Whoops

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Whoops

A nickname for the Washington Public Power Supply System, which in the 1970s raised billions of dollars through municipal bond offerings, the projects that never materialized. WPPSS defaulted on the payments to bondholders.

Whoops

An informal and derogatory term for the Washington Public Power Supply System. This company issued more than $2 billion in bonds in the 1970s to build nuclear power plants and defaulted on these obligations in 1983. It is now known as Energy Northwest.
References in periodicals archive ?
Coming in at $300 million to $400 million, it cost less than a third of the next generation of nuclear power stations, and a tenth of plants such as Washington Public Power Supply System 2 that were built just a few years later.
Dependence on Washington Public Power Supply System
As a lawyer, he represented Northwest utilities in their effort to stop the Washington Public Power Supply System from continuing to fund nuclear plant construction.
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