Prudency reviews, cash management issues emerge

Journal Article · Sat Jun 01 04:00:00 EDT 1985 · Electr. Light Power; (United States)

OSTI ID:5625912

Utility management is paying increasing attention to the broadening of regulatory commission prudency reviews to cover operating generating plants as well as those under construction. Utilities can expect a prudency review after a major outage, and should investigate the possibility for legal action against a third party or be prepared to defend itself. The Shoreham nuclear plant serves as a warning to utilities of the need for on-going documentation of cost-benefit analyses conducted during the construction period. Utility managers should demand a prudency standard from their regulators, and minority owners in large projects should make independent prudency findings. There is also a growing need for utilities to develop intelligent strategies for handling excess cash. Methods for handling cash flow include the financial investment, grid refurbishment, dividend payout, decapitalization, and diversification.

• OSTI ID: 5625912
• Journal Information: Electr. Light Power; (United States), Journal Name: Electr. Light Power; (United States) Vol. 63:6; ISSN ELLPA
• Country of Publication: United States
• Language: English

Related Subjects

20 FOSSIL-FUELED POWER PLANTS
200106* -- Fossil-Fueled Power Plants-- Economics
21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS
210801 -- Nuclear Power Plants-- Economics-- Construction & Operation-- (-1987)
29 ENERGY PLANNING, POLICY, AND ECONOMY
296000 -- Energy Planning & Policy-- Electric Power
CAPITALIZED COST
CONSTRUCTION
COST
COST BENEFIT ANALYSIS
ELECTRIC UTILITIES
EVALUATION
LEGAL ASPECTS
MANAGEMENT
NUCLEAR FACILITIES
NUCLEAR POWER PLANTS
OPERATING COST
POWER PLANTS
PUBLIC UTILITIES
REGULATIONS
THERMAL POWER PLANTS