Tag Archives: Southern Company

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

Homerville, GA pipeline explosion 2018-08-17

A pipeline much smaller than Sabal Trail destroyed a business in Homerville, Georgia yesterday.

Coffee Corner demolished, Homerville, GA, Picture
Photo: GA Insurance and Fire Commissioner, of Coffee Corner demolished, Homerville, GA.

So small the U.S. agency supposedly responsible for safety doesn’t even show it in its maps. A pipeline is owned by Southern Company, and apparently originates on my property, starting from another pipeline half-owned by Southern Company.

That SONAT pipeline in 2014 was snagged by a dirt road ditch puller, sending a plume of dust 300 feet into the air. If there had been a spark, people I’ve known all my life might not have had homes to go back to.

So why does Sabal Trail claim its 500-mile-long IED is safe? And why is Southern Company wasting our resources and risking our safety by buying into pipelines while ramping down its new investments in solar power?

Brunswick Daily News, 17 August 2018, The Latest: Leaking gas blamed for coffee shop explosion, Continue reading

Solar and wind can power Georgia

Solar power is here right now. Georgia is #10 in the nation (up from #22 in 2017) by solar deployed (1,552.98 MW) and #7 in projected growth, according to the Solar Energy Industries Association (SEIA). That’s ahead of Florida, but still behind much farther north New Jersey and Massachusetts, which have less sun.

Graph: Top 10 Solar Power States, SEIA, Paul Horn, Inside Climate News
Graph: Top 10 Solar Power States, SEIA, Paul Horn, Inside Climate News

This Georgia solar improvement is despite Southern Company and Georgia Power cutting back on renewable energy investment last year and a hostile federal administration.

Graph: Georgia's Solar Boom, SEIA and Paul Horn, InsideClimateNews
Graph: Georgia’s Solar Boom, SEIA and Paul Horn, InsideClimateNews

Sheer economies of scale continue decreasing solar prices and driving more solar installations, with more jobs. Continue reading

Southern Company Stockholder Meeting 2018-05-23

This year the Southern Company annual report says increased energy revenues were “primarily due to increases in renewable energy sales”, yet Southern Power is selling off a third interest in its solar facilities. Why? To pay off debt from its failed Big Bet on Plant Vogtle nukes, and its new Big Bet on stranded assets in natural gas pipelines. I don’t think the future lies that way, Tom Fanning, abandoning solar power and getting in bed with Sabal Trail.

When: 10AM Wednesday, May 23, 2018
9AM breakfast

Where: The Lodge Conference Center at Callaway Gardens,
4500 Southern Pine Drive, Pine Mountain, Georgia 31822

What: Southern Company Annual Stockholder Meeting

Facilities in Operation or Development as of March 20, 2018, Annual Report
Facilities in Operation or Development as of March 20, 2018, Annual Report

Why would Southern Company sell off the assets that generated the most increase in revenue? On page 46: 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

The real worst and best cases of climate change

What do you want? The planet Venus? The current degraded Earth? Or a better world we know how to create?

What if it's a big hoax and we create a better world for nothing?
Joel Pett, Lexington Herald Leader, 18 March 2012, The cartoon seen ’round the world

Mostly I post about solar and wind power winning, which is what I think is happening. But sometimes it’s worth a reminder of what could happen if we do nothing about climate change, and I posted on my facebook page a story about that. Which actually didn’t go far enough to the real worst case. Nonetheless, that story has been attacked by numerous parties of all political and scientific and unscientific stripes for being too doom and gloom. Yet none of the attackers bothered to mention a best case beyond “the same world we have now”. I have news for you: the world we have now is an ecological catastrophe, and we can do a lot better. So here’s the real worst case, the current case, which is far from the best of all possible worlds, and the real best case, as I see it. Plus what we can do to head for the best case.

grinning fossilized skull

First, the story I posted: David Wallace-Wells, New York Magazine, 9 July 2017, The Uninhabitable Earth: Famine, economic collapse, a sun that cooks us: What climate change could wreak — sooner than you think. Notice that word “could”, which a lot of his critics seem to have ignored. He didn’t say “will”, and he clearly labeled what he was presenting as worst case scenarios.

In case anybody thinks he was making any of that stuff up, Wallace-Wells has also linked to an annotated version with footnotes for every substantial assertion. The annotated version notes at the top: Continue reading

Major climate change victory in U.S. House on Bastille Day 2017-07-14

On the anniversary of the French Revolution against a corrupt old regime, the U.S. House of Representatives took a step towards independence from the clammy grip of the fossil fuel companies. This has direct implications on Moody AFB. No more pipelines. Solar power now.

Bethany Allen-Ebrahimian, 14 July 2017, In Landmark Move, GOP Congress Calls Climate Change ‘Direct Threat’ to Security: Extreme weather and rising seas threaten bases from Virginia to Guam. For the first time, a Republican House has voted to recognize that.,

One study last year found that rising oceans threaten 128 military installations on the coasts, including naval facilities worth around $100 billion.

The Pentagon has been aware for years of Continue reading

Solar-powered wastewater treatment plants in the southeast

Georgia Power is still digging in its heels about solar power even for cities. Georgia Power CEO Paul Bowers and Southern Company CEO Tom Fanning: it’s time for you to lead the southeast into the sun, not, like King Canute, to try to hold back the sea-change to solar power.

A closer view of the solar panel array at Mud Creek Wastewater Teratment Plant
A closer view of the solar panel array at Mud Creek Wastewater Teratment Plant.
Photo: submitted to VDT, apparently by City of Valdosta.

Terry Dickson, Florida Times Union, 4 July 2017, Southeast Georgia cities turning to solar power to save money on wastewater treatment, Continue reading

Southern Company Shareholder meeting: renewables more than doubled in one year 2017-05-24

While its natural gas percentage remained flat, and coal and nuclear decreased, Southern Company (SO) more than doubled its renewable energy generation percentage in one year. Maybe I’ll mention that at the annual shareholder meeting in May.

2017 Mix:
2017 Energy Mix
2016 Mix:
2016 Energy Mix

When: 10:00 a.m., ET
Wednesday, May 24, 2017

Where: The Lodge Conference Center
Callaway Gardens
4500 Southern Pine Drive
Pine Mountain, GA 31822-2593

Event: Annual Southern Company
Shareholder Meeting

Southern Company has all its SEC filings online, including Continue reading