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Month: March 30, 2017

  • March 30, 2017
  • Admin

Westinghouse Files for Bankruptcy

Westinghouse, filed for Chapter 11 bankruptcy Wednesday, dealing another blow to the future of the nuclear power industry and leaving questions about the fate of four reactors under construction in the United States. The U.S. company will no longer be under Toshiba’s control and will be stripped out of its financial results, the Japanese conglomerate […]

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  • March 29, 2017
  • Admin

Visit to VC Summer

Sid visited VC Summer to thank Tom Howell for his support on the Vision Project and David Michaelson for his support on the Maintenance Training Program.  

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  • March 28, 2017
  • Admin

Nuclear Fishing

Rico Fernandes and his co-workers on a fishing trip off Tybee Island, GA last weekend.  

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  • March 23, 2017
  • Admin

Toshiba’s Westinghouse seeks U.S. bankruptcy financing – sources

Reuters Reports Westinghouse Electric Co LLC, owned by Japanese electronics company Toshiba Corp (6502.T), is taking offers for a financing package to help it go through U.S. bankruptcy, people familiar with the matter said on Monday. Toshiba is reviewing proposals from financial institutions and investment firms about a so-called debtor-in-possession loan, which would carry the […]

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  • March 21, 2017
  • Admin

Yucca Mountain Included in White House Budget Plan

In 2010, President Obama cut funding and withdrew the application for the Yucca Mountain storage facility which has been studied by the U.S. government since the 1970s as a potential repository for the nation’s radioactive waste, and billions of dollars have been spent on it. Now, The Trumps Administration 2018 budget plan for the Department […]

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  • March 15, 2017
  • Admin

NuScale Power, LLC Design Accepted for Review by U.S. NRC

NuScale Power, LLC announced today they received notification that NuScale’s first-ever Small Modular Reactor (SMR) Design Certification Application (DCA) was accepted for review by the U.S. Nuclear Regulatory Commission (NRC). By accepting the DCA for review, the NRC staff is confirming that NuScale’s submission addresses all NRC requirements and contains sufficient technical information to conduct […]

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  • March 15, 2017
  • Admin

Toshiba’s Troubles Continue and the Fate of Westinghouse is Still Unclear

Toshiba Corporation said it would consider a sale of Westinghouse but did not offer any clarity on whether it would proceed with a Chapter 11 filing for the U.S. nuclear unit – a move that could stem losses. Toshiba’s failure to submit audited third-quarter earnings on Tuesday and its announcement of an expanded probe into […]

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  • March 13, 2017
  • Admin

Birthday Cake for Jackie and Kaye

Yearly office meeting and Birthday celebration for Jackie and Kaye.              

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  • March 13, 2017
  • Admin

Congrats Carolyn!!

Congratulations Carolyn on 20 years with GTTSi!!  You are the best and we don’t know what we would do without you.  

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  • March 13, 2017
  • Admin

Vogtle’s Guaranteed DOE Loan Could Be a Problem for U.S. Taxpayers

As many of you know, Washington guaranteed $8.3 billion in loans to local utilities for the construction of two new reactors (Units 3 & 4) at the Vogtle nuclear power plant near Waynesboro, Georgia. This guarantee was through the DOE (Department of Energy).  In fact, when all the dust settled Southern Company was the only […]

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