Whoops(redirected from Washington Public Power Supply System)
Also found in: Dictionary, Acronyms.
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.
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