Word: shippingport
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...futuristic coveralls, Rear Admiral Hyman G. Rickover, who bulled through the first atom-powered submarine over strong Navy opposition, and TV Newsman Edward R. Murrow (TIME, Sept. 30) stood on a bridge spanning a big uranium power reactor in Shippingport, Pa. (see BUSINESS), which will soon start operation and become a nuclear hero on a Murrow show next week...
...little (pop. 600) town of Shippingport, Pa. this week, a man in a white protective suit will step alone into the spotless puzzle box of the world's most powerful atomic reactor. After he shuts twelve one-ton doors and gives the final signal, giant control rods will lift slowly out of the uranium reactor core to start a sustained chain reaction. At the moment the reactor "goes critical," a flow of 508° F. water will pass through the core chamber, starting a nuclear process that eventually will produce steam to generate electric power. After three years...
...Shippingport will be the first U.S. reactor to produce commercially on more than an experimental scale. When full power capacity of 60,000 to 100,000 kw. is reached around the first of the year, it should supply customers of the Duquesne Light Co. with enough electricity to light between 100,000 and 167,000 homes. It will still not be commercially competitive...
Compared to coal-driven plants in the Ohio Valley, which sell electricity at a rock-bottom 4 mills per kwr-h, or the national average of 7 to 8 mills. Shippingport power will cost as much as 65 mills per kw-h because of the high construction cost. Duquesne will tap the power only in peak-load periods...
...proving far more expensive than originally thought. On a big nuclear power plant that Consolidated Edison is building north of New York, cost estimates have jumped from $55 million to $90 million. At the nation's first major nuclear power plant, which is scheduled to start operating at Shippingport, Pa. before year's end, Westinghouse has spent 80? on research and development for every $1 spent on construction of the reactor portion...