The best news I've heard all week involves Toshiba-owned
Westinghouse, which has declared bankruptcy after years of
error and criminal accounting asset overstating woes. The firm
looks to be backing out of the southern U.S. nuclear projects
in Georgia and South Carolina, both of which are mired in
huge cost overruns and completion delays.
The new nukes, however, aren't exactly dead yet, as Southern
Co. and Scana Corporation are in embattled negotiations with
Westinghouse over the uncompleted nuclear reactors. Suggested
solutions range anywhere from converting the nuclear technology
to gas, to abandoning the projects entirely. Westinghouse
wanted out of their agreements with Southern and Scana via their
bankruptcy filing; some decisions are expected early in June.
This world needs more nuclear reactors about as much as we
need more wars; anything that delays or ends more nuclear
construction should be hailed as very good news for the
planet, excepting those interests profiting from said technology.
Sadly, small contractors and employees may well be hurt in
the ongoing kerfuffle, but they are defending themselves
through legal means...
Here's hoping THEY get good news!