What is Foolsaurus?    WHOOPS is a nickname for the Washington
Public Power Supply System.  Expanded Definition  Whoops is the
largest municipal bond default in history ($2.25B in 1983). It
came about because electric utilities projected continued growth
in electricity demand and needed additional generating capacity
to supply that demand. At the time, nuclear power was preferred
for its favorable economics. Numerous companies contracted to
build nuclear plants.  A series of problems brought the era to a
close--    • So many plants were under construction, that
contractors experienced in building nuclear plants were fully
committed. Utilities began to use contractors new to nuclear
which led to cost overruns. Errors, inexperience, and
mismanagment were blamed.   • The Three Mile Island incident
resulted in stricter regulation of the industry, design changes
and increases in cost and more cost overruns.   • The energy
crisis resulted in conservation efforts that flattened demand.
Numerous nuclear plants were