Metropolitan Edison may default April 15

Journal Article · Sat Feb 28 23:00:00 EST 1981 · Electr. Light Power; (United States)

OSTI ID:6876015

Utroska, D

Metropolitan Edison Company (Met Ed), owner of Three Mile Island (TMI), may default on its April 15 taxes because the Pennsylvania Public Utilities Commission not only refused to let the utility pass cleanup costs on to ratepayers, but denied emergency rate relief. The continued shutdown of TMI-1 and 2 reactors has limited Met Ed's cash flow so much that the utility could go bankrupt before cleanup funds are exhausted. Most of the cash flow problem is due to the large quantities of higher-priced replacement power that must be purchased. Met Ed is optimistic about restarting TMI-1 in spite of the public and regulatory opposition. (DCK)

• OSTI ID: 6876015
• Journal Information: Electr. Light Power; (United States), Journal Name: Electr. Light Power; (United States) Vol. 59:3; ISSN ELLPA
• Country of Publication: United States
• Language: English

Related Subjects

22 GENERAL STUDIES OF NUCLEAR REACTORS
220901 -- Nuclear Reactor Technology-- Reactor Safety-- Accident Liability
29 ENERGY PLANNING, POLICY, AND ECONOMY
290600* -- Energy Planning & Policy-- Nuclear Energy
ACCIDENTS
ECONOMIC IMPACT
ELECTRIC UTILITIES
ENRICHED URANIUM REACTORS
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
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PUBLIC UTILITIES
PWR TYPE REACTORS
REACTOR ACCIDENTS
REACTORS
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THERMAL REACTORS
THREE MILE ISLAND-2 REACTOR
WATER COOLED REACTORS
WATER MODERATED REACTORS