AP
FILE - Construction is well underway for two new nuclear reactors at the V.C. Summer Nuclear Station in Jenkinsville, S.C. on Monday, April 9, 2012. (AP Photo/Jeffrey Collins)
COLUMBIA, S.C. (AP) A former official for the contractor hired to build two South Carolina nuclear reactors that were never completed will plead guilty to lying to federal authorities, court documents show.
Carl Churchman was the Westinghouse Electric Co. project director for the failed plant that cost ratepayers and investors billions of dollars after utility executives swore construction was on track even as the project rapidly fell behind.
Churchman will plead guilty to making a false statement to federal officials, according to a court filing last week. He could face up to five years in prison and a $250,000 fine for the offense.
Westinghouse headquarters campus going back on the market for sale bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Brookfield explores sale of stake in nuclear firm Westinghouse -sources, Reuters, 24 Apr 21, Joshua FranklinDavid French, Brookfield Business Partners (BBU u.TO) is exploring options including the sale of a minority stake in Westinghouse Electric Co that could value the U.S. nuclear power developer and servicer at as much as $10 billion including debt, people familiar with the matter said…
Toshiba mulls rejecting buyout offer, a day after CEO linked with bidder quit Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Toshiba Corp. is considering rejecting a buyout offer from CVC Capital Partners, sources said, raising the possibility of a hostile takeover bid. | BLOOMBERG
Kyodo Apr 16, 2021
Toshiba Corp. is considering rejecting a buyout offer from British private equity firm CVC Capital Partners as the Japanese industrial conglomerate seeks to remain listed, sources close to the matter said Thursday.
Senior Toshiba officials have told the company’s creditor banks that the electronics and infrastructure firm is opposed to CVC’s buyout plan worth over ¥2 trillion, and have asked them not to provide funding to the private equity firm for the planned acquisition, the sources said.