Tag Archives: Tom Fanning

Utility-owned rooftop solar: Tom Fanning and Steven Chu agree

Tom Fanning is getting support for his idea of utility-owned rooftop solar. Can we see that tiger team report, Tom? And FPL, how about you get on with this, instead of trying to gouge an unneeded yard-wide methane pipeline through here? Sun, wind, and water can power each U.S. state, so how about FPL in the Sunshine State and Southern Company in the southeast get out in front and lead?

Jeff McMahon wrote for Forbes yesterday, Steven Chu Solves Utility Companies’ Death Spiral,

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 solar business.

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Earthquake busts Augusta water tower: what about Plant Vogtle?

Less than two years after Southern Company CEO Tom Fanning assured us

It is not in a seismic-sensitive area.

Fanning also claimed the technology was safe, before SO failed to get a reactor vessel from Savannah to the site, and before a renewed scandal revealed Korea’s document-forging Doosan supplies that “safe” nuclear technology. How safe will Plant Vogtle be in a bigger earthquake? How safe is it even without an earthquake? Not safe for the ratepayers or the taxpayers of Georgia or the U.S.

Mark Sandritter wrote for SBNation yesterday, Augusta National water tower leaking after Georgia earthquake, per report, Continue reading

All new U.S. energy was solar in October 2013

While ten nukes were shut down or cancelled in 2013, solar power continues its compound-interest-curve ever-faster deployment. Zero (0) new nukes were built in 2013 and in October all new U.S. utility-scale power was solar. Unfortunately, the biggest of those was Southern Company’s Campo Verde, which powers California, not Georgia or the southeast, but that is changing now.

Todd Woody wrote for The Atlantic 26 November 2013, Solar Energy Was America’s Sole New Power Source in October: Get ready for a photovoltaic building boom.

In October, power plants generating 530 megawatts of electricity came online in the United States. And every single electron put on the grid came from the sun, according to a report released today.

That’s apparently not even counting rooftop solar.

The report is Solar the sole capacity completed in October, at 530 MW, by Althena Enguerra for SNL 25 November 2013. Continue reading

Utilities can’t take the solar heat

Utilities are trying increasingly desperate tactics in their losing battle against distributed rooftop solar power. It’s time for them to get out in front and lead instead.

Clare Foran wrote for NationalJournal Are Utilities Wilting From Heat of Solar Competition?

Regulatory battles over solar power payment models played out in several states this year. And as the dust settles, solar providers are claiming victory. Utilities, on the other hand, are trying to reframe the conversation entirely by insisting they aren’t an enemy of solar.

After discussing utlities’ attempts to bash net metering, she notes the Sierra Club hard-won victory over the ALEC solar tax:

In November, Georgia Power backed down Continue reading

VDT links Plant Vogtle nuke cost overruns to Kemper Coal

Even the VDT has caught on to cost overruns for Kemper Coal and the new nukes at Plant Vogtle.

VDT posted an AP article 29 July 2013, Miss. deal may figure into Georgia nuclear plant, and Charlotte Observer posted it the day before, including Ray Henry as the author,

In Mississippi, the Southern Co. utility took financial losses when the cost of building a new power plant went over budget. In Georgia, another of the company’s projects is going over budget, but it has not yet taken a financial hit.

Southern Company subsidiary Mississippi Power promised utility regulators that it would charge its customers only for $2.4 billion in costs for building a coal-fired power plant in Kemper Country. Those customers will also have to pay off another $1 billion in bonds for the project, though the utility cannot make a profit off that borrowed money.

The utility’s deal in Mississippi has become a point of debate as Georgia regulators consider who should pay for the increased cost of building two more nuclear reactors at Plant Vogtle (VOH’-gohl), southeast of Augusta. Public Service Commissioner Tim Echols said he wants Southern Co. subsidiary Georgia Power to consider a Mississippi-style deal here, and Georgia regulators are carefully tracking financial developments in Mississippi.

Echols said he was interested in the idea of a project spending cap.

“I’m sure when they made that deal they didn’t think they were going to over the cap, but they did,” Echols said.

Oh, come now, they went 26 times over budget last time. Why would anyone believe Continue reading

Southern Company backed off on cost overrun request

Fitch reaffirmed SO’s and Georgia Power’s (and Mississippi Power’s) ratings today after Southern Company backed off a week ago from risking losing the larger cost overrun request to GA PSC. Beware: SO will be back, when maybe fewer people are looking. Or maybe that tiger team will issue its summer report and the titanic Southern Company ship will finally change course towards distributed solar and wind power.

