PROBLEMS MOUNT FOR UTILITIES
The nuclear power industry, already reeling from stagnant demand for electricity, huge cost overruns for new construction and mounting environmental opposition, has been dealt a devastating blow by the Federal Government in recent actions, several of the nation's biggest utilities said over the weekend. In decisions announced last week, the Nuclear Regulatory Commission said it would close the Consolidated Edison Company's Indian Point nuclear plant if the utility did not come up with an acceptable emergency evacuation plan, and fined the operators of the Salem nuclear plant in New Jersey $850,000 for safety violations. The actions came against the backdrop of a Supreme Court decision upholding the right of municipalities to bar nuclear plants within their boundaries. Evan Silverstein, an analyst for L.F. Rothchild and Company, characterized the moves as ''another nail in the coffin of nuclear power.'' He added that ''every time the nuclear industry receives another setback there are countless investors out there that say to themselves, 'That's it, this is too big a gamble at any price.' ''