Title Corporate profit and nuclear safety : strategy at Northeast utilities in the 1990s / Paul W. MacAvoy and Jean W. Rosenthal

Published Princeton, N.J. : Princeton University Press, ©2005

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Description 1 online resource (xv, 153 pages) : illustrations Contents 1. Strategic challenge at Northeast Utilities -- 2. Northeast's competitive strategy -- 3. The nuclear power context for the new competitive strategy -- 4. Revisiting competitive strategy in the mid-1990s -- 5. Northeast strategy and regulatory shutdown of the Millstone plants Summary "Northeast Utilities Company adopted an ambitious new competitive strategy in the mid-1980s, seeking to become the low-cost supplier in New England electric power markets bracing for deregulation. Given its high-cost nuclear facilities, doing so required a corporate turnaround. For a decade Northeast faced increasing public and employee resistance to cost cutting at its nuclear plants. Though management achieved many of its goals, curtailing outlays on nuclear operations meant high risk that the Nuclear Regulatory Commission would close the plants because of frequent, prolonged outages. This is just what happened in 1996." "Paul MacAvoy and Jean Rosenthal describe ten years of corporate performance preceding the shutdown, detailing the aggressive executive decisions, mounting regulatory actions in response to increasingly severe operational failures, and - at the same time - overall improvement in corporate earnings, stock prices, and executive pay packages. They relate the complexities of managing declining nuclear plant operations under ever more pressing budgetary targets. Their discussion of the increasing risk of outages raises the issue of the tradeoff of profit and conservative management of hazard operations."--Jacket Analysis AZP Group Abramson, Barry Atlantic Energy Company Atomic Energy Commission Boston Globe Brown Report Busch, Robert California Central Maine Power Central Vermont Public Service Clinton administration Consumers Power (Michigan) Corporate Responsibility Committee Department of Energy Dominion Resources Dresden nuclear plant Duke Power (North Carolina) Energy Policy Act Energy Resources Group Enron Company Goebel, David Harshbarger, Scott Hartford Light Company Iowa Public Service Kahn, Alfred Komanoff, Charles Long Island Sound Massachusetts New Hampshire Niagara Mohawk capital competitive strategy corrosion cost containment decomissioning deregulation ethics extended risk strategy forced outages fossil fuels franchise territory hazard theory hydroelectric systems interest rates legal issues management markets meltdowns mortgage bonds mussels operator training ordinary strategy peening event profits radiation Bibliography Includes bibliographical references (pages 135-145) and index Notes Print version record Subject Nuclear industry -- Northeastern States -- Management -- Case studies Nuclear industry -- Deregulation -- Northeastern States Nuclear industry -- Northeastern States -- Cost control Nuclear power plants -- Northeastern States -- Management -- Case studies Nuclear power plants -- Northeastern States -- Cost of operation Nuclear power plants -- Northeastern States -- Safety measures Nuclear power plants -- Risk assessment -- Northeastern States Nuclear power plants -- Environmental aspects -- Northeastern States BUSINESS & ECONOMICS -- Corporate & Business History. Nuclear industry -- Deregulation Nuclear industry -- Management Nuclear power plants -- Cost of operation Nuclear power plants -- Environmental aspects Nuclear power plants -- Management Nuclear power plants -- Risk assessment Nuclear power plants -- Safety measures Northeastern States Genre/Form Case studies Form Electronic book Author Rosenthal, Jean W., 1945- LC no. 2004045861 ISBN 9780691223827 0691223823

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