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Northwest / Power Economics #530346

NBC Evening News for Friday, May 13, 1983
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(Studio) Pacific Northwest power companies reported denied right to issue major bonds to bail out nuclear power plant experiencing financial difficulty.
REPORTER: Tom Brokaw

(Hanford, WA) Econ. impact of Washington Public Power Supply System possibly defaulting on construction of nuclear power plant already begun in Hanford, WA, examined; background to situation explained. [WPPSS chairperson Carl HALVORSON - notes lack of money to pay interest payments on bonds.] Possible impact of WPPSS default on bond market in general due to the size of the default discussed. [Moody's Investor Service spokesperson Freda ACKERMAN - considers possible ramifications.] [Umatilla Elec. Co-op spokesperson Jerry MEYERS - claims local economy would collapse if utilities paid WPPSS.]
REPORTER: Don Oliver

Reporter(s):
Brokaw, Tom;
Oliver, Don
Duration:
00:02:00

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