The Southern Co.’s aggressive sales of assets helped it retain its credit rating, despite financial losses at Georgia Power that relate to Plant Vogtle. Those losses prompted Moody’s Investors Service to downgrade Georgia Power’s credit rating.
Tag: Georgia power
Posted inLatest News
Plant Vogtle: Construction status reports by Georgia Power, Moody’s Investors Service
A new report on the construction status of the Vogtle nuclear plant, released Wednesday by Moody’s Investors Service, provides greater detail than a May 10 statement released by Georgia Power and cites a number of risks that could further delay the plant’s opening date.
Posted inLatest News
Georgia’s wannabe electricity regulators talk nuclear, solar, power bills at debate
What members of the Public Service Commission do affects your power bill every month and the mix of coal, nuclear and other electricity sources Georgia uses. That’s why environmentalists watch it closely. Now the candidates for the PSC are showing up on primary ballots all over the state — and on Thursday, they faced off in debates.
Posted inLatest News
Georgia recognizes three companies for environmental stewardship
Two timber companies and Georgia Power were honored Wednesday by Gov. Nathan Deal for their environmental stewardship and land management practices. The Forestry for Wildlife Partnership recognizes the importance of private landowners in preserving the state’s wildlife and landscape.
Posted inLatest News
State Sen. Chuck Hufstelter questions financial plan for Plant Vogtle
At Friday morning’s Sustainable Atlanta Roundtable (SART), State Sen. Chuck Hufstetler (R-Rome) strongly criticized the financial plan to pay for the two new nuclear power plants at Plant Vogtle.
Hufstetler, chairman of the Senate Finance Committee, openily criticized Senate Bill 31 that passed in 2009 that approved the financial plan for Plant Vogtle. It was called the Georgia Nuclear Energy Financing Act, which permitted the utility to begin recovering the costs of financing the construction of the new nuclear plants from consumers before they came on line.
Posted inMetro Business, Thought Leader
Atlanta Courts Companies and Investors in NYC and Declares Itself “Center of Holiday Shopping and Entertaining”
More than 30 executives from leading Atlanta companies, such as UPS, The Home Depot, First Data, Intercontinental Exchange and Mercedes-Benz USA, convened in New York City to celebrate the region’s success in business, talent attraction and innovation. With Fortune 500 and high-growth companies represented, metro Atlanta is the first U.S. region to gather at the […]
Posted inLyle Harris
Georgia Power vs. the law of holes
By Lyle V. Harris
Georgia Power is likely to get another shot-in-the-arm after announcing plans to complete construction on those ill-fated nuclear reactors at Plant Vogtle near Waynesboro. A far more appropriate response to this epic boondoggle, of course, would be a swift kick in the pants. But don’t count on it.
Posted inLatest News
Southern Co. decides to move forward on Plant Vogtle project
Atlanta-based Southern Co. has decided to push forward with completion of an over-budget, behind-schedule nuclear expansion at Plant Vogtle rather than give up on what has ballooned into a $25.2 billion project.
Southern affiliate Georgia Power Co. filed a recommendation Thursday with the state Public Service Commission (PSC) to continue construction at the nuclear plant south of Augusta, Ga. The project’s co-owners, Oglethorpe Power, MEAG Power and Dalton Utilities all supported the recommendation, Paul Bowers, chairman, president and CEO of Georgia Power told Atlanta Business Chronicle in an exclusive interview minutes after the announcement.
Posted inColumns
“Grieving” for Plant Vogtle has begun. What now?
It’s official: those responsible for the epic, multi-billion dollar construction failure unfolding at the Plant Vogtle nuclear plant are starting to experience the Five Stages of Grief.
Posted inLatest News
PSC approves Georgia Power’s plan to build solar facilities at Robins AFB, plus two cities
The Georgia Public Service Commission on Tuesday authorized Georgia Power to build three solar facilities that are to generate a total of 142 megawatts of electricity. The facility planned at Robins Air Force Base is to account for 139 MW of that power.
