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.
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.
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
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 →
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!
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 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.
…the solar-EV combo may just be too good for suburbanites to pass
up — no matter their political ideology. Strikingly, the new
paper estimates that for a household that buys an electric vehicle
and also owns a solar panel system generating enough power for both
the home and the electric car, the monthly cost might be just $89
per month — compared with $255 per month for a household
driving a regular car without any solar panels.
Time to break out of the utility death spiral by breaking
away from cost overruns at Kemper “clean” Coal
and the Plant Vogtle nuclear boondoggle
and getting on with real renewable solar and wind power.
Reducing to Sell on continued delays for the Kemper IGCC project
With further delays and increased costs for the Kemper IGCC project
resulting in yet another $380M of writedowns (further slippage
costing $25M/month) and now the likely loss of $120M-$150M of bonus
depreciation as well, we view the current premium P/E multiple as
While the Vogtle nuclear project appears to be on track,
the presence of two major risky projects, Continue reading →
Utility companies have been looking for new regulations and higher
connection charges to save them from a “death spiral”
spurred by a surge in rooftop solar installations. Instead, says
former Energy Secretary Steven Chu, they should get into the rooftop