Tag Archives: Politics

How Much Wind and Solar Capacity Would a Billion Dollars Buy?

Those cost overruns so far on the new nukes? How much solar and wind could that money buy?

John Hanger wrote on his Facts of the Day today, $913 Million Construction Overrun Hits Georgia New Nukes: How Much Gas, Wind, Solar Capacity Would That Buy?

Comparing the Vogtle initial $913 million cost overrun to the capital costs of gas, wind, and solar plants show just how big these cost overruns can be. The Vogtle $913 million cost overrun by itself could have paid for approximately 1,000 megawatts of natural gas generation; 450 megawatts of wind power; and 330 megawatts of solar power.

Don’t forget that’s just the first cost overruns on those nukes. When the current Plant Vogtle nukes were built, there were supposed to be four at a cost of $660 million; only two were built, at a cost of $8.87 billion. That’s a cost overrun of 1300%. How much solar and wind could $8 billion buy?

Moreover, gas, wind, and solar generation could be up and running in 3-years or less from the first day to the last day of development, as opposed to the 10 years or more needed to build a nuclear plant.

Austin Energy’s new 30 MW solar farm, for example, approved beginning of 2009, opened end of 2011, and cost less than originally projected.

Oh, and solar doesn’t leak radioactive tritium like Plant Hatch and won’t get shut down two days after an NRC clean bill of health like Plant Vogtle.

-jsq

 

Cost overruns already starting for Georgia Power’s new nukes

Remember how Georgia Power customers get to pay for cost overruns on the new nukes? Well, the overruns have already started.

JoAnn Merrigan wrote for WSAV 15 May 2012, Environmental Groups: Plant Vogtle Reactors Almost One Billion Over Budget,

A group of nine national environmental groups says that the two new nuclear reactors being built at Plant Vogtle (near Waynesboro in eastern Georgia) are over budget by up to $1 billion dollars. The opponents say Georgia Power’s share of the cost overruns is currently $400 million and that may cost ratepayers as well as taxpayers who are guranteeing loans in the billions of dollars.

The nine environmental groups, Friends of the Earth, Southern Alliance for Clean Energy, Blue Ridge Environmental Defense League, Center for a Sustainable Coast, Citizens Allied for Safe Energy, Georgia Women’s Action for New Directions, NC WARN, Nuclear Information and Resource Service, and Nuclear Watch South, are also suing:

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Citizen Right Denied Quitman-Brooks County Board of Education —George Boston Rhynes

Received today. -jsq

On May 8th, 2012; at 6:00 PM, I (GEORGE BOSTON RHYNES) was denied the right to address the Quitman-Brooks County School Board of Education. Please not that this was at a public meeting in the State of Georgia under our form of government.

May 14, 2012
George Boston Rhynes
(229-251-8645)
5004 Oak Drive
Valdsota, Georgia 31605


TO: Brooks County School Board of Education
     &nbsp(229-263-7532)
      President Brad Shealy
       School Superintendent Debra H. Folsom
       Board Member Robert Lawrence Cunningham III
       Board Member Mr. Wayne Carroll Jr.,
       Board Member Mr. Gerald Golden
       Board Member Mr. Joseph Luke Mitchell
       Board Member Ms. Dennis Monroe
       Board Member Mr. Frank Thomas
       PO Box 511
      1081 Barwick Road
      Quitman, Georgia 31643

Moreover, my request was to speak before all members of the school board, parents, local press and others that attends such meetings. However, after three e-mails and several phone calls I was denied this right in the State of Georgia; as a Brooks County Family tax paying property owner.

I served my country for over 20 years and have been involved in civil and human righs since 1975 but have never seen such ill treatment of a United States Citizen wherein it is so diffuculy to address ELECTED and/ SELECTED officials within a state. I did not have this much trouble addressing a military school in Ramstein, Germany.

Again my family owns property in Brooks County (43 acreamust) as you will hear on the video below. However this did not matter to the Brooks County President Brad Shealy and those that get requests to address the school board in Quitman and Brooks County Georgia.

I can (only) imagine

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Who voted for Georgia Power’s nuke rate hike (CWIP)?

Who voted for that Nuclear Construction Cost Recovery Rider that appears on your Georgia Power bill, charging you for electricity you won't get from the new plant Vogtle nukes for years?

Project Vote Smart has lists of Yeas and Nays for that Construction Work in Progress (CWIP) charge, which was in 2009’s SB 31, "Energy Rate Increases to Finance Nuclear Power Plant Construction".

Compliments to all who voted Nay to this stealth tax that is slowing down deploying renewable energy in Georgia, delaying the solar and wind clear path to jobs and energy independence. Georgia Power customers can also vote against CWIP with their bill payments.

