Toshiba’s Westinghouse Electric Files for Bankruptcy Protection

30 Mar 2017   Nuclear

Westinghouse Electric Co., a major player in global nuclear construction, filed for bankruptcy protection, raising questions about the fate of four half-finished reactors in the U.S. A storied name in nuclear power, Westinghouse incurred billions of dollars of cost overruns building the nuclear reactors in Georgia and South Carolina, a financial disaster that threatens Japanese parent Toshiba Corp.’s viability. Westinghouse had $9.8…

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