Posted on 08/15/2008 12:42:29 PM PDT by kellynla
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 our organization to ensure that we are prepared to provide a large volume of new plants throughout the world."
Burgeoning interest in nuclear power has energized Westinghouse, increasing its revenue from $900 million in 2000 to about $2.8 billion in its most recent fiscal year. The company employs 10,400 worldwide.
Spokesman Vaughn Gilbert said buyers in more than 40 countries, including the United Kingdom and South Africa, have contacted Westinghouse regarding new nuclear power plants. Some industry observers expect that an additional 200 nuclear plants could be built over the next 20 to 25 years, he said.
Westinghouse won contracts this spring to design and build four nuclear reactors in Georgia and South Carolina, the first domestic projects of their kind since 1978. The Shaw Group will perform the work with Westinghouse, which last year began building four new plants in China.
Mr. Gilbert said Westinghouse's AP1000 reactor has been selected as the technology of choice for about 10 other proposed U.S. plants.
(Excerpt) Read more at post-gazette.com ...
Wait... something that actually makes sense? I’m shocked. I don’t know what to do. This “logic” thing confuses me and makes my head hurt. /s
We can only hope that sanity will return.
ping
As we used to say in the Navy, it may be screwed up if it’s GE, but you can be sure if it’s Westinghouse.
Sigh.
I remember when the big Circle-Bar-W was a Pittsburgh industrial colossus. Operations in every time zone.
Once upon a time...
“As we used to say in the Navy, it may be screwed up if it’s GE, but you can be sure if it’s Westinghouse.”
Maybe so but the...
“AP1000™ pressurized water reactor (PWR). It is the only Generation III+ reactor to receive Design Certification from the U.S. Nuclear Regulatory Commission (NRC).”
http://www.ap1000.westinghousenuclear.com/
I was a Navy nuke, and it was a joke, btw.
I was a Navy nuke, and it was a joke, btw.
Bump
“I was a Navy nuke”
Well you can confirm the safety & performance of nuclear power.
I think Westhinghouse is owned by Toshiba and their stock symbol is TOSBF which I believe is at about $6 bucks. Might turn out to be a wise investment?
Good for them. Government regulation is horse crap (by and large).
All the utilities that have ordered or are contemplating new nukes are doing the exact same thing... adding a new unit at an existing nuclear site. For the most part, they all have more than enough land to do it. That solves several problems.
First, no need to apply with state and federal agencies for siting permission or to start from scratch on all the environmental impact statements and emergency planning stuff since the site is already approved and all the plans are already in place.
Second, there is far less chance of NIMBY opposition since folks who live near the existing nukes generally consider them to be very good neighbors and appreciate the tax revenue and the high paying jobs they provide in the local community.
Third, there is far less expense in developing the site since the tie lines, water resources and site security infrastructure already exist.
FWIW, utilities building new coal plants are doing the same thing.
The Shaw Group
SGR on the NYSE
http://www.shawgrp.com/
have to check it out..
looks like they have a bright future
ahead as do all of us,
if we build some plants and soon..
and some new refineries..
So, conceivably, couldn’t all the 100 plus existing nuclear power plants in America double and even triple their capacity by adding new generators and expanding existing equipment thus avoiding the red tape, lawsuits and environazis ?
hey, hey...I spent years with GE in engineering on the BWR units before going into GE Aerospace.
The GE military reactors were first rate designs. Their civilian systems were always a little dicey, where the Westinghouse civilian units worked very well. The systems overall...depended on who was the designated design agent. The units built by GE while GE was design agent were excellent. The units build by GE when Westinghouse was the design agent were crap. The same is true, when GE was the design agent and Westinghouse built the follow-on units.
The design agent designation would swap back and forth, and both GE and Wesinghouse would have to turn over their designs to the other when the design agent designation would change hands at the letting of a new contract. They both held back key information from the other to gain an advantage in the next contract when the other couldn’t build the original design agents units. It was/is a mess.
If it was a Westinghouse design then they should be the ones to build it. Same for GE.
Thanks for your many great posts.
I had to go back and check the history of Westinghouse online, I thought the company ceased to exist. It did, became CBS.
I also thought they dropped the nuclear fuel business after they almost bankrupted the company sending the stock down to $3/share. They didn’t. Next time Westinghouse tanked it only went down to $6/share.
Westinghouse is now CBS and they divested the nuclear fuel business about a decade ago.
Well, you avoid some of them. But there are still a number of other hurdles and hoops they will need to jump through. It won't be easy, but I feel confident they will be able to get it done.
Plus, that '100' plants (actually 104 operating reactors) are on around different 50 sites around the country. (Can't recall the exact number.) Most nuke "plants" are multiple units on the same site. Most of those are two units with a couple that are three units.
In 1995, Westinghouse buys CBS.
In 1999, BNFL plc acquires commercial nuclear power businesses of CBS, now known as the Westinghouse Electric Company
In 2006, Toshiba Corp. and its partners, The Shaw Group and IHI, acquire Westinghouse from BNFL.
Timeline available at the site of many other sell-offs, mergers and acquisitions.
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