Westinghouse

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 […]

The recent announcement by Westinghouse Electric Co. that it had filed for bankruptcy sent a shockwave through the nuclear power industry. It wasn’t a secret that the company was struggling financially as a

The impact of Westinghouse Electric Co.’s March 29 bankruptcy filing will be felt throughout the U.S. nuclear power industry, accord to an April 19 report released by the Congressional Research Service (CRS). “The bankruptcy filing raised fundamental questions about the future of the U.S. nuclear power industry, and particularly whether four new reactors that Westinghouse […]

China has brought 24 of its 36 operating nuclear reactors online at a breakneck pace since 2010, but there are signs it may roll out future plants that are still under construction more slowly, owing in part

Crippled by financial setbacks stemming from the half-built AP1000 reactor projects in Georgia and South Carolina, Westinghouse Electric Co., a company with a storied legacy symbolic of American nuclear power, has taken the desperate step of filing for bankruptcy protection. While owners of the two nuclear construction projects are monitoring the situation, the development could […]

Construction of four AP1000 units—the first new nuclear reactors in the U.S. in decades—is moving along at Vogtle 3 and 4 in Georgia and at the V.C. Summer nuclear power plant in South Carolina. In January, Westinghouse, which is spearheading construction of the units, marked a key milestone as it placed the first steam generator […]

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 […]