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USA White House in discussions with bankrupt Westinghouse nuclear – may provide tax-payer support

FT 28th June 2017, The White House has not ruled out providing government support for
Westinghouse, the bankrupt US nuclear group, as the Trump administration
works to ensure that the US remains a force in the nuclear industry. A
senior White House official said the administration is holding regular
discussions about Westinghouse since the company entered Chapter 11
bankruptcy proceedings in March.

Officials are trying to find a buyer for
Westinghouse to ensure it does not fall into Chinese or Russian hands, but
the White House is aware that without an acceptable private-sector solution
the group may need government help to remain under US control. https://www.ft.com/content/f1937a88-5c0f-11e7-9bc8-8055f264aa8b

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June 30, 2017 - Posted by | business and costs, politics, USA

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