News for hackers. Stuff that matters.

A comment on Westinghouse Files for Bankruptcy, in Blow to Nuclear Power. Parent comment

Re:Westinghouse Files for Bankruptcy, in Blow to Nuclear Power by kesselvon on Wednesday March 29, 2017 @04:10PM (#13990104)
Westinghouse is a Japanese subsidiary now. It's basically a move to GTFO out of the nuclear power market
[ Parent | on HN ]
Re:Westinghouse Files for Bankruptcy, in Blow to Nuclear Power by masklinn on Wednesday March 29, 2017 @04:18PM (#13990177)
> It's basically a move to GTFO out of the nuclear power market

Except the losses come from the construction of new reactors (the AP1000 for the Vogtle and Summer plants), not the operation of them.

[ Parent | on HN ]
Re:Westinghouse Files for Bankruptcy, in Blow to Nuclear Power by fnordfnordfnord on Wednesday March 29, 2017 @08:35PM (#13991938)
Westinghouse's business model was to try to break even on construction and make money servicing and selling fuel rod assemblies.
[ Parent | on HN ]
Re:Westinghouse Files for Bankruptcy, in Blow to Nuclear Power by iamacynic on Wednesday March 29, 2017 @04:11PM (#13990122)
so then, sounds like quickest and cheapest (bankruptcy) way to do that is to get that division absorbed by another defense contractor or the gubmint.
[ Parent | on HN ]