nuclear-news

“Toshiba booked a net loss for the last financial year and pledged a bold restructuring, raising hopes it was finally moving beyond a $1.3 billion accounting scandal.” http://www.nytimes.com/2015/09/08/business/after-delays-toshiba-posts-a-yearly-loss.html

Toshiba had overinflated its value. According to The Economist (25 July 2015): “Mr Tanaka and two predecessors had incited subordinates to cook the firm’s books and inflate profits by ¥152 billion ($1.2 billion) over seven years to 2014.“[a]

8th electric rate increase for late, over-budget, Westinghouse (Toshiba) Nuclear Project?

Photo from SRS Watch
“In the midst of growing concern about mounting costs, the South Carolina Public Service Commission (SC PSC) is set to vote on Wednesday, September 23, at 2 p.m. on the annual rate hike for the over-budget, behind-schedule $6.8 billion nuclear reactor construction project of South Carolina Electric and Gas (SCE&G). The rate hike under consideration will be the 8th rate increase to pay for…