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Troubled $25B Nuclear Project Gets OK to Continue

ATLANTA (AP) — Georgia's utility regulators are allowing construction to continue on two new nuclear reactors, despite massive cost overruns for the multi-billion-dollar project. The unanimous decision Dec....

Westinghouse to Abandon Nuclear Reactor Construction

Westinghouse Electric Company recently announced it will be leaving the nuclear reactor construction business. This move is part of a series of steps the company has taken in recent months to make changes following its March decision to file for Chapter 11 bankruptcy....

Santee Cooper, SCE&G Halt Work on $14B South Carolina Nuclear Power Deal

Santee Cooper and South Carolina Electric & Gas will halt work immediately on two nuclear reactors in the Midlands, S.C., ending months of deliberation over the future of the troubled project. Santee Cooper, a state-owned electricity provider, said early Monday afternoon it would stop construction on the partially completed power units in Fairfield County, which have cost South Carolina utility customers nearly $9 billion so far....

Toshiba Reports $9.2B in Losses After Nuclear Losses in U.S.

Toshiba Corp., whose U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, reported unaudited earnings April 11 and projected a 1.01 trillion yen ($9.2 billion) loss for the fiscal year that ended in March....

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