Word: diablo
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There are now no fewer than 786 electronics firms in the fertile valley at the foot of the Diablo Range. In 1980 they produced $8.7 billion worth of goods. The American Alliance for Innovation now gives two-day seminars on marketing strategies and venture capital for hopeful entrepreneurs. Says William Hambrecht, a San Francisco investment banker whose firm, Hambrecht & Quist, helped launch Apple Computer and Genentech: "Being a successful entrepreneur here is one of the most privileged positions in today's world...
...start-up of the big Diablo Canyon plant in California last month was supposed to give nuclear power a much needed boost. Televised noisy demonstrations by protesters who contended that the plant had been built too close to an earthquake fault had failed to stop it. But then, just as fuel was about to be loaded for test production, Pacific Gas & Electric Co., the plant's owner, discovered a startling error: pipes meant for one area of the plant had been installed in another. P G & E halted operations until the foul-up could be rectified, which will happen...
Moreover, Diablo Canyon is only the most conspicuous and embarrassing reverse the industry has suffered. Some other setbacks that have occurred in the past three months...
Brown, who is perhaps the nation's most visible advocate of alternate energy sources, may soon face the embarrassment of presiding over the arrests of scores of antinuclear protesters. They are planning a demonstration against the as-yet-unscheduled opening of the Diablo Canyon nuclear power plant near Avila Beach, some 60 miles north of Santa Barbara. Brown had joined a rally against the plant in 1979. But nuclear facilities are under federal jurisdiction, and Brown says he has no choice but to let Diablo Canyon operate once it is licensed. Of the expected protesters, he says: "Those breaking...
...freeze will affect four plants that would have been ready for licensing next month: Sequoyah 1 reactor in Daisy, Tenn.; Salem 2 in Lower Alloways Creek Township, N.J.; North Anna 2 near Mineral, Va.; and Diablo Canyon 1 near San Luis Obispo, Calif. If the licensing ban continues throughout 1980, at least seven more plants will be delayed...