Tag Archives: Tom Fanning

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

Georgia Power new acquisition AGL’s Pivotal LNG exporting through Jaxport

Back in May 2015, Southern Company CEO Tom Fanning and Georgia Power CEO Paul Bowers both told me “If we can’t do coal, we have to do pipelines”. I-75 through Atlanta, Macon, Valdosta, I-10 through Lake City A year in the making, Southern Company bought pipeline company AGL Resources. Turns out AGL Resources is also an LNG export company, exporting through Jacksonville by LNG containers on trucks. And the plot thickens with the pending corporate takeover of CSX Railroad by the former CEO of Canadian Pacific, given that CSX depends a lot on carrying coal, which remember is what Southern Company is rapidly getting away from. Could CSX want to carry LNG? Meanwhile, LNG containers are already rolling down I-75 and I-10 to Jaxport, apparently through Atlanta, Macon, Valdosta, and Lake City.

Southern Company PR, 1 July 2016, Southern Company and AGL Resources complete merger, create a leading U.S. energy company, Continue reading

Southern Company buying half of SONAT from KMI

SO is buying 50% of SONAT from KMI, as multiple people have pointed out, including someone from Southern Company. SO: SONAT in the Southeast Unfortunately SO is not just investing in existing pipelines: this purchase is about “specific growth opportunities”, and yes, it’s tied to SO’s recent purchase of AGL. Southern Company needs to stop plugging dying 20th century fossil fuels and get on with what it’s already started with solar power (and offshore wind).

Southern Company PR 10 July 2016, Southern Company, Kinder Morgan enter Southern Natural Gas pipeline strategic venture, 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

Southern Company Annual Meeting @ SO 2016-05-25

Road trip to Callaway Gardens for the annual question time with Tom Fanning, questions provided by environmentalists and Southern Company (SO) stockholders from at least four states.

Energy Mix This figure from page ii of the meeting Notice illustrates both the problem and the solution for Southern Company. Natural gas has replaced coal as SO’s top energy source, and Nuclear is still in there. But renewables are up to 4%. And over on the right of the same page:

  • Growth in Renewables
    Approximately 3,800 megawatts of announced or added renewable capacity since 2012. This includes the development of what is expected to be the largest voluntary solar portfolio in the U.S. (at Georgia Power Company).

Interesting use of “voluntary”, but never mind that. If SO keeps that up, it will Continue reading

Wind and Solar are winning by 2 to 1 over gas and coal

Guess what’s really inevitable, pipeline companies? Solar and wind power.

Utility scare tactics that no coal means pipelines are so much hot air. Scare tactics that no pipelines would mean LNG trains are burnt up by solar power. Stop pipelnes or fracking and stop the other and LNG export along with it. And we’re winning!

Tom Randall, Bloomberg, 6 April 2016, Wind and Solar Are Crushing Fossil Fuels: Record clean energy investment outpaces gas and coal 2 to 1. Continue reading

Alabama Power wants more renewable energy due to corporate customer demand

Southern Company’s subsidiaries are all turning to the sun! Even that titanic ship is affected by the tugboats of its corporate customers.

Ari Phillips, ClimateProgress, 16 July 2015, This Massive Utility Wants More Renewable Energy Because Corporations Are Demanding It,

In June, Alabama Power, one of the country’s largest electricity providers, filed a petition with the state’s Public Service Commission to add up to 500 megawatts of renewable energy over the next six years. The utility, which serves over 1.4 million customers in Alabama, cited customer demand as a primary reason for adding all this renewable energy — specifically corporate customers.

“This program was driven by conversations with customers looking to meet renewable mandates pushed down from their headquarters,” said Tony Smoke, Alabama Power vice president of marketing, in a statement announcing the request. “As a service provider, our focus is to make sure we are providing customers access to choices they want.”

It’s like Southern Company CEO Tom Fanning said in May Continue reading

Georgia Power starts selling rooftop solar tomorrow

For most of June, Georgia Power has had two ads rotating on the 300x225 Sunlight from Georgia Power, in Giving you the power to go solar, by Gretchen Quarterman, 10 June 2015 five LED billboards in Valdosta, saying

Giving you the power to go solar —Georgia Power

When? Tomorrow, July 1st, as Southern Company CEO Tom Fanning said at the SO Stockholder meeting 27 May 2015. Why then? Because that’s when HB 57, aka the Solar Power Free-Market Financing Act of 2015, goes into effect. As Tom Fanning has made his mantra since that meeting:

“If somebody wants to buy distributed generation, I want to sell it to ’em,”

Herman K. Trabish, Utility Dive, 11 June 2015 Inside Georgia Power’s move into the residential solar market: The utility says it will offer solar through an unregulated business, but installers fear possible anticompetitive impacts, Continue reading

Shareholders demand Southern Company stop supporting climate change denial 2015-05-27

It’s not just us gnats anymore, Southern Company now has yellowflies giving it the business about converting from fossil fuels to renewable energy. That’s smart business, since SO called out solar power in its own 2014 Annual Report for increased revenues in both 2013 and 2014. Tomorrow at Callaway Gardens, stockholders including me will vote.

Dave Williams, Atlanta Business Chronicle, 15 May 2015, Southern shareholders to consider ‘green’ vote, Continue reading

Tesla announces prices for home battery

Power generation for both traditional electricity uses and transportation is changing.

Michael Liedtke and Jonathan Fahey wrote for AP and Inc. 1 May 2015, Elon Musk Unveils Tesla’s Ambitious New Home Battery System: “Our goal here is to fundamentally change the way the world uses energy,” Musk told reporters gathered in Hawthorne, California.

The batteries are likely to become more useful if, as expected, more utilities and regulators allow Continue reading