Ebasco Services
| Industry | Energy |
|---|---|
| Founded | 1905 |
| Founder | General Electric |
| Defunct | 1993 |
| Fate | sold to Raytheon |
| Headquarters | New York City |
Ebasco Services was a United States-based designer and constructor of energy infrastructure, most notably nuclear power plants.
History
The company was formed from the Electric Bond and Share Company, a holding company that sold securities of electric utilities. Its headquarters were located at 2 Rector Street, New York City. It was created by General Electric in 1905. Electric Bond and Share was restructured after the Public Utility Holding Company Act of 1935, forming EBASCO Services, a provider of engineering consulting and construction services. Among other projects EBASCO designed nuclear power plants. By 1986, Ebasco claimed have built 220 hydroelectric, 700 fossil fueled and 35 nuclear facilities around the world. Ebasco Services Incorporated: the saga of electric power 1986
Documented Acquisition History
1905-1937 Intermediate Holding Company Subsidiaries
- American Gas & Electric Company
- American Power & Light Company
- Electric Power & Light Corporation
- National Power & Light Company
- United Gas Corporation
The Securities and Exchange Commission ordered the breakup of the above Holding companies in 1937. SEC v. EBASCo., 18 F. Supp. 131 (S.D.N.Y. 1937
Boise Cascade acquired Ebasco in 1969. Boise Cascade History
Halliburton acquired Ebasco in 1973. Halliburton Company History On April 24, 1973 the US District Court, Southern District of New York filed suit against Halliburton using the Clayton Act to reverse the sale.
In 1976, the Lone Star Gas Company purchased Ebasco, changing its name to Ensearch Ensearch Company History.
By the 1980s, EBASCO had three divisions: EBASCO Engineering, which provided engineering design and A/E services, EBASCO Environmental, which provided environmental engineering and science services, and EBASCO Constructors, which provided construction and construction management.
Ebasco (EBS) was included in Dow Jones Utility Average from 1938 to 1947.[1]
Ebasco Services was one of major US architect-engineers, coordinated design of many nuclear power plants both in the USA and abroad[2][3] including the Fukushima Daiichi Nuclear Power Plant (units 1, 2 and 6).[4]
EBASCO Engineering and Constructors were sold to Raytheon in 1993 and became part of a Raytheon subsidiary, United Engineers and Constructors. EBASCO Environmental was sold to Enserch Environmental before being sold to Foster Wheeler, Inc., becoming Foster Wheeler Environmental.[5]
Whistleblowing case
Nuclear whistleblower Ronald J. Goldstein was a supervisor employed by EBASCO, which was a major contractor for the construction of Houston Lighting and Power Company's South Texas Project (a complex of two nuclear power plants). In the summer of 1985, Goldstein identified safety problems to SAFETEAM, an internal compliance program established by EBASCO and Houston Lighting, including noncompliance with safety procedures, the failure to issue safety compliance reports, and quality control violations affecting the safety of the plant.
SAFETEAM was promoted as an independent safe haven for employees to voice their safety concerns. The two companies did not inform their employees that they did not believe complaints reported to SAFETEAM had any legal protection. After he filed his report to SAFETEAM, Goldstein was fired. Subsequently, Golstein filed suit under federal nuclear whistleblower statutes.
The U.S. Department of Labor ruled that his submissions to SAFETEAM were protected and his dismissal was invalid, a finding upheld by Labor Secretary Lynn Martin. The ruling was appealed and overturned by the Fifth Circuit Court of Appeals, which ruled that private programs offered no protection to whistleblowers. After Goldstein lost his case, Congress amended the federal nuclear whistleblower law to provide protection reports made to internal systems and prevent retaliation against whistleblowers.[6]
References
- ^ Robert J. Landman, Underground Secondary AC Networks, A Brief History Archived 2012-01-18 at the Wayback Machine, 2007 IEEE Conference on the History of Electric Power; August 4, 2007
- ^ Thomas, S.D. (1988). The Realities of Nuclear Power: International Economic and Regulatory Experience. Cambridge University Press. p. 67. ISBN 9780521327503. Retrieved May 14, 2015.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2012-09-14. Retrieved 2012-01-17.
{{cite web}}: CS1 maint: archived copy as title (link) - List of NPP with A-E listed - ^ "Nuclear Reactor Maps: Fukushima-Daiichi". Council for Security Cooperation in the Asia Pacific. Archived from the original on January 15, 2013. Retrieved March 14, 2011. "Fukushima Daiichi 1 .. Fukushima Daiichi 2 .. Fukushima Daiichi 6 ... Architecture: Ebasco"
- ^ RAYTHEON COMPLETES EBASCO ACQUISITION FOR $210 MILLION Archived 2016-03-05 at the Wayback Machine, 12/22/93
- ^ Kohn, Stephen Martin (2011). The Whistleblower's Handbook: A Step-by-Step Guide to Doing What's Right and Protecting Yourself. Guilford, CT: Globe Pequot Press. pp. 116–118. ISBN 9780762774791.
