Michele Kearney's Nuclear Wire

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

Thursday, February 16, 2017


Toshiba's chairman resigns as nuclear power losses mount
The Westinghouse nuclear division operates a boiling water reactor training facility in Chattanooga, which had 88 employees at the end of 2016.http://www.timesfreepress.com/news/breakingnews/story/2017/feb/14/toshibas-chairman-resigns-its-nuclear-power-losses-mount/412787/

Toshiba handed a one month reprieve from lenders as financial woes deepen

Telegraph.co.uk - ‎11 hours ago‎
The embattled Toshiba group has been granted a one month reprieve on the terms of its £2.5bn loan for a second time this year after multi-billion pound nuclear writedowns put the group in danger of violating its loan agreements. The Japanese ...http://www.telegraph.co.uk/business/2017/02/15/toshiba-seeks-stay-execution-banks-financial-woes-deepen/

Westinghouse uncertainty has officials 'holding their breath'

E&E News - ‎Feb 15, 2017‎
Rising costs at U.S. nuclear projects such as the Plant Vogtle expansion (pictured in January) are hobbling Toshiba Corp., whose chairman resigned yesterday. Photo courtesy of Georgia Power Co. Toshiba Corp. said it would book a $6.3 billion write-down ... http://www.eenews.net/energywire/2017/02/15/stories/1060050084

Plant Vogtle losses threaten to bring down Toshiba

Atlanta Business Chronicle - ‎Feb 15, 2017‎
Cost overruns at Georgia's Plant Vogtle nuclear power plant are threatening a financial tsunami at electronics giant Toshiba Corp. Toshiba Corp. projected a $6.3 billion write-down, postponed its earnings report because of allegations of impropriety ...http://www.bizjournals.com/atlanta/news/2017/02/15/plant-vogtle-losses-threaten-to-bring-down-toshiba.html

Toshiba, The Dangers Of Being A Visionary: Disaster For Both Toshiba And The World Nuclear Industry

Seeking Alpha - ‎Feb 15, 2017‎
Toshiba considering majority sale of its market leading memory chip business, which is the prize asset of the company. $6.2 billion writedown due to US Westinghouse nuclear business leads to restructure of Toshiba's nuclear business. With construction ...http://seekingalpha.com/article/4046214-toshiba-dangers-visionary-disaster-toshiba-world-nuclear-industry

Analysis: How important is Moorside new nuclear plant to UK climate plans?

Carbon Brief - ‎Feb 15, 2017‎
The UK's plans for a fleet of new nuclear plants have suffered another setback after Japanese firm Toshiba said this week it would not build the planned Moorside nuclear plant in Cumbria. Moorside is supposed to be one of six new nuclear schemes built ... https://www.carbonbrief.org/analysis-how-important-moorside-new-nuclear-plant-uk-climate-plans

Toshiba's nuclear fallout shows the Government must take a stand


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