Financial Impact of Nuclear Power Plants: Pseg and Hope Creek
8 Pages Posted: 10 Jun 2009
Abstract
This case is about the financial impact of negative publicity and a company's reaction. A Public Service Enterprise Group had ownership interest in five nuclear power plants, three of which were located in Lower Alloways Creek, New Jersey. These three plants had been cited for concerns about a safety conscious work environment by a fired employee and the Nuclear Regulatory Commission. One U.S. senator and two congressmen had written a letter to NRC requesting an investigation of the situation.
Excerpt
UVA-C-2233
April 6, 2009
Financial Impact of U.S. Nuclear Power Plants:
pseg and hope creek
The Hope Creek generating station, powered by a boiling-water reactor, began operation in 1986. It was located adjacent to two pressurized-water reactors, Salem units 1 and 2, in southwestern New Jersey.
A series of events at Hope Creek had increased scrutiny by multiple stakeholders, particularly the Nuclear Regulatory Commission (NRC).
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Keywords: Finance, nuclear power, work environment, ethics in accounting, safety
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