When regulators grant changes to utility rates of return, they estimate growth on the basis of gross domestic product (GDP). But do utilities have any chance of growing at the same pace as GDP?...
Watts Bar Goes on Line
The Nuclear Regulatory Commission (NRC) has authorized the Tennessee Valley Authority (TVA) to load fuel and perform low-power testing of the Watts Bar nuclear plant. The low-power license will allow the 1,160-megawatt Unit 1 to operate at 5 percent of capacity. The license verifies that Watts Bar construction is complete, and that all safety and environmental requirements have been met. A license to operate at full power may be granted once the fuel loading and low-power testing is complete. Commercial operation is anticipated for spring 1996. TVA has not yet decided whether to complete Watts Bar Unit 2.
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