|

losses


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…