Home | About | Donate

Nuclear Power Suffers Major Blow With Westinghouse Bankruptcy


#1

Nuclear Power Suffers Major Blow With Westinghouse Bankruptcy

Nika Knight, staff writer

Major nuclear power company Westinghouse, a U.S. subsidiary of Japan's Toshiba, filed for Chapter 11 bankruptcy on Wednesday in a massive blow to the industry.

The filing marked "a defining moment in the decades-long downward spiral of the global nuclear power industry," wrote Greenpeace Japan in a statement.


#2

Yes - but will Japan bail out too big to fail Toshiba ?


#3

A terrible thing has happened in the North Pacific Ocean. It changed color from green to blue.

A similar thing happened in the South Pacific during thermonuclear weapon testing. The plankton disappeared for a while. The ocean became a desert. Everything up the food chain, the whole ocean, started starving and washing ashore. That's what newspapers and other major media outlets in Japan, in Alaska and in California are reporting now.

It's possible that this mass starvation is due to climate change, but it's also possible that Fukushima did the whole thing. Three reactors melted down. One of the reactors apparently went up in a runaway fission explosion, where everything inside the reactor pressure vessel turned to gaseous form and the reactor popped. Then little glassy radioactive microbeads rained down as nuclear fallout at least as far south as downtown Tokyo. Certain tiny cracks and low spots in Tokyo will make a geiger counter start clicking. Best guess, that's where the fuel from that reactor went. Also, lots and lots of it went out to sea.

You can look all of this up on enenews.org. They liberally supply all of their references so you can go right to the original sources.

Bad PR from reality is knocking off the industry as much as bad management. Oh, and we need to close down our U.S. nukes ASAP.

By the way, it's likely that a salaried nuclear industry troll will come on to this comments area and she will write anything. Usually she will make up facts to fit her advertising needs, where the documentation of her made-up facts can never be traced to a legitimate media outlet. She will also express contempt for people holding contrary opinions, because contempt is cheap. Finally she'll write vast volumes of flak, notably off-topic fluff designed to make it much harder to read anything here posted by legitimate posters.


#4

This sucks. I like there tvs


#5

While this is partially good news; one must remember there is another enthusiastic builder of nuke plants that is probably viewing Westinghouse's bankruptcy as an opportunity...the French government. Until the French political class gets off the nuke teat (and this 'embrace' is almost universal with the almost sole exception of that country's Green party), there will still be a major player actively lobbying for the construction of nuke plants. Nonetheless, the positive is that Westinghouse is tottering due to a force that the elites of the planet bow to, money.


#6

I wondered how much of Toshiba/Westinghouse's financial implosion was related to Fukushima.

In my city the electrical company here is in the process of shutting down their nuke facility -- sounds like that was a wise move.


#7

Very little. The AP-1000 reactor they were selling had an intrinsic meltdown-proof design that was a response to incidents like TMI and Fukishima (which was a totally different kind of reactor). Nuclear power is selling poorly because of the current market conditions of cheap natural gas and to some extent coal - which will see a bit of re-birth under Trump's policies, unfortunately.


#8

It's not good news from a CO2 emissions perspective. Nuclear will be replaced with natural gas and coal.


#9

Nuclear power plants should never have been built in the first place for all the obvious reasons.


#10

Right, my first thought is "Who's going to get stuck with the bill when all the people who made money off these old reactors declare bankruptcy and dance off into the sunset?" They're all just disasters waiting to happen.


#11

Here's how Washington State's BIG nuclear power plant project (4 proposed) became a fiasco: Carter era energy policy and tax credit programs. Insulated homes are more comfortable, cleaner, healthier as well as energy efficient. Thousands of homes slated for demolition were saved if not for these upgrades that justified shutting down Oregon's Trojan plant for the same reason: more expensive to maintain than shut down. I'm looking at EV to PV household systems that complement regional utility grid connections. I think that's the next big system to arrange and invest in.


#12

Now if only George Westinghouse had lived to fully back Tesla.


#13

1) Private companies make all the profits. Govt provides insurance, cleanup & waste storage.
2) Nuclear waste remains toxic for many tens of thousands of years, committing thousands of future generations (if they exist) to babysitting that waste.

Duh!

I was in my early teens when the first commercial nuclear power plants were built & it was obvious to me then that this was madness. No one had a clue what to do with the waste. "Oh, we'll solve that problem later." Well, it's later now, lots later, and no one has a solution.

Greed plus stupidity plus more greed and stupidity.


#14

And commercial nuclear power plants would never have been built in the first place if the US government hadn't acted as the liability insurer.

They, as in the AEC (which is just the Manhattan Project under another name, now called the Dept. of Energy), managed to blow up one of early test units for power generation in Idaho.

Then Detroit Power lost control of what was one of the first commercial power generation plants 30 miles outside of Detroit--this was in the early 1960s.

Welds and pipes exposed to radiation, particles and rays, break and become brittle in all sorts of new and unfamiliar ways.

While with coal or gas plants, engineers had 2000+ of metallurgy to go by when designing those power plants.

With nuclear plants, they had 15 years of rushed weapons development plants to go by. No one in say 1930 had a clue about how to make steel that wouldn't become brittle after exposure to radiation for say two decades. Not sure anyone in 2017 really understands that puzzle either.


#15

Nuclear power produces huge amounts of CO2, it's on the refining and mining of uranium side of the equation.

Then there's the extra-special steel that needs to be made to sort of withstand radiation, well at least for say 20 years.


#16

The plant in Fukushima is a GE design, if you're counting. It also wasn't built to the standard it was supposed to have been built to. Though neither of those things has much to do with the meltdown.

GE got out of the business, sold their nuclear engineering division to Bechtel.


#17

Probably.


#18

Here in Florida, we're already paying for a Nuclear Power plant that had to be decommissioned due to damage caused during routine maintenance. We'll continue paying for this nuclear power plant for the next 25 years or more even though it won't ever generate any energy again. The company didn't even have to go bankrupt. We're still stuck with the bill...


#19

The fossil fuels mafia are probably dancing a little jig as they have another argument to prolong the effective life of their 19th Century technology. Unnoticed by corporate media is the ever increasing efficiency of renewables as well their plunging costs.


#20

When a technologically has the capability of rendering huge swaths of the planet uninhabitable for hundreds of thousands of years, how much CO2 it emits is irrelevant. Poison is poison, whether it be carbon or radiation run amok. Both will kill the planet. Furthermore, nuclear reactors emit some radiation during their everyday operations, steadily creating health hazards for all living things in range. The very idea that nuclear power can seriously be considered a positive "alternative' to coal is preposterous.

Whatever the cost, the world has to get off its current poison power diet! Not doing so is comprehensively the most expensive choice.