This is first in a series of blogs about Toshiba’s financial meltdown and the implications this is having on new nuclear power plant projects. Today’s blog serves as an overview.
Coverage of the still-unfolding financial meltdown of Japanese tech-mogul Toshiba has been growing since late December when the massive financial losses were first divulged. Toshiba’s much anticipated earnings report call yesterday, which was expected to shed light on the situation, was delayed with permission from Japanese regulators until March 14. Toshiba still reported extremely bad news, much larger losses than earlier predicted and the selling-off of key Toshiba assets.
Below is a guest column from Grant Miller with Miami’s Community Newspapers. His column originally ran on February 6, 2017 and can be found here. We Pay for FPL’s Mess In case you haven’t heard, Japan’s Toshiba is in financial free-fall and is pulling its subsidiary Westinghouse out of the nuclear construction business due to [...]
Solar supporters in Florida scored a major victory this November by defeating utility-backed Amendment 1. The ballot initiative would have paved the way for Florida utilities to dismantle net metering for solar customers. This would have severely stunted the state’s distributed roof top solar market.
Christmas may be 25 days away, but it came early for the state’s biggest power company, Florida Power and Light (FPL). The monopoly utility just got the top item on their wish list – a massive rate hike, which will raise profits substantially, after already raking in over $1.6 billion in profit last year.
This is a guest post from David Pomerantz, executive director of the Energy and Policy Institute. Prior to joining EPI, David spent eight years working with Greenpeace to move the electric sector away from fossil fuels and towards renewable energy. Click here for the original post. The Consumer Energy Alliance, which you may know from greatest hits [...]
Update: Since Laura’s blog post below, the Palm Beach Post’s Susan Salisbury reported on the concerns with FPL’s flawed clean-up plan in her “Protecting Your Pocketbook” blog/column. Find it here. Last week Southern Alliance for Clean Energy and Tropical Audubon Society filed an amended complaint to the Clean Water Act challenge filed this past July [...]
Thanks to weak or non-existent policies, inconsistent incentives, and a myriad of other excuses, the Southeast, as a whole, has yet to live up to its high solar potential. The last several months have brought some interesting developments though, some good and some challenging. Here’s a quick overview of the key takeaways, from North to South.
While Floridians await a Public Service Commission (PSC) ruling later this year on a 24% rate hike for Florida Power & Light, the Commission is also considering another matter: acceptance of Ten Year Site Plans from the largest state utilities. The Ten Year Site Plan is a summary of Florida’s largest power companies’ resource plans for the next ten years. This year’s Site Plans rely on continuing to run old coal plants and building more natural gas fired power.
A report published by the Union of Concerned Scientists evaluated the risks of flood surge on associated power plant infrastructure in southern Florida. UCS’s report states, “Although Turkey Point, a large nuclear facility along the coast, is unlikely to be flooded by a Category 3 storm, everything around it is likely to be, and damage to nearby major substations could still prompt widespread outages in the region.” Similar impacts may be expected of other power plants in the path of Hurricane Matthew.
Florida Power & Light (FPL) professes to be a solar leader. According to FPL, “Florida’s clean energy landscape is bright.” FPL touts that it’s tripling the amount of solar it’s generating for customers this year as if that’s a huge accomplishment to be celebrated. In fact, the utility goes so far as to claim that [...]