> #Whoops, was the largest municipal bond default in history.
> In the 1970s and 1980s, #WPPSS sold bonds to finance the construction of five #NuclearPlants needed to accommodate increased demand. In 1983, poor management and unsatisfactory safety conditions caused the construction of the plants to cost four times as much as originally estimated. At the same time, demand for #NuclearEnergy began to decline, and construction on some plants was forced to terminate.https://www.municipalbonds.com/news/the-biggest-municipal-bond-disasters-of-all-time/