First let's look at our local delegation:

DistrictWhoPartyVoted
8Sen. Tim GoldenTurncoatYea
174Rep. Ellis BlackTurncoatYea
175Rep. Amy CarterTurncoatYea
176Rep. Jay ShawDemocraticYea

Every one of our local delegation voted for the CWIP rate hike. Here "Turncoat" as a party indicates they were Democrats at the time, but since got re-elected as a Democrat in 2010 and then became Republicans after the election. Democrat Jay Shaw did not run again. His son Jason Shaw ran as a Republican and won. Project Vote Smart is a bit confused by that, and by the party switching, so I've corrected those points in these lists.

Why do the Yeaers want to let Georgia Power charge its customers for electricity they won't get for years, if ever?

Also, notice every Democratic and one Republican co-sponsor of SB-31 is out of office.

Don Balfour (GA – R)
J.B. Powell (GA – D) (Out Of Office)
Chip Rogers (GA – R)
Mitchell W. 'Mitch' Seabaugh (GA – R) (Out Of Office)
Ed Tarver (GA – D) (Out Of Office)
Thorborn 'Ross' Tolleson Jr. (GA – R)

Hm, maybe voting for that nuke boondoggle wasn't good politics….

Here are the complete lists of votes on SB 31 for Senate and House. In the House list there's former Speaker Glenn Richardson not voting! And now he and former Governor Roy Barnes are suing Georgia Power about CWIP.

-jsq

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Powering North Carolina with wind, sun, and water

Here's some hard evidence of FERC Chairman Jon Wellinghoff's assertion back in 2009 that baseload is outdated, we don't need any new nukes or coal, because we can get all the new power we need from sun and wind. This study from North Carolina goes further: we don't need coal or nukes at all.

John Blackburn, Ph.D. wrote a report March 2010, Matching Utility Loads with Solar and Wind Power in North Carolina: Dealing with Intermittent Electricity Sources,

Takoma Park, Maryland, and Durham, North Carolina, March 4, 2010: Solar and wind power can supply the vast majority of North Carolina's electricity needs, according to a major report released today. Combined with generation from hydroelectric and other renewable sources, such as landfill gas, only six percent of electricity would have to be purchased from outside the system or produced at conventional plants.

Hourly Power Generation and Load for a sample day in July

"Even though the wind does not blow nor the sun shine all the time, careful management, readily available storage and other renewable sources, can produce nearly all the electricity North Carolinians consume," explained Dr. John Blackburn, the study's author. Dr. Blackburn is Professor Emeritus of Economics and former Chancellor at Duke University.

"Critics of renewable power point out that solar and wind sources are intermittent," Dr. Blackburn continued. "The truth is that solar and wind are complementary in North Carolina. Wind speeds are usually higher at night than in the daytime. They also blow faster in winter than summer. Solar generation, on the other hand, takes place in the daytime. Sunlight is only half as strong in winter as in summertime. Drawing wind power from different areas — the coast, mountains, the sounds or the ocean — reduces variations in generation. Using wind and solar in tandem is even more reliable. Together, they can generate three-fourths of the state's electricity. When hydroelectric and other renewable sources are added, the gap to be filled is surprisingly small. Only six percent of North Carolina's electricity would have to come from conventional power plants or from other systems."

Six percent is a small number. That means most coal plants could be shut down, and no nukes are needed.

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Cook County schools furloughing teachers

Cook county schools have a budget shortfall problem, and they think they can solve it only by furloughing teachers. Remind me again why we're wasting $1 billion a year on prisons, including private prisons for the profit of private prison shareholders and executives (like CCA CEO Damon Hininger's $3 million a year) and we're furloughing teachers instead?

Greg Gullberg wrote for WCTV 10 May 2012, Teachers in Cook County Face Furloughs,

The Cook County School System is facing a $472,352 deficit. Superintendent Lance Heard tells Eyewitness News reporter Greg Gullberg that the only way out may be to initiate system-wide furlough days and cutting jobs.

"We've done everything we can to maintain the level of education for the students that we've always had and we think we've been able to do that," said Superintendent Heard.

Nothing is set in stone yet, but 488 teachers, staff and administrators, may be facing furlough days next school year. Superintendent Heard hopes to limit them to three to five per employee.

"I would like to say also that when we do take furlough days, they are always none instructional days. The students do not miss any school," said Superintendent Heard.

Yet. Keep on in this direction and the students will be missing school. As it is, they just get less-prepared teachers, for less-effective teaching. But this is not Supt. Heard's fault.

Do we in Georgia want to prepare students for jail, or to succeed in life? Prisons cost we the taxpayers lots of money. Successful young people help pay for everything. Maybe we should choose successful young people, starting with education.

