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Keyword: westinghouse

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  • Beijing's military hacked U.S. nuclear firm before Hunter Biden aided Chinese bid to acquire it

    03/16/2024 6:40:42 AM PDT · by Twotone · 14 replies
    Just the News ^ | March 14, 2024 | Steven Richards & John Solomon
    U.S. officials were acutely aware that Beijing was trying to obtain America's premiere nuclear reactor technology, including through illicit hacking, months before Hunter Biden and his business partners sought to arrange a quiet sale of an iconic U.S. reactor company to a Chinese firm, according to court records and national security experts. Hunter Biden's unsuccessful efforts to help CEFC China Energy acquire Westinghouse, one of America's most famous electricity and appliance brands, and its state-the-art AP1000 nuclear reactor began in early 2016 while Joe Biden was still a sitting vice president, memos published Wednesday by Just the News show. Just...
  • Westinghouse set to sign pact with Indian firm for nuclear reactors during Trump visit

    02/21/2020 8:05:38 AM PST · by kidd · 18 replies
    Reuters ^ | February 20, 2020 | Sanjeev Miglani, Neha Dasgupta
    NEW DELHI (Reuters) - U.S. energy firm Westinghouse is expected to sign a new agreement with state-run Nuclear Power Corporation of India for the supply of six nuclear reactors during U.S. President Donald Trump’s visit next week, officials said, aiming to kickstart a long-running project.
  • US affirms plan for 6 nuclear plants in India

    03/14/2019 2:40:12 PM PDT · by Jyotishi · 23 replies
    Indica News ^ | March 14, 2019 | IANS
    IANS -- The slow-moving US plans to set up six nuclear power plants in India have received a boost as the two nations reiterated their commitment to strengthening security and civil nuclear cooperation during the 9th India-US Strategic Security Dialogue. A joint statement issued on Wednesday after the dialogue, where the Indian side was headed by Foreign Secretary Vijay K. Gokhale, said that Washington "reaffirmed its strong support of India's early membership in the Nuclear Suppliers Group". "They committed to strengthening bilateral security and civil nuclear cooperation, including the establishment of six US nuclear power plants in India," it added....
  • Brookfield to buy Westinghouse for $4.6 billion

    01/07/2018 7:54:34 PM PST · by Rabin · 27 replies
    world-nuclear-news ^ | 04 January 2018 | Staff
    Brookfield Business Partners, together with institutional partners - collectively known as Brookfield - has agreed to acquire 100% of Westinghouse Electric Company from Toshiba Corporation for total of about $4.6 billion, the companies announced today.
  • Westinghouse says locking out union members at New Hampshire plant

    05/21/2017 1:44:11 PM PDT · by mdittmar · 17 replies
    reuters ^ | May 21, 2017 | Bill Berkrot
    Westinghouse Electric Co, a unit of Japan's Toshiba Corp (6502.T), said on Sunday it issued a lockout notice to 172 union members at its nuclear components manufacturing plant in Newington, New Hampshire, declaring that the sides had reached a stalemate in contract negotiations.
  • Engie sells stake in UK's NuGen Westinghouse project to Toshiba

    04/15/2017 9:21:13 PM PDT · by Rabin · 1 replies
    Utilityweek, UK ^ | Sunday, 16 April 2017 | staff
    Engie has announced the sale of its 40 per cent stake in the Moorside new build nuclear project to development partner Toshiba for around ¥15.3 billion (£110 million). The French firm invoked a contractual right to offload its share in the event of a default, after Toshiba’s subsidiary Westinghouse, which was due to supply three of its AP1000 reactors for the project, filed for bankruptcy protection in the US last week. //Snipp// Toshiba reported an operating loss of $4.97 billion and a “goodwill impairment" loss of $6.4 billion due to Westinghouse, which snowballed after the 2015 acquisition of CB&I Stone...
  • Toshiba's record fall highlights U.S. nuclear cost nightmare

    12/29/2016 5:20:54 AM PST · by RS_Rider · 23 replies
    Bloomberg News ^ | Wednesday, Dec. 28, 2016
    Toshiba Corp. shares plunged by the most on record as the once-heralded U.S. nuclear renaissance turns into a nightmare for the Japanese company. The shares fell by 20 percent, the most since 1974, according to available data, to close at 312 yen in Tokyo following a 12 percent drop Tuesday. Toshiba said it may have to write down billions related to an acquisition made by U.S. unit Westinghouse Electric that was geared toward completing the newest generation of reactors at two U.S. facilities. The projects, overseen by utilities Southern Co. and Scana Corp., are years behind schedule and billions of...
  • Memo undercuts Hillary story on controversial Russian uranium deal, Clinton foundation

