Toshiba’s nuclear flagship goes bust after $10 billion losses

The rapidly-evolving nuclear power crisis escalated dramatically yesterday when US nuclear giant Westinghouse, a subsidiary of Japanese conglomerate Toshiba, filed for bankruptcy.

Where Toshiba's $10bn nuclear debt came from:
 the Vogtle AP1000 construction site in
Georgia, under inspection by NRC
Commissioner Svinicki.

The Chapter 11 filing took place in the US Bankruptcy Court for the Southern District of New York in New York City.

Westinghouse and its parent Toshiba are in crisis because of massive cost overruns building four 'AP1000' nuclear power reactors in the southern US states of Georgia and South Carolina.

Read Jim Green’s story on the Ecologist - “Toshiba’s nuclear flagship goes bust after $10 billion losses.”