Westinghouse Electric Co.’s recent realization of more than $6 billion in additional costs related to completing construction of two U.S. nuclear projects forced the firm to file for Chapter 11 bankruptcy protection on March 29.
Three contractors have been hit with $882,000 in fines and 24 citations from the Alaska Dept. of Labor for their roles in a safety-related incident last September on a project for Anchorage Municipal Light and Power.
While questions swirl around the future of large nuclear plants in the U.S. NuScale, majority owned by Fluor, is pushing a plan to build a nuclear plant using its small, 50-megawatt modular reactors.
In an executive order issued on March 28, the Trump administration is trying to make it easier to develop traditional energy resources by reducing environmental requirements on coal, nuclear, oil and natural gas, but whether it will stop the shift toward emission-free renewable energy is in doubt.
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