PSI decides to write off most of its $2. 7B Marble Hill investment

Title: PSI decides to write off most of its $2. 7B Marble Hill investment

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Abstract

After the Indiana Supreme Court ruled last November that the utility may not recover its investment from the cancelled plant, Public Service Indiana (PSI) decided to write off a substantial portion of the $2.7 million already invested in the cancelled Marble Hill nuclear plant. The board will omit common stock dividends for three years and the preferred stock dividend for the first quarter. It will also accept a negotiated rate settlement of 8.2% increase. A 5% emergency surcharge will become permanent. The settlement calls for the utility to restrict capital expenditures over the next three years to the $285.1 million already budgeted for construction. Opposition from a consumers group argues that ratepayers should not be the risk bearers for PSI, but the utility argues that its long-term financial health depends on attracting and keeping investors.

Publication Date:: Sat Mar 01 00:00:00 EST 1986

OSTI Identifier:: 5862483

Resource Type:: Journal Article

Journal Name:: Electr. Light Power; (United States)

Additional Journal Information:: Journal Volume: 64:3

Country of Publication:: United States

Language:: English

Subject:: 21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS; 29 ENERGY PLANNING, POLICY AND ECONOMY; INDIANA; NUCLEAR POWER PLANTS; MARBLE HILL-1 REACTOR; FINANCING; CANCELLATION; ECONOMIC IMPACT; ELECTRIC UTILITIES; INVESTMENT; RATE STRUCTURE; ENRICHED URANIUM REACTORS; FEDERAL REGION V; NORTH AMERICA; NUCLEAR FACILITIES; POWER PLANTS; POWER REACTORS; PUBLIC UTILITIES; PWR TYPE REACTORS; REACTORS; THERMAL POWER PLANTS; THERMAL REACTORS; USA; WATER COOLED REACTORS; WATER MODERATED REACTORS; 210200* - Power Reactors, Nonbreeding, Light-Water Moderated, Nonboiling Water Cooled; 290600 - Energy Planning & Policy- Nuclear Energy

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                    . PSI decides to write off most of its $2. 7B Marble Hill investment.  United States: N. p., 1986. 
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                    . PSI decides to write off most of its $2. 7B Marble Hill investment.  United States.

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                    . 1986.  
        "PSI decides to write off most of its $2. 7B Marble Hill investment".  United States.

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@article{osti_5862483,

  title        = {PSI decides to write off most of its $2. 7B Marble Hill investment},

  author       = {},

  abstractNote = {After the Indiana Supreme Court ruled last November that the utility may not recover its investment from the cancelled plant, Public Service Indiana (PSI) decided to write off a substantial portion of the $2.7 million already invested in the cancelled Marble Hill nuclear plant. The board will omit common stock dividends for three years and the preferred stock dividend for the first quarter. It will also accept a negotiated rate settlement of 8.2% increase. A 5% emergency surcharge will become permanent. The settlement calls for the utility to restrict capital expenditures over the next three years to the $285.1 million already budgeted for construction. Opposition from a consumers group argues that ratepayers should not be the risk bearers for PSI, but the utility argues that its long-term financial health depends on attracting and keeping investors.},

  doi          = {},

  url          = {https://www.osti.gov/biblio/5862483},
  journal      = {Electr. Light Power; (United States)},
number       = ,

  volume       = 64:3,

  place        = {United States},

  year         = {Sat Mar 01 00:00:00 EST 1986},

  month        = {Sat Mar 01 00:00:00 EST 1986}

}

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