Ebasco Services

Ebasco Services was a United States-based designer and constructor of energy infrastructure, most notably nuclear power plants. The company was formed from the Electric Bond and Share Company, a holding company that sold securities of electric utilities. 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 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. Ebasco Services was one of major US architect-engineers, coordinated design of many nuclear power plants both in the USA and abroad including the Fukushima Daiichi Nuclear Power Plant (units 1, 2 and 6). 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. 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.