Word: shoreham
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...wrong with atomic energy in the U.S. But the start-up of low-power testing at Seabrook last week signaled that a fresh wave of pro-nuclear sentiment is stirring in Washington. The testing permit was the second granted in two months: the first went to Long Island's Shoreham nuclear plant, even though the reactor's owner had already decided to junk...
...close a deal on that two-story house near the Rudolph Valentino mansion on Bella Drive, you should know that this was where Sharon Tate and four others were murdered by Manson's minions. And if you're thinking of renting an apartment in that tan building on Shoreham Drive, consider the effect on property values of Diane Linkletter's 1969 suicide leap from the sixth floor after a bad LSD trip. Your friendly Realtor might not mention that the brown house on Benedict Canyon Drive was the spot where George Reeves, TV's Superman, "fired a speeding bullet into...
Beset by safety problems and mismanagement, the Long Island Lighting Co.'s $5.4 billion Shoreham nuclear plant has been denied permission to operate at full power since it was completed in 1984. Reason: lack of an approved evacuation plan. As community opposition has grown, the facility has been the subject of legal and political wrangling. Last week a federal jury found LILCO and its former president, Wilfred Uhl, guilty of lying to state officials about Shoreham's progress in 1978 and 1984 in order to obtain rate increases to help finance the project. Uhl and LILCO were fined $22.8 million...
...that is far from the utility's only problem. Six months ago, LILCO made a pact with New York Governor Mario Cuomo to sell Shoreham for $1 to the state, which would then scrap it. In exchange, LILCO was promised generous rate increases to help recover its investment in the plant. The deal may still go through, but last week's verdict brought LILCO face to face with another threat: a $2 billion-to-$4 billion class-action suit on behalf of nearly 1 million customers that could drive it into bankruptcy...
...sounds: as part of the deal, the state will guarantee the company minimum annual rate increases of 5% for at least three years and possibly a decade. Thus LILCO customers will be forced to pay part of the $2.5 billion that the utility still owes for the construction of Shoreham. For the beleaguered U.S. nuclear power industry, though, there was no consolation. After a decade in which not a single new atomic power plant was ordered and 78 that were planned or under construction were canceled, the industry got its biggest and costliest tombstone...