The investment is a bet by Baupost's chief executive, Seth Klarman, that Toshiba, which has been rocked by accounting scandals as well as the financial demise of its bankrupt
U.S. nuclear unit Westinghouse Electric Corp, will stand by its pledge to pay out these claims.
Toshiba is depending on the sale of the unit, the world's second - largest NAND chip maker, to cover billions of dollars in cost overruns at its now - bankrupt
U.S. nuclear unit Westinghouse.
The auction of the prized asset is essential to Toshiba's plans to cover multi-billion writedowns at
U.S. nuclear unit Westinghouse that have plunged it into crisis.
Not exact matches
Toshiba needs to sell the chip
unit to plug a giant hole in its finances caused by the failure of the conglomerate's
U.S. nuclear business, but the deal has snagged on such issues as antitrust concerns if the
U.S. disk - drive maker were a major owner.
But there has already been a core damage event in the
U.S. nuclear industry — TMI
Unit 2 — «so we've already blown the goal,» says Rick DeVercelly, a former operator at the Vermont Yankee and James A. Fitzpatrick (near Oswego, N.Y.)
nuclear plants, and now a trainer at the NRC.
Although fracking in the
U.S. produces more than 100 billion gallons of wastewater per year, the process requires significantly less water per
unit of energy than extraction and processing for coal and
nuclear power, according to past research by Jackson and his colleagues.
On the other hand, the last
unit to enter commercial operation was TVA's Watts Bar Unit 1 in June 1996, and the last successful order for a U.S. commercial nuclear power plant was in 1
unit to enter commercial operation was TVA's Watts Bar
Unit 1 in June 1996, and the last successful order for a U.S. commercial nuclear power plant was in 1
Unit 1 in June 1996, and the last successful order for a
U.S. commercial
nuclear power plant was in 1973.
This research was initiated through a grant by the Defense Threat Reduction Agency, a
unit of the
U.S. Department of Defense, and has been supported also by the DOE's National
Nuclear Security Administration through a consortium with Cornell University.
Hours earlier, Gregory Jaczko, the head of the
U.S. Nuclear Regulatory Commission, told Congress that spent fuel rods in
Unit 4 of the plant had been exposed, resulting in the emission of «extremely high» levels of radiation.
Once
units 3 and 4 join the existing two Vogtle
units already in operation, Plant Vogtle is expected to generate more electricity than any other
U.S. nuclear facility, enough to power more than 1 million homes and businesses.
He served in the
U.S. Air Force guarding
nuclear missiles as a member of a Security Forces
unit and recently graduated from Parsons in New York, receiving an MFA in studio art.
A December report from the North American Electric Reliability Corp. (NERC) said
U.S. power generation from renewable sources, along with natural gas, would produce enough electricity to offset retirements of
U.S. coal and
nuclear units over the next 10 years.
Eliminating Price - Anderson would be total craziness as it would either (A) shut down every
nuclear unit in the
U.S. or (B) if Utilities could theoretically get adequate insurance from the private market to satisfy their bond - holders, regulators, and politicians — it would be extremely pricey and electricity rates would go through the roof.
New
units being built in South Carolina have been abandoned, while the only other
nuclear construction project in the
U.S. — the Plant Vogtle expansion in Georgia — is behind schedule and over -LSB-...]
By helping to finance the construction of the reactors — the first new
U.S. nuclear power
units in more than 30 years — Obama is hoping to jump - start his efforts to pass comprehensive climate - change legislation, which has stalled in Congress in the face of GOP opposition.
The last new
U.S. nuclear power reactor built went into operation in 1996, but construction on that
unit began before the Three Mile Island incident in 1979 helped slam the brakes on the industry's first phase of widespread growth.