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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 […]
Read MoreIn 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 […]
Read MoreNuScale 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 […]
Read MoreToshiba 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 […]
Read MoreYearly office meeting and Birthday celebration for Jackie and Kaye.
Read MoreCongratulations Carolyn on 20 years with GTTSi!! You are the best and we don’t know what we would do without you.
Read MoreAs 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 […]
Read MoreThe NRC has approved transfer of the operating license for the James A. FitzPatrick nuclear plant in upstate New York from Entergy Nuclear Operations to Exelon Corp. The NRC staff’s review of the license transfer application concluded that Exelon is financially and technically qualified to conduct the activities under the license, has satisfied the NRC’s […]
Read MoreWarmest wishes for a Happy Birthday to Kaye Browder and Jackie Pate! We are so happy that you’re a part of our team! Happy Birthday and all the best to you in the year to come!
Read MoreSouth Carolina Electric & Gas Company, a subsidiary of SCANA Corp., received confirmation from Westinghouse Electric Company that Westinghouse and Toshiba remain committed to completing two new nuclear reactors at the V.C. Sumner Nuclear Station. Additionally, Westinghouse revised its in-service dates for the reactors, with Unit 2 expected to come online by April 2020 and Unit […]
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