Nuclear giant Westinghouse files for bankruptcy protection

https://www.theguardian.com/business/2017/mar/29/toshiba-nuclear-westinghouse-bankruptcy-us-uk

Collapse of Toshiba unit, which has technology in about half world’s reactors, will deal blow to UK’s nuclear strategyWestinghouse Electric, the US nuclear power plant giant, has filed for bankruptcy protection, threatening a further blow to the UK’s atomic energy programme.The filing for Chapter 11 protection from creditors will allow Pittsburgh-based Westinghouse, whose nuclear plant projects have been dogged by delays and cost overruns, to renegotiate or break its construction contracts, although the utilities that own the projects would likely seek damages. Continue reading…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s