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Westinghouse Electric Company LLC is an American nuclear power company formed in 1999 from the nuclear power division of the original Westinghouse Electric Corporation. It offers nuclear products and services to utilities internationally, including nuclear fuel, service and maintenance, instrumentation, control and design of nuclear power plants. Westinghouse's world headquarters are located in the Pittsburgh suburb of Cranberry Township, Pennsylvania. Brookfield Business Partners is the majority owner of Westinghouse.

History
Westinghouse Electric Company was formed in 1999 after the original company with that name, George Westinghouse's Westinghouse Electric, founded in 1886, ceased to exist due to a series of divestitures and mergers through the mid-to-late 1990s. These included Westinghouse Electric's purchase of CBS in 1995, expansion into communications and broadcasting, and the selling off of most non-broadcast operations by 1998; renaming itself CBS Corporation. That same year, the Westinghouse Power Generation Business unit was sold to Siemens of Germany. In 1999, CBS Corporation sold its nuclear business (Westinghouse Electric Company) to British Nuclear Fuels Limited (BNFL). and a year later CBS Corporation was merged into Viacom (1971-2005), thus putting an end to the original Westinghouse. (Legally, Westinghouse Electric Corporation still exists, mainly for the purpose of licensing, as a subsidiary of CBS Corp.)

Sale to Toshiba
In July 2005, BNFL confirmed it planned to sell Westinghouse, then estimated to be worth $2 billion. This attracted interest from several companies, including Toshiba, General Electric and Mitsubishi Heavy Industries. When the Financial Times reported on January 23, 2006 that Toshiba had won the bid, it valued the company's offer at $5bn (£2.8bn). On February 6, 2006 Toshiba confirmed it was buying Westinghouse Electric Company for $5.4bn and announced it would sell a minority stake to investors. The sale surprised many industry experts who questioned the wisdom of BNFL selling one of the world's largest producers of nuclear reactors shortly before the market for nuclear power was expected to grow substantially; China, the United States and the United Kingdom were all expected to invest heavily in nuclear power. After the 2005 Indo-US nuclear deal, there was also hope that India's plan of massive investment in nuclear plants would help to revive the U.S. nuclear power industry. Reasons in favor of a sale were: The commercial risk of the company's business in Asia may have been too high for a company then owned by taxpayers; if Westinghouse won the bid for any new nuclear stations in a UK competition, questions may be raised of favoritism, but if it lost, it might have been seen as a lack of faith in its own technology. Finally, the record of UK governments building nuclear plants had been a commercial disaster. On October 16, 2006 the acquisition of Westinghouse Electric Company for $5.4 billion was completed, with Toshiba obtaining a 77% share, partners The Shaw Group a 20% share and Ishikawajima-Harima Heavy Industries Co. Ltd. a 3% share. On 13 August 2007 Toshiba sold 10% to Kazatomprom, the national uranium company for the Republic of Kazakhstan, for US$540 million, leaving Toshiba with 67%. Kazatomprom's ownership is entirely passive, with no voting or veto rights or presence on the board of directors.

In September, 2011, Toshiba was reported to be in talks to acquire the Shaw stake and both companies confirmed the story soon thereafter. Shaw CEO James Bernhard said, that Toshiba was paying US$1.6 Bn for the Shaw-owned 20% stake, and that it was the 50% rise in the yen on its yen-denominated debt over five years, which had led it to exercise its sale option. Toshiba said in late 2012 it was open to, and considering, having other partners invest in the business. The purchase closed in January 2013, and brought Toshiba's share in the company to 87% as a result of Shaw exercised its option.

Move to Cranberry Township, Pennsylvania
After several years of doing business there, Westinghouse decided to move its world headquarters from the Energy Center in Monroeville, Pennsylvania, to Cranberry Woods in Cranberry Township, Butler County, Pennsylvania, as reported in a 2007 memo to its employees that stated the main reason was the rapid expansion of the global nuclear industry. Construction began in July 2007, the move lasted from June 2009 to December 2010. The Repair, Replacement and Automation Services (RRAS) business segment moved to Cranberry Township earlier than other business segments to help alleviate space issues at the headquarters in Monroeville and was completed in spring of 2008. As part of this move, Westinghouse piloted the first commuter shuttle running an all-day loop between Monroeville and Cranberry Township. The shuttle ceased operation after Westinghouse formally closed, and sold their Monroeville facility in 2012.

2015 accounting difficulties
In 2015, concerns were expressed that the value of assets and goodwill in Westinghouse were overstated. Following an accounting scandal in which profits were overstated at Toshiba, leading to the CEO resigning, Toshiba stated that the Westinghouse nuclear business was more profitable than at acquisition in 2006.

