Article 2HEGT Nuclear giant Westinghouse files for bankruptcy protection

Nuclear giant Westinghouse files for bankruptcy protection

by
Adam Vaughan and Reuters
from on (#2HEGT)

Collapse of Toshiba unit, which has technology in about half world's reactors, will deal blow to UK's nuclear strategy

Westinghouse Electric, the US nuclear power plant giant, has filed for bankruptcy protection, threatening a further blow to the UK's atomic energy programme.

The filing for Chapter 11 protection from creditors will allow Pittsburgh-based Westinghouse, whose nuclear plant projects have been dogged by delays and cost overruns, to renegotiate or break its construction contracts, although the utilities that own the projects would likely seek damages.

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