Word: shippingport
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...pressurized water'' reactor plant, i.e., ordinary water under high pressure is used both to control the reactor and to produce steam to turn the turbine that generates the electricity, and similar to the 60,000-kw. plant that Westinghouse is building for Duquesne Light Co. at Shippingport, Pa. The price: $4,000,000, if Westinghouse gets as many as ten orders...
...ready with order blanks, but, under the sure hand of Westinghouse International's Sales Manager Jose de Cubas, it also crashed the Geneva market with a sales technique that staggered European buyers. At the trade fair, Westinghouse had a small booth with a working model of its Shippingport reactor, but it had long since decided not to depend entirely on mechanical exhibits. Instead, the company took over the entire first floor of the fashionable Genevoise restaurant for the duration of the conference, so industrialists, scientists and newsmen could talk things over and enjoy the free drinks, snacks and cigars...
...reactor being built by Westinghouse at Shippingport, Pa. will be fueled by a ten-ton core of uranium. Larger reactors of current design may use as much as 200 tons, which must be replaced every few years...
...President Ralph Cordiner: "By 1976, half of all new electric-power installations will be atomic." The changes came almost too fast to be counted. Westinghouse and Duquesne Light started work for the Government on the nation's first full-scale (60,000 kw.) atomic-power plant at Shippingport, Pa., though AEC knew the plant would be obsolete by the time it was finished, in 1957. And on Wall Street, the uranium bulls were already hedging their bets with such stocks as Foote Minerals (up 170%) and Lithium Corp. (up 400%) on the chance that lithium, not uranium, might prove...
...There will be few, if any, atomic power plants built for purely commercial purposes in this country within ten years. These would be only at points remote from conventional fuel supplies . . . without direct or indirect subsidy from the Government . . . The Shippingport plant (TIME, March 22) does not qualify as an unsubsidized plant, since the Government is justifiably paying well over half the total cost. [In ten to 25 years, a few unsubsidized atomic] power plants might be built, [but] no existing plant of reasonable efficiency would be shut down or converted to atomic fuel...