Top Managers Replaced at Troubled Nuclear Plant;Critical Government Report Is Latest Bad News for Operators of Calvert Cliffs

From: The Washington Post | Date: June 19, 1989| Author: | Copyright information

Baltimore Gas & Electric officials have ordered a major overhaul of top management at the company's troubled Calvert Cliffs nuclear plant while some nervous Wall Street analysts already have downgraded the utility's credit rating.

A recent, sharply critical Nuclear Regulatory Commission report on Calvert Cliffs' management has dealt a serious blow to BG&E prestige, revealing problems that have prompted the utility to replace three of the plant's top four managers and reassign seven others, analysts said.

But a series of other developments is adding to concerns about the future of the plant, ...

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