This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies
By closing this message or continuing to use our site, you agree to our cookie policy. Learn More
This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
ENR logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
ENR logo
  • News
  • Projects
    • Buildings
    • Construction Methods
    • Design
    • Sustainability
    • Transportation
    • Environment
    • Power & Industrial
    • Water & Dams
    • Best Projects
  • Business
    • Safety & Health
    • Workforce
    • Finance
    • Companies
    • Project Delivery
    • Ethics & Corruption
    • Government
    • Risk
    • Pulse
    • Contractor Business Strategy
  • Talent
    • Awards
      • Top 25 Newsmakers
      • Award of Excellence
      • Legacy Award
      • Top Young Professionals
    • Promotions & New Hires
    • Obituaries
    • Annual Photo Contest
  • Regions
    • ENR California
    • ENR MidAtlantic
    • ENR Midwest
    • ENR Mountain States
    • ENR New York
    • ENR New England
    • ENR Northwest
    • ENR Southeast
    • ENR Southwest
    • ENR Texas & Louisiana
    • Regional Contests and Surveys
  • Tech
    • Information Technology
    • Construction Technology
    • BIM
  • Products
    • Equipment
    • Materials
    • Product Snapshot
  • Ideas
    • Blogs
    • Editorials
    • Viewpoints
    • Letters
    • Book Reviews
  • Costs
    • Construction Economics Archive
    • Construction Cost Index
    • Building Cost Index
    • Historical Indices
    • Quarterly Cost Reports
    • FAQs
  • Lists
    • ENR Top Lists
    • ENR Sourcebooks
    • Survey Schedule
  • CE Center
  • InfoCenters
    • Disrupt or Be Disrupted
    • Innovations in Waterproofing
    • Planning for Project Perfection
    • Revolutionizing Productivity Safety
    • The Business of Projects
  • Events
    • AEC BuildTech
    • Award of Excellence
    • Best of the Best Project Awards
    • FutureTech
    • Groundbreaking Women in Construction
    • Global Best Projects Awards
    • Port Authority of NY & NJ
    • Regional Best Projects
    • Top 25 Newsmakers
    • Upcoming Events
    • Webinars
  • More
    • Subscription
    • Proposals & Bids
    • Industry Jobs
    • Special Reports
    • Sponsor Insights
    • Store
    • Videos
    • Interactive Spotlights
    • Digital Editions
    • Year In Construction Photo Contest
    • Special Advertising Sections
  • About
    • Contact
    • Advertise
Home » Fluor Will Finish Nuclear Projects in CB&I-Westinghouse Deal
Get access for FREE with your paid ENR magazine subscription!
Power & IndustrialSoutheast Construction NewsProjects

Fluor Will Finish Nuclear Projects in CB&I-Westinghouse Deal

November 5, 2015
Pam Radtke Russell
KEYWORDS Fluor / nuclear / Plant Vogtle / power plant / Westinghouse
Reprints
No Comments

In a huge deal that Wall Steet analysts said posed both rewards and risks for its key participants, Chicago Bridge & Iron on Oct. 27 said it would sell its nuclear construction business in the U.S. and China to Westinghouse Electric. Included in the deal is ongoing construction of the controversial Summer and Vogtle plants in South Carolina and Georgia, respectively, that Fluor Corp. now is set to complete. Under the $229-million transaction, CB&I’s nuclear construction division, Stone & Webster, would transfer to Westinghouse.The buyer plans to assume all liabilities for the projects, indemnifying CB&I, while Fluor is set to finish the projects on a cost-plus basis. 

Under the agreement, Westinghouse will purchase CB&I’s nuclear-facility design, construction, procurement, management, installation, start-up and testing operations. It also is buying CB&I’s nuclear integrated-services business, which includes small capital projects for existing nuclear plants in the U.S. Westinghouse will pay CB&I $161 million after Westinghouse substantially completes work on the eight reactors—four in the U.S. and four in China—that the two firms had been working on together. The 1,100-MW AP1000 reactors are slated to be operational by 2020.Westinghouse will pay CB&I another $68 million for a continued supply of modules, fabricated pipe and specialty services on a subcontract basis.

Want to read more? Paid ENR magazine subscribers get full access. Login now or Register Your Email.
Not a Subscriber? Purchase TODAY...as low as $39.00 (digital) or $49.00 (print).
Privacy Policy

Related Articles

Deal Reached With Westinghouse to Keep Nuclear Projects Going

$6B Cost Estimate Increase Imperils U.S. Nuclear Projects

Subscription Center
  • Subscribe
  • Renew Your Subscription
  • eNewsletter Subscriptions
  • Online Registration
  • Subscription Customer Service
  • Connect with ENR

More Videos

Popular Stories

NTSB final Report

Final Collapse Report Details Miami Bridge Team's Failures

Southern Ohio Veterans Memorial Highway

Fixing Construction's Fixed-Price Conundrum

Damaged tower cranes

Tricky Takedown of Tower Cranes Readied Collapsed New Orleans Hotel for Demolition

Md Bridge

Skanska-Led Team Aims for Early 2020 Start on $463M Maryland Bridge

Haverhill

Fatality on I-495 Bridge Project in Mass. Raises Questions Over Proper Training

Industry Jobs



Poll

ENR Photo Contest Special Issue

Help us select the cover of our Photo Contest special issue, which runs January 13.
View Results Poll Archive

Products

2020 BNi Green Building Square Foot Costbook

2020 BNi Green Building Square Foot Costbook

See More Products

Special Ad Section

Spotlight on Service Providers
 Spotlight on Service Providers
 View all Special Ad Sections
 Archives

 


ENR

ENR December 16, 2019 cover

Dec 16, 2019

To attract a broader and more diverse workforce, companies and unions are courting the LGBTQ+ community and strengthening recruiting and retention efforts.

View More Create Account
  • Resources
    • advertise
    • contact us
    • about us
    • photo submissions
    • customer service
    • digital edition
    • Survey And Sample
  • Subscription Center
    • Subscribe
    • Website Registration
    • Privacy Policy
    • eNewsletters
    • FAQ
  • Multimedia
    • Videos
    • Slideshows
    • Photo Contest

Copyright ©2019. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing