Corporate Profit and Nuclear Safety : : Strategy at Northeast Utilities in the 1990s / / Jean W. Rosenthal, Paul W. MacAvoy.
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...
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Superior document: | Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
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Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2022] ©2005 |
Year of Publication: | 2022 |
Language: | English |
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Physical Description: | 1 online resource (171 p.) :; 4 line illus. 24 tables. |
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100 | 1 | |a MacAvoy, Paul W., |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
245 | 1 | 0 | |a Corporate Profit and Nuclear Safety : |b Strategy at Northeast Utilities in the 1990s / |c Jean W. Rosenthal, Paul W. MacAvoy. |
264 | 1 | |a Princeton, NJ : |b Princeton University Press, |c [2022] | |
264 | 4 | |c ©2005 | |
300 | |a 1 online resource (171 p.) : |b 4 line illus. 24 tables. | ||
336 | |a text |b txt |2 rdacontent | ||
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338 | |a online resource |b cr |2 rdacarrier | ||
347 | |a text file |b PDF |2 rda | ||
505 | 0 | 0 | |t Frontmatter -- |t Contents -- |t Figures -- |t Tables -- |t Preface -- |t One. Strategic Challenge at Northeast Utilities -- |t Two. Northeast’s Competitive Strategy -- |t Three. The Nuclear Power Context for the New Competitive Strategy -- |t Four. Revisiting Competitive Strategy in the Mid-1990s -- |t Five. Northeast Strategy and Regulatory Shutdown of the Millstone Plants -- |t Notes -- |t Bibliography -- |t Index |
506 | 0 | |a restricted access |u http://purl.org/coar/access_right/c_16ec |f online access with authorization |2 star | |
520 | |a 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. Did management's deliberate cost-containment strategy take nuclear operations to an inevitable regulatory shutdown, and if so, why? Was it the pursuit of executive compensation tied to cost containment that caused undue risk of regulatory shutdown? Paul MacAvoy and Jean Rosenthal describe ten years of corporate performance preceding the shutdown, detailing 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. All the more timely in light of the massive 2003 East Coast blackout, Corporate Profit and Nuclear Safety represents a powerful and cautionary commentary on industrial practices that goes to the heart of effective corporate governance. | ||
538 | |a Mode of access: Internet via World Wide Web. | ||
546 | |a In English. | ||
588 | 0 | |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Jun 2022) | |
650 | 0 | |a Nuclear industry |x Deregulation |z Northeastern States. | |
650 | 0 | |a Nuclear industry |z Northeastern States |x Cost control. | |
650 | 0 | |a Nuclear industry |z Northeastern States |x Management |v Case studies. | |
650 | 0 | |a Nuclear power plants |x Environmental aspects |z Northeastern States. | |
650 | 0 | |a Nuclear power plants |x Risk assessment |z Northeastern States. | |
650 | 0 | |a Nuclear power plants |z Northeastern States |x Cost of operation. | |
650 | 0 | |a Nuclear power plants |z Northeastern States |x Management |v Case studies. | |
650 | 0 | |a Nuclear power plants |z Northeastern States |x Safety measures. | |
650 | 7 | |a BUSINESS & ECONOMICS / Corporate & Business History. |2 bisacsh | |
653 | |a AZP Group. | ||
653 | |a Abramson, Barry. | ||
653 | |a Atlantic Energy Company. | ||
653 | |a Atomic Energy Commission. | ||
653 | |a Boston Globe. | ||
653 | |a Brown Report. | ||
653 | |a Busch, Robert. | ||
653 | |a California. | ||
653 | |a Central Maine Power. | ||
653 | |a Central Vermont Public Service. | ||
653 | |a Clinton administration. | ||
653 | |a Consumers Power (Michigan). | ||
653 | |a Corporate Responsibility Committee. | ||
653 | |a Department of Energy. | ||
653 | |a Dominion Resources. | ||
653 | |a Dresden nuclear plant. | ||
653 | |a Duke Power (North Carolina). | ||
653 | |a Energy Policy Act. | ||
653 | |a Energy Resources Group. | ||
653 | |a Enron Company. | ||
653 | |a Goebel, David. | ||
653 | |a Harshbarger, Scott. | ||
653 | |a Hartford Light Company. | ||
653 | |a Iowa Public Service. | ||
653 | |a Kahn, Alfred. | ||
653 | |a Komanoff, Charles. | ||
653 | |a Long Island Sound. | ||
653 | |a Massachusetts. | ||
653 | |a New Hampshire. | ||
653 | |a Niagara Mohawk. | ||
653 | |a capital. | ||
653 | |a competitive strategy. | ||
653 | |a corrosion. | ||
653 | |a cost containment. | ||
653 | |a decomissioning. | ||
653 | |a deregulation. | ||
653 | |a ethics. | ||
653 | |a extended risk strategy. | ||
653 | |a forced outages. | ||
653 | |a fossil fuels. | ||
653 | |a franchise territory. | ||
653 | |a hazard theory. | ||
653 | |a hydroelectric systems. | ||
653 | |a interest rates. | ||
653 | |a legal issues. | ||
653 | |a management. | ||
653 | |a markets. | ||
653 | |a meltdowns. | ||
653 | |a mortgage bonds. | ||
653 | |a mussels. | ||
653 | |a operator training. | ||
653 | |a ordinary strategy. | ||
653 | |a peening event. | ||
653 | |a profits. | ||
653 | |a radiation. | ||
700 | 1 | |a MacAvoy, Paul W., |e contributor. |4 ctb |4 https://id.loc.gov/vocabulary/relators/ctb | |
700 | 1 | |a Rosenthal, Jean W., |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
700 | 1 | |a Rosenthal, Jean W., |e contributor. |4 ctb |4 https://id.loc.gov/vocabulary/relators/ctb | |
773 | 0 | 8 | |i Title is part of eBook package: |d De Gruyter |t Princeton University Press eBook-Package Backlist 2000-2013 |z 9783110442502 |
773 | 0 | 8 | |i Title is part of eBook package: |d De Gruyter |t Princeton University Press eBook-Package Gap Years |z 9783110784237 |
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