Westinghouse News, Videos, and Information

The Associated Press - Thu December 21, 2017

Troubled $25B Nuclear Project Gets OK to Continue

ATLANTA (AP) — Georgia's utility regulators are allowing construction to continue on two new nuclear reactors, despite massive cost overruns for the multi-billion-dollar project. The unanimous decision Dec....

Emily Buenzle - Wed September 20, 2017

Westinghouse to Abandon Nuclear Reactor Construction

Westinghouse Electric Company recently announced it will be leaving the nuclear reactor construction business. This move is part of a series of steps the company has taken in recent months to make changes following its March decision to file for Chapter 11 bankruptcy....

Thad Moore - Mon July 31, 2017

Santee Cooper, SCE&G Halt Work on $14B South Carolina Nuclear Power Deal

Santee Cooper and South Carolina Electric & Gas will halt work immediately on two nuclear reactors in the Midlands, S.C., ending months of deliberation over the future of the troubled project. Santee Cooper, a state-owned electricity provider, said early Monday afternoon it would stop construction on the partially completed power units in Fairfield County, which have cost South Carolina utility customers nearly $9 billion so far....

Yuri Kageyama - Tue April 11, 2017

Toshiba Reports $9.2B in Losses After Nuclear Losses in U.S.

Toshiba Corp., whose U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, reported unaudited earnings April 11 and projected a 1.01 trillion yen ($9.2 billion) loss for the fiscal year that ended in March....