 | |
| Company type | Joint venture |
|---|---|
| Industry | Nuclear power Nuclear fuel Radioactive handling Inspection Welding |
| Predecessor | Westinghouse Electric Corporation |
| Founded | 1999, in Monroeville, Pennsylvania |
| Headquarters | , United States |
Area served | Worldwide |
Key people | George Westinghouse, (corporate namesake; founder of the original Westinghouse (1886)) Patrick Fragman, President and CEO[1] |
| Owner | British Nuclear Fuels Limited (BNFL) (1999–2006) Toshiba (2006–2018) Brookfield Business Partners (2018–2023) Brookfield Renewable Partners (51%) (2023–present) Cameco (49%) (2023–present) |
Number of employees | 9,000[2] |
| Subsidiaries |
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| Website | westinghousenuclear.com |
Westinghouse Electric Company LLC is an American nuclear power company formed in 1999 from the nuclear power division of the original Westinghouse Electric Corporation.[3] 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.
The company's main product is the AP1000, a modern pressurized water reactor (PWR) design with many passive safety features and modular construction intended to lower construction time and cost. Twelve AP1000 reactors are currently in operation with a further nineteen in various stages of planning.
The company was initially formed as CBS Corporation spun off the remaining pieces of Westinghouse's industrial concerns, as part of Westinghouse's re-creation as a media company. Portions of their nuclear business were initially purchased by Siemens in 1998 before the remaining parts were purchased by British Nuclear Fuels Limited (BNFL) in 1999 and formed up as Westinghouse Electric. In 2005, BNFL sold the company to Toshiba. The company went bankrupt in 2017 primarily due to ongoing cost overruns at the Vogtle Electric Generating Plant expansion, the first US build of the company's AP1000 design. It emerged from bankruptcy after being purchased by Brookfield Business Partners, a Canadian private equity fund. They sold it to a consortium of Brookfield Renewable Partners and Cameco, a Canadian nuclear fuel and services company. Renewable Partners is the current majority owner of Westinghouse.
- ^ "Westinghouse Electric Company's Leadership". Retrieved 2020-03-22.
- ^ "Westinghouse Locations". Retrieved 2020-03-22.
- ^ "Division of Corporations - Filing". icis.corp.delaware.gov.