sessions, presumably all the material about personnel and real estate that needs to be kept confidential is in there, and the minutes of the regular meetings shouldn’t contain anything the public should not see.

For example, Continue reading →

Videos of Rally for HOPE @ LCDP 2012 03 24

Rain kept the numbers down, but the enthusiasm was strong in Lakeland at the Rally for HOPE, 24 March 2012.

The announcement said:

This will be a Rally for the Hope Scholarship and a Voter Registration. Everyone concerned about HOPE is invited. We will have guest speakers and will hear from those students and families affected by the current status of HOPE.

The featured speaker was Janice Barrocas of HOPE for Georgia, which is running a three year nonpartisan campaign to save HOPE scholarships.

Bikram Mohanty explained that there will be a shortfall of $270 million for the HOPE scholarships in 2012. Janice Barrocas pointed out there were really two HOPEs now: the other one being the Zell Miller scholarships. Bikram showed a map that illustrates that very few Zell Miller Scholarships go to south Georgia.

Janice Barrocas and Bikram Mohanty discussed that HOPE is funded by a lottery, and lottery funds are down in the recession. The blue line on the chart is deposits from the lottery into the HOPE program, the red line is expenditures, and the green line, dropping rapidly, is reserves at the end of the year.

Janice Barrocas noted that

The end users of this program were not at the table

when the recent HOPE changes were passed. Especially students mostly found out when they got stuck with bigger bills they had to pay. Students and their families may still be too polite to mention they have financial troubles, but it’s time to break the culture of silence when it’s a choice between the family eating or the student going to school. Betty Marini pointed out students loans add up to $1 trillion dollars, which is a huge drag on the economy.

Matt Flumerfelt observed that there is a push for divestiture and privatization these days, and he wondered if the silence around the quick passage of the recent HOPE changes wasn’t because it was a money grab for the lottery funds.

Tech school HOPE is grants, and most tech school students get them. If HOPE went away, the lottery would Continue reading →

Industrial Authority board meets Tuesday @ VLCIA 2012 04 17

Industrial Authority board meets about something or other Tuesday; hard to tell what. Maybe this will reveal some sort of strategy:

  • Target Market Study Update

VLCIA’s website is restored enough to say:

The Valdosta-Lowndes County Industrial Authority will hold a Regular Board Meeting on Tuesday, April 17, 2012 at 5:30pm in the Industrial Authority Conference room.
They’ve also posted a notice on their facebook page.

The agenda doesn’t say much. I guess that one time they put a lot of information in it was a one-shot. And if you want to see any old agendas, you’ll need to wait until they finish fixing their website. Or look in the LAKE blog….

Now, let’s see, where are those minutes?

Here’s the agenda.

-jsq

Valdosta-Lowndes County Industrial Authority
Agenda
Tuesday, April 17, 2012 5:30 p.m.
Industrial Authority Conference Room
2110 N. Patterson Street
Continue reading →

Videos of Lowndes County and the mayors @ LOST 2012 04 09

Here are videos of the Local Option Sales Tax (LOST) talks yesterday morning between Lowndes County and the local cities (Valdosta, Hahira, Remerton, Dasher, and Lake Park. Not really negotiations, these were more an exchange of views. The county’s position is the same as Chairman Ashley Paulk told me after the county’s four minute work session earlier that morning: the county could claim 72% of LOST based on cost of services delivered to the whole county, but the county’s offer is to stick with the 58% share from 2002. The cities all would like a bigger share.

The venue was the county’s meeting room next to Commission Chambers. There was no sound feed available in there, so sound is variable.

First County Manager Joe Pritchard explained the state-mandated procedures and Lowndes County’s position, both of which were spelled out in a three page paper. Basically, the county wants to stick to the percentages negotiated in 2002, although by the county’s reckoning it could ask for a much higher percentage.

None of the cities had a written position paper. Valdosta Mayor John Gayle noted Valdosta had grown more than the county as a whole. County Chairman Ashley Paulk responded that the city couldn’t grow without the county growing. The Mayor said nontheless most growth was in Valdosta. The Chairman asked whether that was growth in households? The Mayor said he didn’t know the answer to that right now. The Chairman remarked that according to his reading of the census, it was mostly not in households.

Hahira Mayor Wayne Bullard Continue reading →

Georgia Legislators

I blogged about State Rep. Mary Margaret Oliver and then happened to run into her about an hour later, along with her partner in ethics. This time she was in color.


Stephanie Stuckey Benfield (D-85 Atlanta) and Mary Margaret Oliver (D-83 Decatur):
Roswell, Georgia, 31 March 2012.
Pictures by John S. Quarterman for Lowndes Area Knowledge Exchange (LAKE).

-jsq