Tag Archives: risk

Take a stand against the the pipeline –Karen Noll

Received today on Spectra reps unfamiliar with Spectra fines @ LCC 2013-12-09. -jsq

Take a stand against the the pipeline by sending in your comment to FERC.gov. At the website you eRegister and they send you an email. Once registered you can submit a comment on docket # PF14-1. Find below an example of a comment, feel free to copy any or all as you please:

Sabal Trail pipeline proposal poses a significant safety threat to our community through accidents. Leaks from such pipelines in the US have caused explosions and have destroyed homes and killed people 29 times this year alone. Since the proposed pipeline is much larger than any of these recent explosions, a pipeline of 36 inch radius could do extreme damage if such an accident should occur in the Lowndes county area where it is proposed. Not only those living near the pipeline but Continue reading

Potential defects shipped to Farley reactors and four others

No worries about this reactor coolant system defect; Westinghouse says so, and didn’t even list Vogtle or Diablo Canyon, where Southern Company and PG&E said they were going to install these shields. Nevermind a reactor operator warned us back in January. Westinghouse did list “Beaver Valley Unit 2, Callaway, D.C. Cook Unit 1, Farley Units 1 and 2, and Wolf Creek”.

NRC Event Notification Report for July 29, 2013 Event Number 49217:

POTENTIAL EXISTENCE OF DEFECTS IN SHIELD PASSIVE THERMAL SHUTDOWN SEAL SYSTEM

“The defect being reported concerns an identified inconsistency between the intended design functionality of the SHIELD passive thermal shutdown seal (SDS) and that observed during post-service testing.

“The purpose of the SDS is to reduce current reactor coolant system inventory losses to very small leakage rates for a plant that results in the loss of all reactor coolant pump (RCP) seal cooling. The SDS is a Continue reading

Fracking north Georgia

Fracking, coming to north Georgia soon.

Dan Chapman wrote for the AJC Sunday, Gas drillers turn to Georgia

Conasauga Field DALTON, Ga. — Trillions of cubic feet of natural gas believed to lie below the hills of northwest Georgia have remained virtually untouched and unwanted — until now.

Shale gas drilling is slowing across the country, but a handful of companies are poking around this corner of the state looking for the next natural gas “play.” If they succeed, Georgia could join the ranks of states reaping jobs, revenue and fears of environmental damage from energy production, The Atlanta Journal-Constitution has learned….

In Alabama, the Conasauga shale field contains 625 trillion cubic feet of gas, according to Bill Thomas, a geologist who taught at the University of Kentucky and Georgia State. A similar amount could be underground in Northwest Georgia, he added.

Wish I didn’t have to say I told you so: Fracking: coming soon to a state near you? 26 Dec 2012.

No fracking. No nuclear. No biomass. Let’s get on with solar and wind.

-jsq

 

Fracking: coming soon to a state near you?

Lest you think fracking is something that happens only in faraway places like Alberta or Pennsylvania, look at this map of North American shale gas basins, extending right through the Appalachians from Pennsylvania through West Virginia, Virginia, Tennessee, and North Carolina into Georgia, Alabama, and Mississippi.

Source: Canada fracking creates ‘test tube‘ residents in B.C., Alberta,
by Lynn Herrmann for Digital Journal 5 January 2012.

How long before Georgia Power or Southern Company decide natural gas would be even cheaper if they fracked in Georgia or Alabama or Mississippi? How long until unavoidable human error starts fracking polluting our local groundwater and rivers? For that matter, isn’t it bad enough already that other people’s water is fracked for cheap gas in Georgia?

We could just get on with solar power, which doesn’t spill.

-jsq

Frack human error

What do you get in a solar spill? A sunny day. What do you get in a fracking spill? Polluted groundwater and drinking water. When do you get it? Whenever somebody makes a mistake, which turns out to be frequently.

Alberta Finds Mismanagement of Errors Causes Fracking Water Contamination,

“There is no amount of regulation that can overcome human error,” said Alberta’s Energy Resources Conservation Board (ERCB) spokesman Darin Barter. ERCB released an investigation report that cites inadequate management of risks as one of the main causes of a September 2011 accident that contaminated groundwater with toxic hydraulic fracturing chemicals, including the cancer causing agent known as BTEX (benzene, toulene, ethylbenzene, and xylene).

At least the company involved in this particular incident did something about it:

Personnel from Crew Energy told the Calgary Herald the company is “embarrassed” about the accident. Rob Morgan, chief operating officer for Crew said, “there’s no question of our appreciation of the severity of this,” adding, “pretty much all of the personnel who were involved in this particular circumstance are no longer with the company.”

But the groundwater is still contaminated. And where will they find replacement personnel who will never make mistakes?

Meanwhile, a solar spill is called a nice day.

-jsq

 

Ed Asner against horse-and-buggy Turkey Point nuclear boondoggle

Nuclear subsidy CWIP rate hikes for power nobody’s getting yet: it’s not just for nukes for Georgia Power and Coal for Mississippi Power, it’s for Florida Power and Light’s Turkey Point nuke boondoggle! Let Ed Asner explain.

Here’s the video:

FPL CWIP Ed Asner asks why not put that $35 billion to better use:

Why would anyone not want to work on renewable safe and much less expensive solar energy, in the sunshine state?!

Or in the Empire State of the South, for that matter. You know, Georgia, the state where FPL Continue reading

Austin Energy’s Biomass Buyer’s Remorse

Georgia Power’s parent Southern Company (SO) is bragging about selling a 100 MW biomass plant to Austin Energy. Funny how SO’s press release doesn’t mention Austin Energy’s buyer’s remorse. Let’s see why Austin Energy should regret buying biomass.

SO PR 18 July 2012, Southern Company brings nation’s largest biomass power plant on line: Nacogdoches facility contributes to Austin Energy renewables goal

Southern Company SO announced today that the nation’s largest biomass plant is putting electricity on the grid in Texas. Southern Company President, Chairman and CEO Thomas A. Fanning joined state and local dignitaries today at the company’s Nacogdoches Generating Facility to mark commercial operation for the 100-megawatt unit.

Austin Energy is receiving energy from the plant through a 20-year power purchase agreement.

The PR goes on about local jobs and taxes, which could have been produced through building solar or wind generation. How much did that biomass plant cost Austin Energy? Funny how that’s not in the PR!

The City of Austin owns Austin Energy, and the Mayor and City Council are its Board of Directors. Vicky Garza wrote for the Austin Business Journal 20 July 2012, Austin Energy’s buyers remorse for biomass,

Austin City Council Member Mike Martinez wouldn’t mind a do-over on the $2.3 billion, 20-year energy contract the council approved in 2008.

The contract calls for Austin Energy to buy the entire output from the Nacogdoches Generating Facility, a 100-megawatt wood-waste-fueled biomass power plant.

“When the contract was initially brought to Council, it appeared to be a good deal to help us reach our adopted goals for renewables,” Martinez said.

It seemed like a good idea at the time.

$2.3 billion for 100 MW is about $23 per Watt. How does that compare to the 30 MW Webberville solar farm Austin Energy opened this year? 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

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:

Continue reading

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:

Continue reading