Investment recovery program at Niagara Mohawk Power Corporation

Conference · Fri Jan 01 04:00:00 EST 1993 · Transactions of the American Nuclear Society; (United States)

OSTI ID:5884485

Kotcamp, R T ^[1]

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1. Niagara Mohawk Power Corp., Syracuse, NY (United States)

Niagara Mohawk Power Company's pioneering investment recovery program was initiated in 1984, Its mission is to dispose of company assets classified as obsolete, scrap, surplus, or retired capital equipment that results from company operations or work projects. These assets include items such as scrap wire, pipe, line hardware, transformers, power station equipment, crates of dusty telephone modems and computer monitors, pallets of residential gas and electric meters, a box of toilet paper holders, burned-out light bulbs, chunks of electric cable, brass and copper valves, electric bills from 1952, and a dozen tattered office chairs. It was risky for Niagara Mohawk to commit money to a program that created a scrap company inside a utility and is not the core business. No one regrets the decision to create and expand investment recovery. The program has contributed more than $35,000,000 ($8,140,585 nuclear division) of cash receipts with an additional $5,000,000 of cost avoidance since its inception. The program has credited these dollars back to the operating departments, which has reduced operating costs thereby improving the [open quotes]bottom line.[close quotes]

• OSTI ID: 5884485
• Report Number(s): CONF-930601--
• Conference Information: Journal Name: Transactions of the American Nuclear Society; (United States) Journal Volume: 68
• Country of Publication: United States
• Language: English

Related Subjects

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS
210800* -- Nuclear Power Plants-- Economics
CAPITALIZED COST
COST
DATA
DIVERSIFICATION
ECONOMIC ANALYSIS
ECONOMICS
ELECTRICAL EQUIPMENT
EQUIPMENT
FINANCIAL DATA
INFORMATION
NUCLEAR FACILITIES
NUCLEAR POWER PLANTS
POWER PLANTS
RECYCLING
THERMAL POWER PLANTS