Posted inColumns
Fearing journalism’s nuclear meltdown
You probably wouldn’t know it from checking our local media outlets, but Georgia Power, the state’s largest electric utility, is at the center of one of the biggest consumer shakedowns in state history – and there could be more bad news on the way.
Posted inLatest News
Texas city offers lesson for Georgia as renewable energy debate unfolds
Dale Ross is fond of saying that a business decision is at the root of the plan in Georgetown, Texas to switch over to 100 percent solar and wind energy in 2017. Ross says renewable energy is a better deal for residents of the city he serves as mayor.
Posted inDavid Pendered, Latest News, Main Slider
Georgia adds solar jobs as Georgia Power seeks to buy additional 100 MW of solar power
Georgia added about 285 solar jobs in 2015, moving the state to 15th place in the nation in terms of the number of solar jobs, according to the 2015 jobs census by The Solar Foundation.
Posted inDavid Pendered, Latest News, Main Slider
Settlement over Plant Vogtle cost overruns seen as positive development
A settlement reached by the owners and contractors who are developing two nuclear plants at Plant Vogtle is expected to enable state utility regulators to certify the higher costs estimates and schedule announced earlier this year.
Posted inDavid Pendered
Atlanta to produce solar energy at five solar farms, including two at airport, sell to Georgia Power
Atlanta intends to generate solar power and sell it to Georgia Power through a planned public-private partnership with a Chicago-based energy firm.
The Atlanta City Council on Monday authorized Mayor Kasim Reed to enter negotiations with New Generation Power, Inc. Terms call for a 20-year ground lease with the solar company, and for the firm to deliver, install and maintain photovoltaic panels and related equipment.
The city intends to lease land for solar farms at three landfills, which are closed, and at two sites at Atlanta’s airport, according to provisions of the legislation. The company is to pay all costs associated with the project, and its website says it has funds available through its shareholders, partners, and lending institutions.
Posted inDavid Pendered
Former EPA administrator discusses Georgia Power rate case, role of nuclear power in nation’s energy mix
Georgia’s utility regulator made the right decision in allowing Georgia Power to raise rates to pay for power plant upgrades before the work is complete, according to former EPA administrator Christine Todd Whitman.
“What that does is prevent a cliff from developing, where you have to recover costs all at once,” Whitman said. “We have aging infrastructure. That’s a challenge everyone is facing across the country.”
Whitman spoke with saportareport.com discuss her concerns about a guest column on solar power. The conversation covered a variety of policy issues related to the nation’s power supply and delivery system.
Posted inDavid Pendered
Millennials favor coal-fired power plants, Georgia Power rate hike, says poll released by Sierra Club
Young Georgia voters strongly favor the proposed Georgia Power rate hike and fewer than half support shifting from coal to renewables to generate electricity, according to a results of a poll by the Georgia chapter of the Sierra Club.
The polling company advised against reading too much into results from the millennials because the margin of error for the age bracket is 13.2 percent, compared to 3.23 percent for the total poll. The broader results of the poll show widespread opposition to the proposed rate hike and strong support for shifting away from coal-fired power plants.
Georgia Power is requesting to hike its rates in order to raise $873 million. Georgia’s Public Service Commission is slated to vote on the proposal Dec. 17, following a decision Thursday morning by a PSC committee to schedule the matter for a vote by the full commission.
Posted inDavid Pendered
ARC’s first reorg in a generation aims to meet region’s emerging needs
The Atlanta Regional Commission is embarking on its first reorganization in a generation, in order to meet the demands of the post-recession paradigm that’s emerging from the public and private sectors.
Silos of expertise are to be replaced by collaborative teams. An example of the new approach would be for ARC planners to examine mobility rather than transportation – a shift that frames the issue in a fashion that begs for broader solutions.
“Because we are changing in so many ways as a region, ARC realizes we have to be more adaptable to help local governments solve more problems,” said Doug Hooker, ARC’s executive director.
