Nuclear operating company

STP NUCLEAR OPERATING COMPANY Wadsworth WASTE MANAGEMENT INC Houston... 

South Texas Project Electric Generating Station STP NUCLEAR OPERATING COMPANY Southern Electric SCOTTISH AND SOUTHERN ENERGY PLC... 

In the U.K. electricity industry, no empirical evidence was found to indicate that financial difficulties were associated with safety problems, since the privatized nuclear plants became very profitable following deregulation. A contributing factor to this financial success was the fact that the structure of the U.K. privatization process provided significant subsidies for nuclear power, thus helping to ensure the profitability of the country s privatized nuclear operating company in the years immediately following privatization. 

The partnership type described is the "Jointly Owned Nuclear Operating Company" or JNOC. In JNOCs, "coequal" partners form a partnership entity to manage operations and maintenance activities for several nuclear power plants. Using our vocabulary from Chapter 16, this is an example of a one-to-one, horizontal partnership combination. This chapter raises issues regarding top management and fxmctional support addressed in Chapters 11 and 12. It also addresses the problems of cost documentation and savings sharing covered in Chapter 25. 

Significant recent efforts have gone into attempting to form Jointly-Owned Nuclear Operating Companies (JNOCs), but none have yet been successfully established. Some of the key reasons for failure are presented in this chapter. The reasons also pose considerations that must be addressed in order to establish a JNOC successfully. This chapter deals only with JNOCs that pool a number of different owners plants for O M purposes, but where ownership is retained by each utility. 

The concept of cost sharing and transferring "lessons learned"/expertise is intuitively sound and should be very appealing to nuclear plant owner utilities. Why then have virtually none of these jointly owned nuclear operating companies been formed Three areas stand out as the main barriers ... 

Babcock Wilcox Company (The) MCDERMOTT INTERNATIONAL INC Babcock Wilcox Nuclear Operations Group BABCOCK WILCOX COMPANY (THE)... 

The near term will not see new nuclear power plants bnilt in the United States, and only modest numbers constructed elsewhere. Most existing U.S. nnclear plants will continue to run, with a substantial fraction receiving license extensions. Deregulation will play an important role, opening the possibility of sale of nuclear power plants to dedicated operating companies (Joosten, 1999). The recent sale of the troubled Clinton power plant, which has been shut down for three years to address safety problems, suggests that plants that formerly would have shut down due to poor utility management can instead become at-... 

---