What Does Westinghouse Bankruptcy Mean To Nuclear Energy Innovators? - News Summed Up

What Does Westinghouse Bankruptcy Mean To Nuclear Energy Innovators?


Westinghouse has been a major nuclear energy company since the earliest days of the technology development. Like almost everyone with a nuclear energy industry connection, many believe that the Chapter 11 filing is a big deal. Titled Consideration of Aircraft Impacts for New Nuclear Reactors; Final Rule, the announcement required a major redesign of the already certified AP1000. As an outside observer, I cannot explain why the damaging decision was meekly accepted without either strong resistance or a complete revision to the project cost and schedule projections. There were other contributing missteps in the nearly eight years that have elapsed since the NRC issued the Aircraft Impact Rule.


Source: Forbes March 31, 2017 22:30 UTC



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