Mar
29
Westinghouse Files for Bankruptcy, in Blow to Nuclear Power
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A Westinghouse project in Waynesboro, Ga., remains unfinished, its future in doubt after the bankruptcy filing. CreditReuters
Westinghouse Electric Company, which helped drive the development of nuclear energy and the electric grid itself, filed for bankruptcy protection on Wednesday, casting a shadow over the global nuclear industry.
The filing comes as the company’s corporate parent, Toshiba of Japan, scrambles to stanch huge losses stemming from Westinghouse’s troubled nuclear construction projects in the American South. Now, the future of those projects, which once seemed to be on the leading edge of a renaissance for nuclear energy, is in doubt…
Westinghouse Files for Bankruptcy, in Blow to Nuclear Power
