{"id":794,"date":"2012-06-03T08:00:00","date_gmt":"2012-06-03T12:00:00","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/2012\/06\/fukushima-destroying-nuclear-owning-electric-power-utilities.html"},"modified":"2012-06-03T08:00:00","modified_gmt":"2012-06-03T12:00:00","slug":"fukushima-destroying-nuclear-owning-electric-power-utilities","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2012\/06\/fukushima-destroying-nuclear-owning-electric-power-utilities.html","title":{"rendered":"Fukushima destroying nuclear-owning electric power utilities"},"content":{"rendered":"

\nThe world’s worst nuclear disaster at Fukushima in Japan has had
\neconomic effects on nuclear-owning power utilities.
\nWhat will happen to the Southern Company
\nas Georgia Power customers and U.S. taxpayers
\nget tired of paying for cost overruns
\n
\nwhich are already almost a billion dollars?<\/a>\n<\/p>\n


\n<\/a>
\nErik Kirschbaum wrote for Reuters 26 May 2012,
\n
\nGermany sets new solar power record, institute says<\/a>,\n<\/p>\n

\n

\nThe German government decided to abandon nuclear power after the
\nFukushima nuclear disaster last year, closing eight plants
\nimmediately and shutting down the remaining nine by 2022.\n<\/p>\n<\/blockquote>\n

\n
\n<\/a>
\nAnd closing those nuclear plants caused German electric utility
\n
\nE.ON to lay off up
\nto 11,000 staff, to take its first quarterly loss in a decade, and to
\ncut its shareholder dividend.<\/a>
\nAccording to Forbes,
\nE.ON
\n
\nin 2006 was the biggest electric utility in the world<\/a>
\n
\n<\/a>
\n(and TEPCO, owner of the Fukushima nuclear plants, was number 6).
\nIn March 2012, E.ON was
\nnumber 22<\/a>.
\n(TEPCO dropped from number 6 to
\n
\nnumber 45<\/a>.)
\nSouthern Company (SO) jumped from number 16 in 2006
\nto
\n
\nnumber 6 this year,<\/a>
\nquite possibly because E.ON and TEPCO and others dropped so rapidly.\n<\/p>\n

\nHm, I wonder what Southern Company’s nukes,
\n
\nalready almost $1 billion over budget,<\/a>
\nwill do to SO’s ranking in Forbes’ list of top utilities?
\nMaybe there’s a reason
\n
\nMoody’s called nuclear “a bet-the-farm risk”.<\/a>
\nWhat will SO do
\n
\nwhen this big nuclear bet goes bad?<\/a>
\nAnd how big a bill do Georgia Power customers and we the taxpayers
\nwant to let SO run up that we’ll get stuck with?\n<\/p>\n

\n-jsq<\/p>\n","protected":false},"excerpt":{"rendered":"

The world’s worst nuclear disaster at Fukushima in Japan has had economic effects on nuclear-owning power utilities. What will happen to the Southern Company as Georgia Power customers and U.S. taxpayers get tired of paying for cost overruns which are already almost a billion dollars? Erik Kirschbaum wrote for Reuters 26 May 2012, Germany sets […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97,142,14,8,18,558,2,19,104,21,22,23,24],"tags":[8736,2382,2383,8746,2381,315,8704,1060,8701,8708,8781,8699,8709,8737,8711,8712,8713,8714,108,60,166],"class_list":["post-794","post","type-post","status-publish","format-standard","hentry","category-activism","category-cwip","category-economy","category-georgia","category-georgia-power","category-germany","category-government","category-history","category-nuclear","category-planning","category-politics","category-renewable-energy","category-solar","tag-activism","tag-bailouts","tag-bill","tag-cwip","tag-disaster","tag-e-on","tag-economy","tag-forbes","tag-georgia","tag-georgia-power","tag-germany","tag-government","tag-history","tag-nuclear","tag-planning","tag-politics","tag-renewable-energy","tag-solar","tag-southern-company","tag-tax","tag-tepco"],"_links":{"self":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/comments?post=794"}],"version-history":[{"count":0,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/794\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/media?parent=794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/categories?post=794"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/tags?post=794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}