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 ?
1 million contract from Energy Northwest, a leading power supplier to the Pacific Northwest, to treat and discard low-level radioactive wastes.
For additional information on Energy Northwest and Bonneville Power Administration see the Fitch report 'Energy Northwest; Bonneville Power Administration' dated March 15, 2010.
Fitch also affirms the following outstanding Energy Northwest ratings:
The Energy Northwest bonds are separately secured by project and each project secured by a payment obligation from the Bonneville Power Administration (BPA).
In his previous tenure as chief executive officer at Energy Northwest, Reddemann directed the operations of four electricity generating facilities in the state of Washington in the United States.
Reddemann will commence his tenure as Nawah CEO on April 1, 2018, following his recently announced departure from Energy Northwest.
Workers at the disposal site surveyed the package for radiation and measured it as seven times higher than the shipping manifest for the package declared, according to Energy Northwest.
According to Energy Northwest official Jim Gaston, the planned 4-megawatt photovoltaic solar power plant will supply enough power to light 3,200 homes.
Even so, Energy Northwest is sponsoring a team of local and international experts in the field of seismology, geology and ground motion modeling, under the scientific oversight of the Pacific Northwest National Laboratory, to conduct field research and study the most recent seismic information from the Columbia Basin.
Williams has an outstanding track record providing maintenance, major project and specialty services for Energy Northwest at Columbia," said Ken Robuck, President of Global Power's Services division.