Shoreham and the Rise and Fall of the Nuclear Power Industry

This book traces the history of the nuclear power industry in the United States from the 1950s when electricity from nuclear power was expected to be too cheap to meter, to the 1990s when the nuclear power industry lies in shambles and the landscape is dotted with the billion dollar carcasses of unfinished or inoperable nuclear power plants. Using the Shoreham Nuclear Power Plant on Long Island as a case study, and reviewing the civil racketeering trial relating to that plant, McCallion details how a fatal combination of fraud, incompetence, and naivete has driven utility companies to the brink (and in some cases, beyond the brink) of bankruptcy in the vain quest for the nuclear power fix.

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An absorbing account of the dramatic events concerning the Long Island Lighting Company's mismanagement in the construction of the Shoreham nuclear power plant, as well as the misrepresentations LILCO made to the New York Public Service Commission (PSC) to obtain rate increases. Ultimately, a Federal jury delivered a multi-million dollar verdict against LILCO in the 1988 RICO fraud case brought by Suffolk County, New York--for which McCallion was lead trial counsel. McCallion also links the ill-fated LILCO story with that of other nuclear power plants and assesses the future of nuclear power. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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