And she says many states may be in worse shape than they appear because they use an accounting technique called smoothing.

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In Georgia, Vogtle Units 3 and 4 (owned jointly by a number of utilities, including Georgia Power) appear in somewhat better shape, but issues have cropped up there as well.

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Financial institutions are in turmoil in the U.S. and Britain, but banks in continental Europe appear to be in better shape.

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