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March 30, 2017

Westinghouse Files for Bankruptcy, in Blow to Nuclear Power Industry
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The Westinghouse Electric Company filed for bankruptcy protection on
Wednesday, in a major blow to the nuclear power industry. The Chapter 11
filing came as Westinghouse reported huge cost overruns in its efforts
to build new nuclear reactors in South Carolina and Georgia. Regulators
are now questioning whether the plants will ever be completed.
Westinghouse technology is used in more than half the world's nuclear
power plants. The company's bankruptcy comes as the cost of electricity
from solar and wind farms continues to drop.


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