Consumer-Exploitation

V.C. Summer Nuclear Project Abandoned After $9 Billion Failure - Ratepayers Forced to Pay $2.3 Billion for Never-Built Reactors

2017-07-31 00:00:00 +0000 UTC | Importance: 8/10

On July 31, 2017, SCANA Corporation and South Carolina’s state-owned utility Santee Cooper abandoned the V.C. Summer nuclear expansion project after a decade of construction, $9 billion in expenditures, and massive cost overruns. Despite the complete failure to deliver any functioning nuclear …

SCANA Corporation Santee Cooper Kevin Marsh Stephen Byrne Westinghouse Electric Company +2 more corporate-fraud institutional-capture regulatory-capture utility-corruption consumer-exploitation

Price Controls End After Corporate Decontrol Campaign, Inflation Spikes

1946-11-09 00:00:00 +0000 UTC | Importance: 7/10

The Office of Price Administration effectively ends on November 9, 1946, when President Truman removes controls on most consumer goods following intense corporate lobbying and deliberate business disruption. The premature decontrol triggers an immediate inflationary spike that harms consumers while …

Office of Price Administration Harry Truman National Association of Manufacturers U.S. Chamber of Commerce Congress +1 more deregulation corporate-influence inflation price-controls consumer-exploitation