Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, February 15, 2017

NuGen Not Rattled As Toshiba Chairman Resigns

NuGen Not Rattled As Toshiba Chairman Resigns
Despite continued shake ups at Japanese conglomerate Toshiba, owner of Westinghouse Electric Company, the UK company NuGeneration said this week that it remained committed to the three-reactor project in northwest England known as the Moorside project, which is slated for West Cumbria.

Toshiba said Tuesday that its chairman Shigenori Shiga, will step down as chairman due to huge losses in the nuclear power division, citing larger losses than previously announced. Shiga will stay on as an executive, while stepping away from duties as chairman, according to an Associated Press report. Read more and comment http://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2017/02/15/nugen-not-rattled-as-toshiba-chairman-resigns-021501#.WKTL8hCXRSx

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