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 Westinhouse Electric.
In a move that appears to have surprised power-market observers, the U.S. Supreme Court last month agreed to decide whether a state can offer subsidies for powerplant construction to provide needed capacity—without infringing on the authority of federal regulators and distorting the wholesale price of electricity.
Entergy Corp. says it would be premature to discuss the contract delivery method or whether the New Orleans-based energy firm would request competitive bids for decommissioning work at the Pilgrim Nuclear Power Station in Plymouth, Mass.
Although a World Bank inspection panel has criticized on environmental and other grounds a mammoth coal-fired powerplant under construction in South Africa, the project will proceed and the bank