nuclear-news

Deloitte to pay $34mn over audit work on US nuclear fiasco.

Deloitte has agreed to pay $34mn to investors who blamed the auditor for
losses stemming from the collapse of one of US’s largest nuclear power
projects, a rare legal settlement by a Big Four firm.

Former shareholders in the South Carolina utility Scana said Deloitte failed to spot red flags and allowed management to hide mounting problems with the construction of two nuclear reactors a decade ago. Scana shares tumbled when it eventually abandoned work on the reactors in 2017, leading to its cut-price sale to a rival utility and jail time for its former chief executive, who pleaded guilty to misleading regulators. The fiasco also pushed construction company Westinghouse into bankruptcy.

 FT 17th Oct 2025,
https://www.ft.com/content/f9fc0a78-ff10-40f3-8253-220d9acd56bb

October 20, 2025 - Posted by Christina Macpherson | business and costs, USA