In December 2016, Toshiba said it expected to write down its investment in Westinghouse by US$2.5 billion, adding that it was possible that their investment in Westinghouse could ultimately have a negative worth, due to cost overruns at U.S. nuclear reactors it was building. In February 2017, Toshiba revealed unaudited details of a 390 billion yen ($3.4 billion) loss, mainly in its US nuclear business which was written down by 712 billion yen ($6.3 billion). On 14 February 2017, Toshiba delayed filing financial results, and Toshiba chairman Shigenori Shiga, formerly chairman of Westinghouse, resigned. Toshiba considered selling the Westinghouse nuclear business.

2017 Chapter 11 bankruptcy
On 29 March 2017, Toshiba's Westinghouse filed for Chapter 11 bankruptcy, citing a yearly loss for Toshiba that could exceed $9 billion, almost three times its previous estimate. The Wall Street Journal reported that four nuclear reactors being built in the southeastern U.S. would be left to an unknown fate. In July, 2017, the co-owners of the V.C. Summer plant announced that the project was terminated. On September 24, 2017, the Post & Courier reported that Westinghouse had hired unlicensed workers to create mechanical and electrical blueprints for the V.C. Summer expansion without having a professional engineer sign off on them which was in violation of state law. The blueprints were often faulty and led to significant delays. The U.S. government had given $8.3 billion of loan guarantees on the financing of the four nuclear reactors being built in the U.S.

Besides the issues with the AP1000 design, the fuel manufacturing division has been profitable, but not enough to cover corporate overheads and support the other divisions. Research and development investment in fuel manufacturing has been low, which has impacted the quality and comparative performance of its fuel compared to competitors.

2018 sale to Brookfield Business Partners
On 6 April 2018, Toshiba announced the completion of the sale of Westinghouse's holding company to Brookfield Business Partners and some partners for $4.6bn.

Timeline

 * 1999: Westinghouse Electric Company officially began operations as BNFL's nuclear power business.
 * 2000: BNFL bought ABB Group's nuclear power business, and merged into Westinghouse.
 * 2004: Westinghouse bids for two Chinese reactor sites; the US Export-Import bank approved $5 billion in loan guarantees
 * 2006: Westinghouse acquired PaR Nuclear/Ederer Nuclear Cranes, providing fuel and cask handling equipment systems. Westinghouse Electric Company was sold by BNFL to Toshiba,
 * 2007: Westinghouse won China National Nuclear Corporation's bid for 4 AP1000 reactors including Technology Transfer agreement; acquired IST Nuclear of IST Holdings (South Africa); Carolina Energy Solutions (CES) and its affiliates Aggressive Equipment (AE), now WEC Machining; Construction Institute of America (CIA), now WEC Welding Institute; and Carolina United Services, now Carolina Union Services; Astare, a French nuclear engineering company headquartered near Paris.
 * 2009: Westinghouse acquired Nuclear Fuel Industries LTD, Japan's sole producer of nuclear fuel for boiling-water reactor and pressurized water reactors for $100 million and CS Innovations, LLC, an Instrumentation and Control (I&C) nuclear product supplier to the digital I&C safety system upgrade market.
 * 2010: Westinghouse announced involvement in a new, ultra-large forging press in the UK to be built at Sheffield Forgemasters in Yorkshire; took a major stake in Springfields Fuel Limited in the UK. Westinghouse moved world headquarters from Monroeville, Pennsylvania, to Cranberry Township, Pennsylvania.
 * 2012: Westinghouse cut 200 jobs citing the Fukushima disaster, Germany's Energiewende and low natural gas prices.
 * 2014: Westinghouse acquires Mangiarotti.
 * 2015 Westinghouse acquires CB&I Stone & Webster; Toshiba profits overstated leading to accounting scandal.
 * 2017: Westinghouse files Chapter 11 bankruptcy.
 * 2018: Acquisition by Brookfield Business Partners and partners.
 * 2019: Westinghouse acquires Canadian NA Engineering Associates.
 * 2020: Westinghouse acquires U.K. Inspection Consultants Limited and Rolls-Royce’s nuclear services division.
 * 2021: Westinghouse acquires Canadian firm Laveer Engineering; Westinghouse acquires 50% of Tecnatom.