-jsq

Nuclear’s “bet-the-farm” risk —Moody’s

Wonder why Southern Company couldn’t get private financing for its new nukes at Plant Vogtle? Because back in June 2009 bond-rater Moody’s said this:

But from a credit perspective, the risks of building new nuclear generation are hard to ignore, entailing significantly higher business and operating risk profiles, with construction risk, huge capital costs, and continual shifts in national energy policy.

In case that wasn’t clear enough, they spelled it out further.

Nuclear’s “bet-the-farm” risk

The NRC says about 14 companies to date have submitted COL applications, proposing numerous new nuclear reactors for power generation. The first of these COL’s is expected to be approved beginning in mid-2011. Many of the COL license applications include partners, but the next table lists the primary holding company entity behind each project, and our view of the activity level associated with the endeavor.

From a credit perspective, companies that pursue new nuclear generation will take on a higher business and operating risk profile, pressuring credit ratings over the intermediate- to long-term.

Moody’s wraps up with some reassuring words for financiers, but maybe not so reassuring to we the taxpayers:

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New nukes increasingly bad business bet for Southern Company and Georgia Power

Harvey Wasserman wrote for HuffPost 9 April 2012, America’s 2 New Nukes Are on the Brink of Death,

The only two U.S. reactor projects now technically under construction are on the brink of death for financial reasons.

If they go under, there will almost certainly be no new reactors built here.

The much mythologized “nuclear renaissance” will be officially buried, and the U.S. can take a definitive leap toward a green-powered future that will actually work and that won’t threaten the continent with radioactive contamination.

Those are the stakes. And in that high-stakes poker game, it seems Southern Company is doing a little bluffing.

In Southern Company’s (SO) Q1 2012 Earnings Call 25 April 2012, its CEO Thomas Fanning revealed another little flaw in the project:

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Fixing the illusion of certainty in Georgia Power’s decision-making

Why is it so hard to get a company like Georgia Power or The Southern Company to get on with solar and wind power for clean energy, for national energy independence, and, most importantly to such corporations, for their own profit? Why instead do they keep investing in coal and natural gas and wasting our tax and customer dollars on nuclear financial boondoggles? Why did Cobb EMC back new coal plants until they had their nose rubbed in national shame about corruption and do nothing about solar until their shareholders revolted and changed a majority of their board? We don’t even need to wait for that forensic audit the new Cobb EMC board wants to get the big picture. Such companies consider what they’re used to to be low risk, and anything new to be risky. Why are they so stodgy, and how do we change that?

These companies have many decades of experience with coal and natural gas, so they consider them less financially risky. (Details like neighbors dying disproportionately from cancer cost a little bit to buy up property, but that’s nothing compared to readily predictable profits.) Even nuclear such companies consider not risky to them, since they’ve got the federal government and their own customers guaranteeing all the financial risk through Construction Work in Progress charges on their bills for power they’re not even receiving from the new nukes and agreement from Georgia PSC that cost overruns like those caused by concrete sinking into the dirt can be passed on to the customers.

Neal Stephenson wrote for World Policy Journal September 2011, Innovation Starvation,

The illusion of eliminating uncertainty from corporate decision-making is not merely a question of management style or personal preference. In the legal environment that has developed around publicly traded corporations, managers are strongly discouraged from shouldering any risks that they know about—or, in the opinion of some future jury, should have known about—even if they have a hunch that the gamble might pay off in the long run. There is no such thing as “long run” in industries driven by the next quarterly report. The possibility of some innovation making money is just that—a mere possibility that will not have time to materialize before the subpoenas from minority shareholder lawsuits begin to roll in.

But if the old ways turn out to be suddenly risky, change can come. Funny how Cobb EMC changed its tune after subpeonas started raining down for its former CEO Dwight Brown. Sure, he got off on a technicality, but it turns out Cobb EMC shareholders didn’t like Continue reading →

This gang movement —Barbara Stratton

Received yesterday on People, citizens with the same rights as everyone else, being intimidated and bullied –Jeff, another in a series of opinion pieces. -jsq

Please note this comment left on the You Tube video by acon4awhile (I guess this means a conservative for a while. Could this be one of the “Blue Republicans” who have jumped parties to try to get Ron Paul nominated because the Democrats like his promise to legalize drugs and other liberal interests? Good possibility since I first linked to the Blue Republican web site from one of his posts.)

“There’s 2/3rds needed to close the debate over the slate, but just 50% + 1 to pass the slate. So where does this lead? Making people wait so long they have to leave and then vote on the slate that already passed?? I’m assuming there can be a motion to amend the slate passed once some of the original majority have to leave, adhering to a filibuster. I guess we could have been more aggressive, but could have been just as successful. We got 14/28 district and 8/22 state for Ron Paul that day.” acon4awhile in reply to acon4awhile (Show the comment) 1 day ago

This comment speaks for itself. The intent was

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