ML19340D224

Expresses Concern That TMI May Go Bankrupt & Believes That Federal Govt Should Assume Financial Responsibility.Forwards Editorial Dealing W/Financial Situation

ML19340D224
Person / Time
Site:	Crane
Issue date:	11/23/1980
From:	Grabb H AFFILIATION NOT ASSIGNED
To:	NRC COMMISSION (OCM)
Shared Package
ML19340D223	List: ML19340D224
References
NUDOCS 8012290357
Download: ML19340D224 (3)

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Er'e 'Pa., Times-News, Sunday, November 23,1980 24 i

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eanup osts

-o J Pose Dilemma e

Who should pay for the bilion4olhr expect to continue to pay for the differ-Three Mile Island nuclear reactor. ence in costs between the noc%r power

$ cleanup?

supplied by TMI and the make-up power g :nat nagging question must soon be after the accident, which has come most-

== answered and we have grave concern the 17 from Penelee coalfired generating customers of Penneylvania Electric Co. plants, g might be faced with an unfair burden For the PUC, Penelec's request for a nere are several facts that cannot be $67.4 imllion rate increase is not simply overlooked ia the TMIdebate.

a matter of adjusting profits for share-

1. A utility company is a state-sane. holder dividends.

e tioned monopcty with a pubhc trust to ne ratemaking body will be dealing hde its customen with adequate, with much larger questions.

safe semce. In teturn, the Public Utihty Ihs the issue of " fault" been ade.

Commission, establishes rates for the quately resolved?

uttiity sufficient to provide a fair rate of Should the customen of Penelee teturn for its investor stockholders.

shoulder any of the TMI cleanup finan-s

2. Utility company officiais, under the cial burden?

direction of the stockholders, make the Should the federal government accept 4 decisionsconcerningsourcesof theirser-sorne or all of the responsibility for this t

qj vice, in this case the choice to build a nucleardilemma?

nuclear power plar.t and to distribute the

!! it refuses, what poenble future is M power from that plant to various user there for nuclear energy devebpment, w companies. Under the general principles or what attention should the nuclear in-kof our free 4nterprise system, the inves. dustry pay to government assurances N

tor takes a risk when he buys stock in that a design if safe and acceptable?

any company. If there is no profit, thm The latter argument was made DD is no din If bad managment deci-[ day by GPU President Herican Dieck-he com com f

• h" g amp in a discussion with Pennsylvania y

worttiest congrmmett Diectamp described TMI

3. Penelee is a ' subsidiary of Genera as a p tantial hboratory for the govern-lic Utilities of New York Qty and t plan't owns 25 percent of TML Two other GPtf subsidiaries own the pnW - E and nuclear safety. It might well prevent another nuclear accident, poembly a dev-Q rop titan h of %,50 pucent astating accident. Would the government and Mey Cereral Poww and Light Co.

\\ of Morristown, N.L 25 percent. Penelee-ever accept responsibility for nuclear power incidentst q

e sans about m.m customas in Is the TMI cl' anup really any differ / '-

_1 a 31 Pennsylvania counties, relied on TMI' ent than the federallegislation to create e

i

% for 13 percent of its electric power be-i fore the Mards 1979 accident which a " super fund" to clean up toxic waste landfulf" I

closed down both reactors at the Harris.

- burg nuclear plant.

ne super fund suggestion has

4. ne federal Naelearylatory3, discussed in Washington and the chief a -

Oxnmiss6on, fdisriy Ilonue Energy gument against it seems to be that while Commission.nponsiMe forliitiUng toxic landfills represent an unknown na-theWe'ases or nuclear power'Tofthe tional problem, nuclear power genera-de Msin vi nuclear power plants, tion is a known quantity. Considering the u for licensing those plants and for in.

Nuclear Regulatory Comme <ts reac-h-specting their operatiott Nuclear power ; is ludicrous.'on to the TMI accident, that argument I

j geberation is a new science, developed I

e and controlled by the federal govern.

There are many in government who

' ment.

would like to just forget about the TMI

5. The TMI nuclear accident may or cleanup costa But are they going to wait may not have been caused by careless until GPU faces tantruptcy and the operation, faulty design, or inadequate PUC then faces the dilemma of either design criterna.

seeing the utility clota down or pass the

6. Penelec customers have paid and costs along to the consumers?

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