Jonathan Shapiro wrote for AP 31 July 2013, AP: Georgia Power To Waive Request for Extra Vogtle Costs

[Southern Company] CEO Thomas Fanning told analysts Wednesday that the Atlanta-based company reached a preliminary deal with Georgia officials.

Under the plan, the company would only seek right now to collect the $209 million that it spent building the two new reactors at Plant Vogtle from July to December.

The company would waive Continue reading

German wind overpowering?

The biggest wind problem in Germany is it produces too much power? Fortunately there are two well-known simple solutions to this problem raised by GA Public Service Commissioner Tim Echols in a comment yesterday. I do want to thank him for engaging in dialog with the public.

Tim Echols wrote:

eeX DE wind 2013-07-20 We need nuclear, coal and gas as our baseload power. Germany is doing the opposite and they are in trouble. Their people pay triple what we pay for power, and when the wind is blowing at night or on the weekend, the Germans have to pay Poland to take their excess power. All of that primarily because the German people hate nuclear power. In Georgia, we are leading the nation, and I am fine with that. I just want to make sure our ratepayers are protected and not paying for the learning curve of new nuclear.

As FERC Chairman Jon Wellinghof has been pointing out for years, baseload is the problem. The baseload ideology stands in the way of the distributed solar power the vast majority of the American people want, and in the way of wind power.

Regarding German power costs to customers, Germany is far north of here, with far less sun, and Germany has depended heavily on Feed-In Tariffs, which may or may not be what we need in Georgia. Meanwhile, what’s been hiking power rates in Georgia is not solar or wind power, it’s nuclear and natural gas. And not for Feed-In Tariffs, either, which are only charged on actual energy production. The Georgia legislature approved Construction Work in Progress (CWIP) for nuclear, and GA PSC has raised rates to pay for natural gas plant construction, which amounts to the same thing. If we want to save ratepayers money, we should get on with solar and wind power.

Now to the problem with two well-known solutions: Continue reading

Why are you gambling on nuclear instead of solar? –Gloria Tatum @ SO 2013-05-22

Why is SO gambling our health and dollars on Plant Vogtle when Georgia Power could be getting on with solar power? SO CEO Tom Fanning avoided the first part of Gloria Tatum’s question by simply denying it, and danced around the second part by saying the rate hike for Plant Vogtle’s cost overruns would only be 6 to 8 percent, not 12 percent. Do you want to pay 6 or 8 percent more for a radioactive white elephant when you could be getting power from the sun for less?

The floor person at the 22 May 2013 Southern Company Stockholder Meeting introduced Gloria Tatum with 164 shares, representing Nuclear Watch South, and the SO CEO insisted

TF: Call me Tom. Gee whiz.

Gloria Tatum GT: Tom. Hi,Tom. It’s great to be here on this beautiful day.

TF: Thank you. Yes ma’am.

GT: And I know Southern Company’s done many wonderful things, but I want to point out a few things to you today.

First, you know, after the Fukushima meltdown, TEPCO’s $50 billion nuclear complex became a worthless liability. The deadly radiation still circles the planet, polluting the earth and increasing cancer. Other countries have abandoned their nuclear and they’re looking to renewable, but Southern Company’s affiliate, Georgia Power, continues construction on two new nuclear reactors at Plant Vogtle. Now Shell Bluff is a community down the stream from Plant Vogtle and it has experienced a 25 percent increase in cancer since Vogtle 1 and 2 have been built.

Another problem with Vogtle Continue reading

Southern Company downgraded because of coal and nukes –two analysts

It’s not like they weren’t warned, about coal and about nukes. It’s not Standard & Poor’s this time, but that could happen soon, too. SO’s biggest part, Georgia Power, is neck-deep in nukes, as Edison Electric Institute’s warning about the disruptive challenge of distributed solar starts to affect its parent’s stock price.

Zacks.com wrote 21 June 2013, Southern Company Slips to Sell – Analyst Blog

On Jun 20, Zacks Investment Research downgraded electric utility firm, Southern Company ( SO ), to a Zacks Rank #4 (Sell).

Why the Downgrade?

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Kemper Coal Crashes Southern Company Rating and Stock Price

Standard & Poor’s lowered Southern Company’s rating from stable to negative because of the risks of Kemper Coal in Mississippi, and SO’s stock price plummetted. This was immediately after activists grilled SO on that and other topics at the SO stockholder meeting. Wait ’till S&P catches on to the risks of SO’s 19-months-late and $1 billion-over-budget nukes at Plant Vogtle in Georgia! Or SO’s non-action so far on the challenge of distributed solar.

Kristin Jones wrote for WSJ 24 May 2013, S&P Lowers Outlook on Southern Co., Noting Project Risks,

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