“If Unit 4 does slip by more than six months, the Company would not be able to collect its current forecast of $522 million in nominal PTCs over the first eight years of the Unit 4 operating life that ratepayers would have otherwise received.”
IN THE MATTER OF: GEORGIA POWER COMPANY’S TWELFTH SEMI-ANNUAL VOGTLE CONSTRUCTION MONITORING REPORT (Docket No. 29849)
Direct Testimony and Exhibits of Philip Hayet on Behalf of the Georgia Public Service Commission, Public Interest Advocacy Staff, June 10, 2015.
IV. PRODUCTION TAX CREDITS (excerpt)
Q. DOES STAFF HAVE ANY CONCERNS REGARDING THE COMPANY’S PRODUCTION TAX CREDIT ASSUMPTIONS?
…A. Yes, Staff points out two concerns that relate to the Company’s Production Tax Credit Assumptions. In their joint testimony, Dr. Jacobs and Mr. Roetger note concerns regarding the Company’s ability to meet its current schedule.
“Robert Bradley, of the petro-funded and misleadingly named Institute for Energy Research (Ministry for Fossil Fuel Propaganda, perhaps, would be more precise), continues his lengthy crusade against clean energy with a tirade against subsidies in yesterday’s Washington Times.
Given that Mr. Bradley was director of public policy analysis for seven years at Enron, the natural gas giant that collapsed some years ago in a cloud of falsehoods and lawsuits, one might reasonably question whether his energy policy wisdom should guide the nation.”
– Tom Gray, American Wind Energy Association, “Bradley, IER Continue Long Crusade Against Clean Energy,’ Into the Wind: AWEA Blog, July 29, 2011.
How does one respond to such a statement as this? Mr. Gray may think he is an environmentalist and that windpower is an environmental blessing, but that does not make it so.…
“We have at most ten years—not ten years to decide upon action, but ten years to alter fundamentally the trajectory of global greenhouse emissions.”
– James Hansen, 2006 (“The Threat to the Planet,” New York Times Review of Books)
“We cannot afford to put off [climate policy] change any longer. We have to get on a new path within this new administration. We have only four years left for Obama to set an example to the rest of the world. America must take the lead.”
– James Hansen, 2009 (“President ‘has four years to save Earth’“, The Guardian, January 17)
Science historian Thomas Kuhn warned of “scientists … behav[ing] differently” and experiencing “pronounced professional insecurity” when one of their long-held beliefs comes under increasing pressure from new science (The Structure of Scientific Revolutions.…