Tag Archives: Southern Company

PSC Commissioner Moves for Georgia Power to Stop Collecting Nuclear Tax

bubba-2by Gloria Tatum
6/11/17 (APN) ATLANTA — Georgia Public Service Commissioner Lauren “Bubba” McDonald (District 4) filed a motion to give Georgia Power ratepayers a break by asking the company to suspend collecting the nuclear construction tax, or CWIP.

But it had as much chance as a snowball in hell of being honored by the PSC or Georgia Power.  The Commission voted to hold the motion and refer it to the Georgia Attorney General for an opinion, in a four to one vote on June 06, 2017.

“I move that the Commission request that the Company voluntarily agree that as of July 1, 2017, it will stop collecting any financing charges under the Nuclear Construction Cost Recovery (NCCR) tariff,” McDonald’s motion read.

“Effective July 1, 2017, the Company will utilize Allowance for Funds Used During Construction (AFUDC) accounting treatment on the Construction Work in Progress (CWIP) balance of all Unit 3 and 4 capital costs,” the motion stated.

Read the whole article: Atlanta Progressive News

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Southern’s path to ‘first’ new reactor filled with pitfalls

image_asset_18775by Kristi Swartz
6/8/17: Southern Co.’s nuclear expansion project in Georgia was behind schedule even before it got started.

Contractor Westinghouse Electric Co. LLC and the Nuclear Regulatory Commission grappled with design changes for the new AP1000 technology, delaying the agency’s issuance of the major construction license by four months in 2012.

They’ve never been able to catch up.

The delay was small at the time because Southern’s Georgia Power unit and the contractors said they could make up the time in some way. What’s more, the schedule slip meant little compared with the broader story: Georgia Power was restarting the nuclear industry after 30 years with Plant Vogtle.

The twin reactors would start producing electricity in 2016 and 2017.

Read the whole article: E&E News

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Vendors line up to demand returns from Westinghouse

Vogtle_eye_viewby Kristi E. Swartz
4/20/2017: Roughly 30 vendors have asked Westinghouse Electric Co. to return $35 million in materials and products that the mega-contractor ordered for four nuclear reactors in Georgia and South Carolina before the company filed for Chapter 11 bankruptcy protection, documents show.

At issue are “reclamation of claim” letters, which are routine during a matter of bankruptcy. Broadly, they allow vendors to ask that unpaid materials and goods ordered within 45 days of a bankruptcy filing be set aside and returned.

Read the whole story: E&E News

 

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Cost of Westinghouse collapse turns up heat on Scana, Southern

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by Kristi Swartz
4/14/17: Scana Corp. executives might extend a contract with Westinghouse Electric Co. LLC as the utility decides whether to complete its multibillion-dollar nuclear power expansion in South Carolina.

Meanwhile, Southern Co.’s Georgia Power unit has yet to decide whether it needs more time to figure out how to proceed with its twin reactors under construction in Georgia.

Read the whole story: E&E News

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‘Every option’ being looked at for Plant Vogtle after contractor’s bankruptcy

newsEngin.18249486_022215-nuke-price-bs18by Russell Grantham
ATLANTA 3/30/17: A day after its key contractor filed bankruptcy, Georgia Power said Thursday it is looking at all options for what to do with its unfinished Plant Vogtle nuclear project.

“Every option is on the table,” Georgia Power attorney Kevin Green told members of the Georgia Public Service Commission, which regulates the Atlanta-based utility.

Westinghouse Electric, which is supplying the reactors and overseeing construction of two new reactors at Plant Vogtle near Augusta, filed for Chapter 11 Wednesday, largely as a result of billions in losses on the Vogtle project and another in South Carolina.

Read the whole article: Atlanta Journal-Constitution

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Time for a nuclear apology from your power company

fanningby Matt Kempner
ATLANTA 3/29/17: Sometimes, even rah-rah cheerleading isn’t enough to make a bad situation look good.

That’s a shame for Georgia Power, because the CEO of its parent has tried to make the company’s nuclear misadventure look like a puffy cloud on a pretty spring day.

Four years ago, when the project to expand nuclear power at Plant Vogtle was already more than a year and a half behind schedule, Southern Co. chief executive Tom Fanning declared that work was moving along in “spectacular fashion.” The company said no further delays were expected on the complex .

Last year, with delays and costs having grown dramatically, Fanning said work on the two new nuclear units was going “beautifully.”

Read the whole story: Atlanta Journal-Constitution

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Regulators order end to Kemper rate increase, plan refunds

19gibo.AuSt.77JACKSON, Miss. 7/7/1 –  Regulators on Tuesday ordered Mississippi Power Co. to lower rates later this month and plan for customer refunds by November.

In issuing the order, the Mississippi Public Service Commission voted 3-0 to comply with a state Supreme Court order that found illegal a 2013 rate increase for the $6.2 billion plant.

Read the whole article: The Sun Herald

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Regulators Discuss Kemper Refunds for Miss. Power Customers

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JACKSON, Miss. (AP) 7/7/15 — Mississippi regulators plan to discuss at a Tuesday meeting how to obey a state Supreme Court order to refund about $350 million that Mississippi Power Co. has collected from customers to build a power plant in Kemper County.

The Supreme Court ruled in February that an 18 percent rate increase was illegal because regulators didn’t conduct hearings to ensure Mississippi Power was spending prudently on the $6.2 billion Kemper plant. It also ruled that regulators used an illegal rate structure, didn’t notify all ratepayers and broke public meetings law by negotiating a deal in private.

The Public Service Commission, Mississippi Power and some business groups asked the court to reconsider, but the court reaffirmed its ruling in June.

Now, commissioners must sort out how the refunds will be issued.

Read the whole article: The Jackson Free Press

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Georgia Power Getting into the Solar Panel Financing Business

georgia-power-solar-panels-300x199

by Gloria Tatum
ATLANTA 6/26/15 — July 01, 2015, is going to be a big day.  The Solar Power Free-Market Financing Act, HB 57, sponsored by State Rep. Mike Dudgeon (R-Johns Creek), will go into effect, thus opening up solar panel options for Georgia residents and businesses.

On the same day, Georgia Power is planning to announce that one of its unregulated subsidiaries is going to get into the solar panel installation business.

Read the whole article: Atlanta Progressive News

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Southern Power passes 400 megawatts of solar power in Georgia

BUTLER 6/24/15 — solar-panel-3-750xx4000-2250-0-209Southern Power bought the 20-megawatt Butler Solar Farm from Strata Solar, bringing its total solar generation development in the Peach State to more than 400 megawatts.

The unit of Atlanta-based Southern Co. (NYSE: SO) did not disclose financial terms.

The latest acquisition will be on 150 acres in Taylor County, Ga., about one mile from the previously acquired 103-megawatt Butler Solar Facility. The Butler Solar Farm is expected to enter commercial operation in the fourth quarter of 2015. It will use more than 263,000 of First Solar Inc.’s thin-film photovoltaic solar modules.

Read the whole article: Atlanta Business Chronicle

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