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Utilities face burden as nuclear costs risk bankruptcies
Utilities halt or delay multi billion dollar nuclear builds as bankruptcies loom and rates rise. Marble Hill Indiana faces 2.5 billion spent with at least 5 billion more needed for no guaranteed operation. Public Service of Indiana seeks over 50 percent rate hikes through 1994. Worldwatch cites vast overruns. stock and bond downgrades soar across multiple states.
MENTIONED IN THIS ARTICLE
New York
Marble Hill
Indiana
Public Service of Indiana
Bill Perrin
First Boston Corp
Steve Zimmerman
Standard & Poor's Corp
Michigan
State Public Service Commission
Consumers Power Co
Midland