the first investor-owned utility since the Great Depression to declare bankruptcy.Seabrook was the last nuclear reactor built in the United States. Until now. In Georgia. Which has CWIP. Maybe we should change that.
Here’s an excerpt from a corporate history of Public Service Company of New Hampshire (PSNH):
By January 1972 PSNH had decided not only to build a nuclear plant at Seabrook but also to have it consist of two 1,150-megawatt units, to be completed in 1979. PSNH was to own 50 percent of the $1.3 billion project and share the remaining investment with other New England utilities. In January 1974 the New Hampshire Site Evaluation Committee, the Public Utilities Commission (PUC) and other regulatory bodies had issued the basic permits, but interveners in the case succeeded in having the New Hampshire Supreme Court overturn these permits. After repeated appeals and rehearings PSNH received its construction permit in July 1976—and experienced its first protest at the planned site.Continue readingThere followed a decade of other protests at the site, inside regulatory chambers, and in New Hampshire and Washington courtrooms. The 1979 accident at the Three Mile Island nuclear-power plant in Pennsylvania—to name but one event that triggered concern