Westinghouse

SCANA Corp. and state-owned utility Santee Cooper on July 27 said Toshiba has agreed to pay nearly $2.2 billion to cap its liabilities from the unfinished V.C. Summer nuclear project in South Carolina. Toshiba subsidiary Westinghouse, which was building two nuclear units at the Summer site along with the troubled Vogtle nuclear project in Georgia, […]

The Department of Energy (DOE) has approved a new service agreement finalized by Westinghouse and Georgia Power for the Vogtle AP1000 units under construction in Georgia, though the agency reached a separate deal with Georgia Power on a loan guarantee agreement that will require the Southern Co. company to provide it with a solid cost […]

  More grim news emerged for financially strapped Westinghouse after the Delaware Supreme Court reversed a chancery court decision that the company was counting on to recoup $2 billion from an acquisition dispute with Chicago Bridge & Iron (CB&I). The court rejected Westinghouse’s contention of CB&I’s calculations of its final purchase price—even though it paid […]

Georgia Power officials say the utility continues to work with its partners in the troubled Vogtle nuclear plant to firm up construction timelines and determine the costs to complete two new units at the facility. At the same time, a group opposed to the project and two long-time project consultants say ballooning costs should put […]

A nuclear plant construction project in Georgia that is years behind schedule and billions of dollars over budget has been given a lifeline that at least temporarily eases concerns about its future. Toshiba, the parent company of Westinghouse, and Southern Company subsidiary Georgia Power, majority owner of Plant Vogtle near Augusta, on June 9 reached […]

Westinghouse Electric Company and its eight European consortium partners have achieved a key milestone in the diversification of the nuclear fuel supply in Europe. The consortium has approved the conceptual fuel design for the VVER-440 assemblies, which is an enhanced version of a previous Westinghouse fuel product that was delivered to Loviisa Nuclear Power Plant […]

CEO Tom Fanning told Southern Co.’s shareholders attending the company’s annual meeting on May 24 that a decision on how to proceed with the Plant Vogtle nuclear expansion could take several more months. The Vogtle expansion—one of two new nuclear construction projects underway in the U.S. utilizing Westinghouse’s AP1000 technology—has been in limbo, albeit still in […]

In 1957, legendary Calypso singer and civil rights activist Harry Bellefonte recorded “Jamaica Farewell,” which became a major hit in the U.S. The song’s chorus: “Sad to say, I’m on my way, won’t be back for many a day.” That looks like the theme song for nuclear power in the U.S. (and perhaps Western Europe […]

As the dust from Westinghouse’s recent bankruptcy filing begins to settle, Georgia Power has reached a deal to take over work at its Plant Vogtle nuclear expansion project when the current engineering, procurement, and construction contract on the project ends. The announcement of the intended transfer of management duties came May 12, as an interim […]

The owners of the Vogtle and V.C. Summer nuclear expansions separately secured a few more weeks to allow work to continue onsite at each project while they decide how to proceed with the half-built AP1000 reactors after Westinghouse’s financial debacle. In Georgia, owners of the project to expand Plant Vogtle extended an interim assessment agreement […]