    08/24/2016 5:30:56 PM PDT · by ameribbean expat · 21 replies
    State Department officials in fall 2009 - a year before the U.S. approved the deal - had obtained an internal strategy document from Russia's main nuclear energy firm, Rosatom, that provided a warning about Moscow's intentions as it "flexes muscles" in uranium markets. In one cable sent to Clinton, U.S. officials in Brussels warned Russia was about to strongarm U.S. ally Ukraine into a deal for "long-term supply of nuclear fuel" that could "shut" the U.S. company Westinghouse out of the market and extend Moscow's influence over Europe.
  • Approval of Reactor Design Clears Path for New Plants

    12/24/2011 9:58:46 PM PST · by Rabin · 23 replies
    NewYork Times ^ | December 22, 2011 | MATTHEW L. WALD
    The Nuclear Regulatory Commission unanimously approved a radical new reactor design on Thursday, clearing away a major obstacle for two utilities to begin construction on projects in South Carolina and Georgia. The decision, a milestone in the much-delayed revival of plant construction sought by the nuclear industry, involves the (new) Westinghouse AP1000, a 1,154-megawatt reactor design… China is in advanced stages of constructing four units of an earlier version of the AP1000. The first unit is scheduled to go online in 2013, about three years before the first one would begin operating in the United States. Congress has approved $18.5...
  • AP IMPACT: NRC and industry rewrite nuke history

    06/28/2011 6:40:13 AM PDT · by RS_Rider · 5 replies
    Associated Press ^ | June 28, 2011 | JEFF DONN
    ROCKVILLE, Md. (AP) — When commercial nuclear power was getting its start in the 1960s and 1970s, industry and regulators stated unequivocally that reactors were designed only to operate for 40 years. Now they tell another story — insisting that the units were built with no inherent life span, and can run for up to a century, an Associated Press investigation shows. By rewriting history, plant owners are making it easier to extend the lives of dozens of reactors in a relicensing process that resembles nothing more than an elaborate rubber stamp. As part of a yearlong investigation of aging...
  • Feds raise questions about Westinghouse's AP1000 reactor

    05/21/2011 5:28:24 PM PDT · by RS_Rider · 12 replies
    PITTSBURGH TRIBUNE-REVIEW ^ | Saturday, May 21, 2011 | Joe Napsha
    The Nuclear Regulatory Commission said on Friday that it found additional technical issues with Westinghouse Electric Corp.'s new AP1000 nuclear power reactor design, prompting critics to call for a suspension of the agency's license review process. The commission raised questions regarding the shield building situated over the reactor in the AP1000 design, as well as the peak accident pressures expected within the containment unit. The agency said it would consider what impact the technical issues will have on scheduled AP1000-related application reviews after its staff examines Westinghouse's response. As far back as October 2009, the commission had raised concerns about...
  • Westinghouse surrendered next-generation nuclear plant specs

    04/04/2011 5:31:57 AM PDT · by RS_Rider · 31 replies
    PITTSBURGH TRIBUNE-REVIEW ^ | Monday, April 4, 2011 | Lou Kilzer
    Editor's note: This is the second of two parts: Yesterday's segment shared Motorola's and Apple's experiences doing business with China. Click here to read it. Westinghouse Electric Co. is sharing important technical information about its next-generation nuclear reactors with China with the hope that it will create business -- and not a competitive monster. China has 13 nuclear reactors, 25 under construction, and many more planned, said Westinghouse spokesman Vaughn Gilbert. China will spend an estimated $120 billion during the next nine years, a sum expected to more than double by 2030. The Cranberry-based company says it's confident that in...
  • Obama's Travel Companions in Brazil

    03/19/2011 6:52:59 PM PDT · by GVnana · 86 replies
    U.S. CEOs IN BRAZIL WITH OBAMA JEFFREY R. IMMELT - CEO, GENERAL ELECTRIC Jeffrey Robert Immelt.. Immelt will retain his post at G.E. while becoming "chairman of the Council on Jobs and Competitiveness, a newly named panel that President Obama is creating by executive order."ARIS CANDRIS - CEO, WESTINGHOUSE Prior to this appointment, Dr. Candris served as senior vice president, Nuclear Fuel, providing fuel fabrication, components and services to commercial nuclear power plants worldwide.JAMES T. HACKETT – CEO, ANADARKO PETROLEUM CORP He currently serves as a director of Fluor Corporation, Halliburton Company and The Welch Foundation.JOHN V. FARACI – CEO,...
  • Activists petition NRC saying Westinghouse's new reactor is flawed

    04/22/2010 2:31:37 PM PDT · by RS_Rider · 8 replies · 361+ views
    PITTSBURGH TRIBUNE-REVIEW ^ | Thursday, April 22, 2010 | Thomas Olson
    Anti-nuclear power activists petitioned the Nuclear Regulatory Commission yesterday to investigate their claims of design flaws in new Westinghouse Electric Co.'s reactors that could lead to radiation emissions. Both the company and the regulator rejected claims the yet-to-be-built reactor would likely corrode and said regular inspections would catch any deterioration early on. The AP1000 Oversight Group — named for the "Advanced Passive" Westinghouse AP1000 design — said the commission should suspend license approval of the nuclear reactor until the design "defects" are corrected. The group alleges the space between the outer shield building and the structure that contains the reactor...
  • Westinghouse must prove reactor can withstand catastrophes

