Midwest nukes tumble, rock industry: Byron, Marble Hill, Zimmer
The nuclear industry is suffering from a lack of investor confidence because of cancelled projects and the unprecedented rejection of an operating license for Commonwealth Edison's Byron plant on grounds that the utility failed to meet quality assurance responsibilities. When plans to complete the Zimmer and Marble Hill nuclear plants were abandoned, Bechtel came forward with a financing plan that, while rejected for Zimmer and Marble Hill, could lead to future bailouts. Both Zimmer and Marble Hill plants could be partially converted to coal. The loss of investor confidence in nuclear plants is largely due to political pressures brought on by a combination of citizen intervenors, whistle blowers on construction sites and disagreements between participating utilities. A rise in stock prices followed the cancellation announcements and the lowered investment security ratings.
- OSTI ID:
- 5049238
- Journal Information:
- Power Line; (United States), Vol. 9:7-8
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
FEDERAL REGION VII
NUCLEAR POWER PLANTS
NUCLEAR INDUSTRY
FINANCING
QUALITY ASSURANCE
CONSTRUCTION
OPERATING LICENSES
INVESTMENT
INDUSTRY
LICENSES
NORTH AMERICA
NUCLEAR FACILITIES
POWER PLANTS
THERMAL POWER PLANTS
USA
210801* - Nuclear Power Plants- Economics- Construction & Operation- (-1987)
290600 - Energy Planning & Policy- Nuclear Energy