Tuesday, February 14, 2017

I wish I could spin this ... but I can't

Bad financial news about Toshiba today, which owns Westinghouse, which was/is building the first new nuclear power plants in the United States in a long time (in Georgia).

Toshiba is writing down their investment to the tune of $6.3 billion dollars.  That's a lot.  Toshiba is potentially facing bankruptcy.  And because Westinghouse has been the main builder of new plants other than Areva, and has plans with other countries, this affects those plans, too.

Not good.

Uncertainty at Toshiba puts Westinghouse in limbo

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