    03/30/2010 9:32:33 AM PDT · by RS_Rider · 29 replies · 625+ views
    PITTSBURGH TRIBUNE-REVIEW ^ | Tuesday, March 30, 2010 | Joe Napsha
    <p>Westinghouse Electric Co. must prove that the building it designed to shield its nuclear reactors can withstand natural disasters such as strong earthquakes, hurricanes and tornadoes before the reactors are approved for a Georgia power plant, a federal agency said yesterday.</p>
  • Westinghouse at core of nuclear power trend toward smaller reactors

    03/14/2010 5:57:23 AM PDT · by RS_Rider · 21 replies · 727+ views
    PITTSBURGH TRIBUNE-REVIEW ^ | Sunday, March 14, 2010 | Thomas Olson
    The nuclear power industry that reawakened only a couple years ago is getting a booster shot these days from much-smaller reactors that would be far more affordable. Once again, Westinghouse Electric Co. is at the core of the trend. It's designing a small nuclear reactor the size of a bus that can be built in a factory and shipped to a power plant. It would generate up to one-quarter the power of current nuclear reactors, but cost about one-tenth as much. Small modular reactors, as they're called, are being designed by several companies that could be installed as early as...
  • Nuclear plants on hold

    02/17/2010 3:04:47 PM PST · by RS_Rider · 28 replies · 704+ views
    PITTSBURGH TRIBUNE-REVIEW ^ | Wednesday, February 17, 2010 | Rick Stouffer
    A project to build the nation's first new nuclear plant in 30 years is eligible for $8.3 billion in federal loan guarantees -- even though the Westinghouse Electric Co. reactors to be used in the plant don't have final Nuclear Regulatory Commission approval. President Obama announced Tuesday that the loan guarantees will be offered to four electric utilities that would own the expanded Plant Vogtle near Waynesboro, Ga. Two new reactors are to be built there at a cost of about $14 billion. The main sticking point now is the commission's criticisms of Cranberry-based Westinghouse's design for buildings to house...
  • NRC, Westinghouse to meet on nuclear-reactor design

    11/13/2009 2:59:19 PM PST · by RS_Rider · 18 replies · 949+ views
    Tribune-Review ^ | 11/13/2009 | staff and wire reports
    Nuclear Regulatory Commission staff will meet with Westinghouse Electric Co. next week to discuss the safety of its proposed AP1000 nuclear-reactor design. Toshiba Corp.'s Westinghouse unit will address the commission's concern about the structural integrity of the silo-shaped shield building that would contain the reactor and trap radioactivity in an accident, NRC Chairman Gregory Jaczko said. Containment buildings at existing reactors were poured at the site as a solid piece of steel-reinforced concrete, Jaczko said. Westinghouse wants to piece the building together from sections, he said. "When you're dealing with the kinds of accident scenarios that we look at, or...
  • Puzzling connections in Obamagate

    11/29/2008 8:47:07 PM PST · by Calpernia · 57 replies · 2,336+ views
    drorly.blogspot.com ^ | Thursday, November 27, 2008 | By Orly Taitz
    Yesterday the fourth law suit, challenging Obama's citizenship and Natural Born status reached the Supreme Court: 1. Philip J Berg, PA An answer from Barack Obama is due by Dec.1 2. Leo C. Donofrio, NJ The case is scheduled for conference by all 9 judges on Dec 5 3.Chris Strunck, NY filed with SCOTUS last week 4. Cort Wrotnowski, CT (second case)filed yesterday. many more to come... As explained earlier, Hawaii allows one to obtain a Certification of Hawaiian Live Birth based on a statement of one relative only. It means,that while Obama was born in Kenya, his grandma or...
  • Westinghouse Sees Nuclear Power Growth

    08/15/2008 12:42:29 PM PDT · by kellynla · 64 replies · 543+ views
    Pittsburgh Post-Gazette ^ | August 15, 2008 | Len Boselovic
    Westinghouse Electric Co. yesterday assigned senior executive Ricardo G. Perez to develop the Monroeville-based company's strategy for capitalizing on anticipated worldwide growth in the nuclear power industry. Mr. Perez, 49, was named to the newly created position of senior vice president of global growth and innovation. The 27-year Westinghouse veteran had been senior vice president of nuclear services. That position will be filled by Nick Liparulo, 58, currently vice president of engineering services. "We cannot afford to take a 'wait-and-see' attitude toward the market," said Aris Candris, Westinghouse president and chief executive officer. "We must proactively evaluate every aspect of...