Westinghouse Electric Company’s reorganisation plan – including its sale to Brookfield – has been approved by the US Bankruptcy Court. Westinghouse said the court’s approval of the plan is a “significant milestone in the company’s strategic restructuring”. Westinghouse filed for Chapter 11 bankruptcy protection with US courts in March 2017 to enable it to undergo strategic restructuring. The company’s bankruptcy filing affected only its US operations, including projects to construct a total of four AP1000 reactors at two projects, Vogtle in Georgia, and VC Summer in South Carolina.
World Nuclear News 29th March 2018 read more »