CEOs

 * Charles W. Pryor Jr., 1997 - July 1, 2002.
 * Steve Tritch, July 1, 2002 - July 1, 2008
 * Aris Candris, July 1, 2008 - March 31, 2012
 * Jim Ferland, April 1, 2012- April 3, 2012 (2 days)
 * Shigenori Shiga, April 3, 2012 - September 2012 (interim)
 * Danny Roderick, September 2012 - June 2016
 * José Emeterio Gutiérrez, June 2016 - July 31, 2019
 * Patrick Fragman, August 19, 2019 – present

Association with ViacomCBS
Although no longer associated with CBS Corporation (now ViacomCBS), Westinghouse Electric Company LLC, as of 2011, still uses the trademarks owned by Westinghouse Electric Corporation, ViacomCBS' brand management subsidiary, under license, as is the case with other Westinghouse licensees.

Products and services
Westinghouse Electric Company supply all key components and services for the whole cycle of nuclear power, from the earlier stages (shortly after uranium mining), like nuclear fuel manufacturing, to the latest ones, like nuclear decommissioning and spent fuel processing. Westinghouse is a reactor manufacturer itself, and Westinghouse technology (components and services) is present in nuclear reactors from any supplier and global footprint: in nuclear plants, nuclear marine propulsion, microreactors...

AP1000 reactor
Westinghouse, and its legacy companies, developed different pressurized water reactors, like System 80 and AP600, that laid the groundwork for the current AP1000 design, the first Generation III+ reactor to receive final design approval from the NRC in 2004.

Four AP1000 reactors were constructed in China, at Sanmen Nuclear Power Plant in Zhejiang, and Haiyang Nuclear Power Plant in Shandong. The Sanmen unit 1 and unit 2 AP1000s were connected to the grid on July 2, 2018, and August 24, 2018, respectively. Haiyang 1 started commercial operation on October 22, 2018, Haiyang 2 on January 9, 2019.

As of January 2009, six AP1000 plants had been ordered in the US, and several other customers had chosen the AP1000, if they were to build new nuclear plants, for a combined total of at least 14 new plants, announced by the NuStart Consortium, Duke Power, Progress Energy, Southern Nuclear and SCE&G. In May 2011 after the Fukushima Daiichi nuclear disaster, US government regulators found problems with the design of the shield building of the new reactors. Gregory Jaczko, chairman of the Nuclear Regulatory Commission since 2005 said that computations submitted by Westinghouse about the building's design appeared to be wrong and "had led to more questions." He said the company had not used a range of possible temperatures for calculating potential seismic stresses on the shield building in the event of an earthquake, for example. The NRC asked Westinghouse not only to fix its calculations, but also to explain why it submitted flawed information in the first place. Westinghouse countered that the "confirmatory items" that the commission was asking for were not "safety significant."

In November 2011, the AP1000 Oversight Group published a report highlighting six areas of major concern and un-reviewed safety questions requiring immediate technical review by the NRC. The report concluded that certification of the AP1000 should be delayed until the original and current "unanswered safety questions" raised by the AP1000 Oversight Group are resolved.

In December 2011, the UK's Office for Nuclear Regulation published a design assessment report on the AP1000 reactor which highlighted 51 'Generic Design Assessment' issues remaining that must be addressed before the assessment would be completed.

In October 2013, US energy secretary Ernest Moniz announced that China was to supply components to the US nuclear power plants under construction as part of a bilateral co-operation agreement between the two countries. Since China's State Nuclear Power Technology Co (SNPTC) acquired Westinghouses's AP1000 technology in 2006, it has developed a manufacturing supply chain capable of supplying international power projects. Industry analysts have pointed out that there are gaps in the Chinese supply chain.

As of 2022, Westinghouse provides the development, licensing, detailed engineering, project management, component manufacturing and startup support for new nuclear power plants based on AP1000.

Other reactors
Based on the main AP1000 design, Westinghouse manufactures smaller reactors that may be used apart of nuclear power plants.

This is the case of Westinghouse SMR, integral pressurized water reactor with all primary components located inside the reactor vessel that reduces the number of components required compared to AP1000. The facility hosting a Westinghouse SMR usually occupies around 60 km2 and delivers 225 MWe.

Another case is eVinci™ Micro-Reactor, still under development, a very small modular reactor for decentralized remote applications. The reactor and everything needed to operate (fuel and equipment) can be transported in standard transportation vehicles and containers. It could be installed on site in one month and delivers combined heat and power – 1 MWe to 5 MWe.

Nuclear fuel
Westinghouse is a complete nuclear fuel supplier, including development, manufacturing, core engineering, safety analysis, component manufacturing, licensing and testing of nuclear fuel.

All the services related to nuclear fuel supply are performed at Westinghouse fuel manufacturing facilities in Columbia (South Carolina, United States); Springfields (United Kingdom) and Västerås, Sweden.

