toshiba
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Legal & Regulatory
Georgia PSC Chair: We Wanted Vogtle to Go Forward
Georgia Public Service Commission (PSC) Chairman Stan Wise said his agency was “not going to make a decision to discontinue” construction of two new nuclear reactors at Plant Vogtle, instead putting the decision squarely in the hands of Southern Co. and Georgia Power at the PSC’s December 21 meeting to determine the fate of the […]
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Legal & Regulatory
Toshiba Will Make Remaining Vogtle Payments by mid-December
Toshiba Corp. has agreed to accelerate its payments to Georgia Power to help the utility finance completion of the troubled Plant Vogtle nuclear expansion. The deal announced December 5 comes four days after a recommendation from state regulators that the project be abandoned if Georgia Power cannot make it financially viable, and also to lessen […]
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Coal
POWER Digest (October 2017)
Construction Scheduled for Hydrogen Fuel Cell Plant in South Korea. Hanwha Energy on August 25 approved formation of a subsidiary, Daesan Green Energy , to build a 50-MW hydrogen fuel cell plant in the
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Nuclear
SCANA, Santee Cooper Monetize Settlement Payments from Toshiba to Minimize Risk
SCANA Corp. and Santee Cooper moved to cash in a $2.2 billion settlement with Toshiba—even though it will cost them $171 million—rather than risk collecting guaranty payments from the Japanese conglomerate over the next five years for the unfinished V.C. Summer nuclear expansion. Just days before the utilities decided to abandon the project, Toshiba on […]
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Press Releases
Toshiba Wins Major Order in Indonesia for Two 1,000MW Ultra-Supercritical Steam Turbines and Generators
Toshiba to supply two 1,000MW steam turbines and generators (STG) for Tanjung Jati B Unit 5 & 6 Expansion Project Delivery of main equipment to start from 2019, commercial operation to start in 2021 TOKYO– Toshiba Corporation (Tokyo: 6502) announced today that it has won an order to supply two 1,000MW ultra-supercritical steam turbines and […]
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Legal & Regulatory
Westinghouse’s Losses from Nuclear Business Deal Mount
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 Inc. (S&W). Westinghouse closed on its agreement with CB&I in December 2015. When the deal was made, Toshiba estimated that the amount of “goodwill” resulting […]
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Coal
Construction Begins on Project to Demonstrate Entirely New Natural Gas Power Cycle
Construction of a 50-MWt plant that will demonstrate a novel oxyfuel natural gas power system using Allam Cycle technology with zero atmospheric emissions has kicked off in La Porte, Texas. The demonstration plant is being built by the technology’s developer, Durham, N.C.–based NET Power, along with Exelon Generation, CB&I, and 8 Rivers Capital. NET Power’s […]
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Business
POWER Digest
NRC Advances Design Certification of Westinghouse SMR, South Korea’s APR1400. The Nuclear Regulatory Commission (NRC) on Feb. 27 approved Westinghouse Electric Co.’s testing approach for its small modular reactor (SMR) design—a “significant” step that the Toshiba Corp. company said will reduce the time ultimately needed to obtain design certification. By granting a safety evaluation report […]