"A long-delayed Westinghouse Electric nuclear power project."
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Posted on 03/29/2017 3:29:41 PM PDT by fishtank
Westinghouse bankruptcy filing just the start for Toshiba
Fulfilling loan guarantees could further strain fragile finances
March 28, 2017 6:00 am JST
TOKYO -- Toshiba's plan to have Westinghouse Electric file for bankruptcy protection this week is a risky first step in a long and potentially complicated recovery, exposing the parent to a stiff financial blow if loan payments by the American nuclear unit falter.
(Excerpt) Read more at asia.nikkei.com ...
"A long-delayed Westinghouse Electric nuclear power project."
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Big OUCH for nuclear power.....
After 8 years of the 0bama Regime making war on energy production, what do you expect?
Not just Toshiba I’m afraid... some U.S. utilities could also suffer: http://oilprice.com/Latest-Energy-News/World-News/What-A-Westinghouse-Bankruptcy-Could-Mean-For-US-Utilities5507.html
They gamble, and lost.....
Sad.
Saw this story on NHKwld news this morning out of Japan....they pulled some other bonehead moves too..
you can be cure - if it’s westinghouse...remember that one?
“After 8 years of the 0bama Regime making war on energy production, what do you expect?”
I expect that fracking has lead to her increased production of natural gas and lower prices for natural gas. Lower prices for natural gas negatively impacts the nuclear power industry.
They are building power plants overseas profitably. The problem is that it’s prohibitively expensive to build them in the US because the regulatory hurdles are designed primarily to increase the costs.
Toshiba (spit) in the late 1980s it was revealed that Toshiba had been selling advanced ship-propeller milling tools to what was then the Soviet Union. This allowed the Soviet Union to make submarine screws quieter. Since I was serving aboard submarines in the US Navy at the time it could have had very negative impact on my life. I realize that 30 years is a long time to hold a grudge, maybe I’ll give it up someday, maybe.
Westinghouse is building reactors for S.C. Electric & Gas and for Southern Company. The ripple office of this bankruptcy will be felt for years and it will be painful.
I remember that. Thanks for serving.
I’ll never buy anything with a Toshiba label because of the sub propeller milling machines. I recall the exact moment when I heard the truth some 30+ years ago.
never
The last little part of the company still called Westinghouse. Was a great company once, before it was managed down the toilet.
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