Components & Manufacturing
Westinghouse provides a complete portfolio of components and parts for many different reactors:


 * Reactor pressure vessels
 * Reactor coolant pumps
 * Steam generators
 * Fuel-handling equipment
 * Critical spare parts supply
 * Nuclear Steam Supply System (NSSS)

It also offers services for nuclear operations in the following areas:


 * Heavy and light machining
 * Manufacturing, welding and fabrication
 * Material supply and commercial dedication
 * Plant outage rapid component supply
 * Design for manufacturability consultation

Engineering Services
Westinghouse supply engineering and consultancy services for nuclear operators, focused on enhancing plant safety, improving plant performance and reliability and extending plant life.

This include products and services for nuclear operations fleet and adjacent markets:


 * Systems and risk applications
 * Component replacements and engineering
 * Primary system design and repair
 * Operations engineering and training

Instrumentation & Control
Full lifecycle of instrumentation and control products for all plant designs. Support operating nuclear plants, including improvements and upgrades, and new plants.

Products and services:


 * Control system component services
 * Outage support
 * Training
 * Cyber security
 * Safety-related platforms
 * Flux mapping
 * Plant computer systems
 * Nuclear instrumentation systems

Field Services & Plant Modifications
Services for nuclear utilities in their operations, like:


 * Full-scope global outage services for PWRs and BWRs, steam generators, refueling and associated outage work, fuel inspection and repairs and outage management
 * Outage control center
 * Shop and service center operations
 * WesDyne inspection services
 * Welding, machining and installation services
 * Technology and innovation

Decontamination & Decommissioning Solutions
Complete range of solutions for the decommissioning phase of the nuclear cycle:


 * Decommissioning plans
 * Nuclear component segmentation
 * Waste optimization and packaging
 * Deactivation for decommissioning
 * Final site surveys and monitoring
 * Waste storage and disposal facilities design
 * Regulatory issues management
 * Post-operation support
 * Spent fuel services
 * Waste treatment systems
 * Site and waste characterization plans

Staffing Services
Supply of technical and professional resources to recruit, onboard and staff nuclear operator's needs in a variety of areas with expert services in:


 * Contingent labor
 * Contract-to-hire
 * Direct hire
 * Outage support
 * Project-based solutions

Business organization
Westinghouse Electric Company is organized through five business units and six transversal areas supporting them.

Americas Operating Plant Services
This business unit is focused on sales, delivery and other operations for the existing nuclear operating plants across Americas.

Westinghouse serve customers in EMEA through sites in Brazil, Canada and United States.

In this region, Westinghouse owns one fuel fabrication facilities at Columbia (South Carolina, United States).

EMEA Operating Plant Services
This business unit is focused on serving as a single point of accountability for sales and delivery of products and services to the existing nuclear operating fleet in EMEA (Europe, Middle East and Africa). In these regions, the organization vertically integrates different operations: sales, commercial integration, marketing, government affairs, engineered systems and solutions, field services and plant modifications, and fuel delivery.

Westinghouse serve customers in EMEA through sites in these countries: Belgium, Bulgaria, Czech Republic, France, Germany, Italy, Poland, South Africa, Spain, Sweden, Ukraine, United Arab Emirates and United Kingdom.

In this region, Westinghouse owns two fuel fabrication facilities: Springfields (United Kingdom) and Västerås (Sweden).

Asia Operating Plant Services
This business unit is focused on developing and executing business strategy, delivering customer projects and interfacing with customers, partners, suppliers in the Asia region.

Westinghouse serve customers in Asia through sites in China, Japan and South Korea.

Energy Systems
This business unit is accountable for the development and sales for AP1000 reactors, small modular reactors and micro reactors, as well as advanced reactor development and other non-nuclear energy systems.

Environmental Services
This business unit offer services for the decommissioning, cleaning up retired plant sites and renew the landscapes where nuclear power plants used to be.

Global Operations Services
Global supply chain, global engineering, manufacturing and other technical capabilities that provide support to the business units.

Digital and Innovation
Management of global agendas for digitalization and innovation for all business at Westinghouse.

Quality, Environment, Health & Safety
Ensure the global safety and quality initiatives and policies in the highly technical and regulated environments where the company operates. This area includes the leadership in nuclear safety programs, industrial safety programs and quality assurance programs.

People & Culture
This organization manages Human Resources, Technical Training, Global Communications, Security and Facilities.

Finance
Responsibility for Westinghouse’s global finance and strategy operations.

Legal
Oversees all legal operations of the global business activities