Westinghouse - Articles - Page 3 | Engineering News-Record

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

The Westinghouse bankruptcy filing over estimated cost increases causes utility owners to reassess projects

Scott Judy

Pam Radtke Russell

April 5, 2017

3 Comments

Westinghouse Electric Co.’s recent realization of more than $6 billion in additional costs related to completing construction of two U.S. nuclear projects forced the firm to file for Chapter 11 bankruptcy protection on March 29.

Finance

U.S. Nuclear Projects Face Scrutiny as Westinghouse Files for Bankruptcy

Creditors include project contractors Fluor and CB&I

Scott Judy

March 29, 2017

No Comments

Westinghouse's bankruptcy filing adds more uncertainty to delayed nuclear expansion projects in Georgia, South Carolina.

Finance

CB&I CEO Asherman: Trust Toshiba to Finish Big Nuke Jobs

CB&I records a substantial loss for a second year in a row

Richard Korman

March 7, 2017

No Comments

Philip K. Asherman, chief executive of CB&I, says he believes prime contractor Toshiba Corp. will finish two delayed and over budget nuclear power-plant projects in Georgia and South Carolina.

Construction Risk Management

US Nuke Project Owners Prepare for Worst From Westinghouse

Will hundreds of millions of dollars in surety guarantees and letters of credit be needed?

Scott Judy

February 22, 2017

2 Comments

Utilities cite surety bonds and hundreds of millions of dollars in letters of credit in backup plans.

Nuclear Project Losses Mount for Toshiba, Westinghouse

Scott Judy

February 7, 2017

No Comments

Concerns about possible construction cost hikes at two U.S. nuclear expansion projects have escalated.

New COO for CB&I as Trial Looms in Nuke Deal Dispute

Debra K. Rubin

September 29, 2016

No Comments

Duane L. Kenagy, a former senior vice president of design firm Moffat & Nichol, will become interim CEO of the Port of Long Beach, Calif., as of Oct. 31.

Vogtle Nuclear Expansion Builders Pledge Construction, Worker Gains

Scott Judy

May 11, 2016

One Comment

Officially commemorating the 130th day under a new contracting team that is leading the $16-billion Plant Vogtle nuclear expansion project, top leaders with Georgia Power and its contractors on May 3 used the milestone to assure craft workers of their commitment to future construction gains.

Contractor Shake-Up Stirs Nuclear Project's Acceleration

Vogtle nuclear expansion project’s contractors plan to increase the number of workers to make up lost time

Scott Judy

March 21, 2016

One Comment

The new contractors at Plant Vogtle, the nuclear powerplant project where completion cost estimates have ballooned to $16 billion, know that the eyes of the world’s construction and engineering industry, not to mention Georgia Power ratepayers, are upon them.