Shoreham and the Rise and Fall of the Nuclear Power Industry

Front Cover
Bloomsbury Academic, Dec 11, 1995 - Business & Economics - 221 pages
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.

About the author (1995)

KENNETH F. McCALLION is a partner in the law firm of Goodkind, Labaton, Rudoff & Sucharow in New York City. He served as a Special Attorney and Assistant U.S. Attorney with the Department of Justice for eight years, as well as serving as a New York State prosecutor. While in private practice he litigated several important cases including the one involving the Shoreham Nuclear Power Plant (Suffolk County v. LILCO) and the Exxon Valdez oil spill litigation.