
This book chronicles the Washington Public Power Supply System (WPPSS) from its humble beginnings as a small group of country public utility managers, through its spectacular growth into the second-largest nuclear power project in the nation, to its final collapse into the greatest municipal default in history. The author provides comprehensive coverage of the complex interaction of corporate entities, personalities, decisions, and events that resulted in the rapid rise and fall of WPPSS and attempts to unsnarl the entanglement of confusion and myth that has shrouded the facts in this case.
This book investigates the systemic failures and complex decision-making processes that led to the Washington Public Power Supply System (WPPSS) collapse, which remains the largest municipal default in United States history. D. Victor Anderson examines the trajectory of the organization from its inception as a modest utility consortium to its ambitious expansion into nuclear energy. By analyzing the interplay between corporate governance, political pressure, and individual leadership, the author reconstructs the sequence of events that transformed a regional utility project into a financial catastrophe.
What You Will Find
Scope Limits
Experts and historians recognize this work as a definitive account of the WPPSS crisis due to its meticulous documentation of the administrative collapse. Readers frequently note the academic density of the prose, which provides a thorough examination of the bureaucratic and economic factors at play.
Page Count:
159
Publication Date:
1985-01-01
Publisher:
Praeger
ISBN-10:
0030003695
ISBN-13:
9780030003691
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