AUTHORMacAvoy, Paul W. / Rosenthal, Jean W.
TITLECorporate Profit and Nuclear Safety: Strategy at Northeast Utilities in the 1990s
PUBLISHERPrinceton University Press
CITYPrinceton, NJ

This book is an analysis of two theories concerning the corporate strategy of Northeast Utilities in the late 1980s and early 1990s that led to safety concerns at the Millstone nuclear plants and the eventual permanent shutdown of Millstone One by the United States Nuclear Regulatory Commission. The authors, Paul MacAvoy and Jean Rosenthal, discuss the adoption of cost-containment corporate strategies in the late 1980s, leading to cutbacks in safety programs, equipment, maintenance, and training. They postulate that the new corporate strategy resulted either from the need to be more competitive as new companies began operating in the New England (the “ordinary” explanation) or to benefit management financially (the “enhanced risk” explanation). They present evidence in support of both theories, but let the reader determine which is more likely to be true. The book contains numerous tables and graphs.

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