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losses


Power Sector Risks Loom Large Over the Energy Transition

The fog of uncertainty that hangs over the global power industry is getting larger and denser as generating companies and utilities navigate ever more complex challenges. High-level scenarios often paint…


GE Embarks on Plan to Keep Power Unit Competitive

GE has launched a three-part strategy to address a dismal outlook for its power division that will involve operating in a “leaner, more cost-efficient way,” the company’s head told investors…


Westinghouse’s Losses from Nuclear Business Deal Mount
money-deal-merger-acquisition

Toshiba Corp.—the parent of Westinghouse Electric Co.—said it might book huge losses as a result of Westinghouse’s acquisition of the nuclear construction and integrated services business CB&I Stone & Webster…


Kemper IGCC In-Service Date Pushed Back by a Month

Mississippi Power has pushed back the in-service date of its much-delayed Kemper County integrated gasification combined cycle (IGCC) plant by a month, to October 31, 2016. Initial production of syngas…


EDF Moves to Rescue AREVA, Will Buy Majority of Nuclear Reactor Business

France's state-owned utility EDF will snap up between 51% and 75% of troubled nuclear giant AREVA's reactor business in a possible $2.96 billion deal.  While the French government owns about…