In March 2002, during a scheduled refueling shutdown, workers of Davis-Besse nuclear power plant at FirstEnergy found a football-sized hole in the reactor head caused by boric acid corrosion. Backup protection to prevent any leakage of radiation, but FirstEnergy projected trip will last two to three months and cost from $ 15 million to $ 30 million. Instead, the trip lasted 26 months and cost $ 588.9 million. Students will learn about the financial implications of this event, as investors reacted, and the lessons of financial transparency. "Hide
by Thomas Cross, Brandt Allen, Paul Simko Source: Darden School of Business 6 pages. Publication Date: April 6, 2009. Prod. #: UV1762-PDF-ENG
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