During a scheduled refueling outage, in March 2002, workers at FirstEnergy's Davis-Besse nuclear power plant discovered a football-sized hole in the reactor head caused by boric acid corrosion.
FirstEnergy projected the outage cost from $15 million to $30 million and would last two to three months, although redundant shielding prevented any radiation leakage. Instead, the outage lasted 26 months and cost $588.9 million. Pupils will learn the financial impact of the event, how investors responded, and lessons in fiscal transparency.
PUBLICATION DATE: April 06, 2009 PRODUCT #: UV1762-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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