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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The number was scaled back to 10, and only two actually were built - the Washington Public Power Supply System's Plant No.
Washington Public Power Supply System case, which resulted in the largest bond default in U.S.
It's a product of an era that produced the financially ruinous uncompleted nuclear power plants of the Washington Public Power Supply System. When the siting council lost its authority to evaluate the need for new plants, a veneer of 1990s deregulation ideology was added to the get-it-built urgency of the 1970s.
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