Financial Impact of Nuclear Power Plants: Pseg and Hope Creek

8 Pages Posted: 10 Jun 2009

See all articles by Brandt R. Allen

Brandt R. Allen

University of Virginia - Darden School of Business

Tom Cross

University of Virginia - Darden School of Business

Paul J. Simko

University of Virginia - Darden School of Business

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).

. . .

Keywords: Finance, nuclear power, work environment, ethics in accounting, safety

Suggested Citation

Allen, Brandt R. and Cross, Tom and Simko, Paul J., Financial Impact of Nuclear Power Plants: Pseg and Hope Creek. Darden Case No. UVA-C-2233, Available at SSRN: https://ssrn.com/abstract=1417149 or http://dx.doi.org/10.2139/ssrn.1417149

Brandt R. Allen (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924 -4842 (Phone)

HOME PAGE: http://www.darden.virginia.edu/faculty/allen.htm

Tom Cross

University of Virginia - Darden School of Business

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

Paul J. Simko

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-1391 (Phone)

HOME PAGE: http://www.darden.virginia.edu/faculty/simko.htm

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