Last quote about Westinghouse

José Emeterio Gutiérrez
In Turkey we are working with SNPTC. Hopefully we will have some news very soon.feedback
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Sep 14 2017
Westinghouse has been commented on by 41 key people in the news. You can find all of them on this page with their statements. People who have been most quoted about Westinghouse are: Satoshi Tsunakawa, Jose Gutierrez, Paul Bowers and Paul Dorfman. For instance, the most recent quote from Satoshi Tsunakawa is: “Tokyo Stock Exchange rules say that if it decides to delist a company, then it obviously thinks the stability of the market is threatened if it's not delisted immediately. So we will do our utmost to avoid being delisted.”.
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Edwin Lyman - Union of Concerned Scientists

Fundamentally, it was an experimental project but they were under pressure to show it could be a commercially viable project, so they grossly underestimated the time and the cost and the difficulty.feedback

Joseph Ernst

The level and effectiveness of management oversight of daily activities was determined to be inadequate based on the quality of work.feedback

Gavin Liu

The rest of the Westinghouse business, the healthy part, which is new plant construction, fuel, service, decommissioning - we anticipate an ownership change. As long as the first unit is on line commercially, that is the foundation for the industry and the government to approve future AP1000 units. Hualong is a Chinese indigenous design based on China's early years experience in the nuclear area. It reflects the Chinese industry's own capabilities.feedback

Thomas Edison

The most suitable apparatus for this purpose is that class of dynamo-electric machinery which employs intermittent currents. The most effective of these are known as 'alternating machines' manufactured principally in this country by Geo. Westinghouse.feedback

Richard Morningstar

What is happening to Westinghouse and Toshiba only emphasises the need to double down on research on new, safe, nuclear technologies, such as small modular reactors. If we do not do so in the US, leadership will be ceded to other countries.feedback

Kevin Coyne - Unite

The latest news about the very poor financial health of Toshiba raises further concerns about its involvement in the construction of the Moorside nuclear power station in Cumbria. This follows hard on the heels of the Toshiba-owned Westinghouse Electric Company, due to supply the three AP1000 reactors for Moorside, applying for Chapter 11 bankruptcy protection in the US.feedback

Satoshi Tsunakawa

Tokyo Stock Exchange rules say that if it decides to delist a company, then it obviously thinks the stability of the market is threatened if it's not delisted immediately. So we will do our utmost to avoid being delisted.feedback

Greg Gordon - Southern Co.

We're facing a stark choice – shut down because (Westinghouse) no longer wants to provide support, or step in and take on direct payment of workers and vendors.feedback

Yasuo Naruke - Toshiba

The changes in the environment for the nuclear business, including the Fukushima disaster, were the remote cause for the Westinghouse writedown.feedback

George Borovas

They can come out of this (Westinghouse bankruptcy) with a very healthy nuclear business in Japan. Business lines such as nuclear fuel supply and services have a significantly different risk profile to nuclear new build projects.feedback

Hiroshige Seko

The issues related to Toshiba are for the managers of individual companies to discuss.feedback

John Ceffalio - AllianceBernstein

These are fundamentally strong credits, but that said, they have made a lot of investments in these plants and now there is more uncertainty on how much more it is going to cost or how much longer it will take to complete the plants. To date, both MEAG and Santee Cooper have had a lot of political support. We question how strong that support will be going forward given additional costs and delays.feedback

Brett Adlard - Piper Jaffray

It could be considered a dead-cat bounce in the market as people are starting to get comfortable with their ability to pay their bonds and it doesn't appear that this is going to lead to a default. The Trump administration, being so pro-jobs, shutting down these two large nuclear plants would look like a negative from their goal.feedback

Satoshi Tsunakawa

We want to make this our first step toward recovering our solid business.feedback

Richard Savage

The closure of our assessment of the generic design of the AP1000 reactor is a significant step in the process, ensuring the design meets the very high standards of safety we expect. We will now focus our regulatory attention on site specific assessments, and NuGen's application for a nuclear site license.feedback

Jos Emeterio Gutirrez

(The regulator review) represents a major milestone toward bringing a new generation of safe, clean energy to the United Kingdom through the Moorside Project. In addition, it expands the global regulatory pedigree of the AP1000 plant design and further confirms Westinghouse's innovative safety technology.feedback

Kevin Marsh - Scana

Our preferred option is to finish the plants. The least preferred option is abandonment.feedback

Doug Parr - Greenpeace

The world is watching the meltdown of a major corporation and questioning the cost of new nuclear. Declaring bankruptcy in the USA might shield Toshiba from Westinghouse's debt, but as Toshiba's share price ricochets and its multi-billion dollar losses escalate, the beleaguered nuclear industry is being shaken to the core again. Every nuclear project in Europe and the USA has gone massively over time and over budget. If Moorside is to go ahead, the UK government is likely to have to wade in with taxpayers' cash now Toshiba is poised to drop its majority stake.feedback

Ai Kashiwagi - Greenpeace

Toshiba is scrambling to find a buyer to take the Westinghouse anvil from around its neck. That is unlikely given the enormous uncertainties of future costs and likely multi-year lawsuits. While KEPCO might buy into the UK's Moorside project, doing so would not be a smart move. The Moorside reactors are of the same design that sunk Westinghouse's nuclear business. While KEPCO may be desperate to access the U.K. nuclear market, they would be making the same disastrous mistake that Toshiba made with its purchase of Westinghouse a decade ago.feedback

Dan Aschenbach - Moody's

As these units get decommissioned, to stay at that percentage you need more units. But you can't get there if you cannot construct it.feedback

Jos Emeterio Gutirrez

We are focused on developing a plan of reorganization to emerge from Chapter 11 as a stronger company while continuing to be a global nuclear technology leader.feedback

Liz Coyle

Neither scenario sounds good for ratepayers. People will either be forced to pay for something they never got or pay more to complete something that does not make economic sense.feedback

Stan Wise

We're getting briefings about what we're facing and at this point I don't think any of the options are terrific. Knowing what we know today, we might not choose to build the new reactors.feedback

Tom Clements

The financing cost of the new reactors alone will account for over 25 percent of a typical customer's bill by 2020.feedback

Paul Dorfman

While Kepco may wish to buy into NuGen they may find it both legally and financially problematic.feedback

Paul Dorfman

Toshiba has fallen on its sword and this has significant consequences for the UK's plans for new nuclear. Kepco of South Korea may come and buy into NuGen [the consortium behind the UK's Moorside plant]. But you can't necessarily sell off the bad bits of a nuclear corporation and keep the good bits.feedback

Satoshi Tsunakawa

It is unlikely that we will carry out construction work for future nuclear power plant projects, in order to eliminate risk.feedback

Georgia Power

We're continuing to monitor the situation with Westinghouse and are prepared for any potential outcome.feedback

Georgia Power

We will continue to hold (Westinghouse) accountable for their responsibilities under our agreement. Work continues to progress at the Vogtle site, we are monitoring the situation and prepared for any potential outcome.feedback

Mitsushige Akino - Ichiyoshi Investment Management

The market is nervous as Toshiba is reporting its earnings soon. We don't know how much Toshiba is planning to sell its semiconductor business for, and we don't know for sure how much loss in total Westinghouse will end up posting...there are too many important numbers that investors still don't know.feedback

Shailendra Roy

As long as the guarantees are in place, I see no reason why this won't go ahead. I don't think the financial crisis at Westinghouse will affect the execution of the project. The project is on, it is viable and that is what the government has intimated to us.feedback

Rakesh Sood

I doubt that NPCIL will finalize a deal until there is clarity about Toshiba's exit, and who the new project manager would be.feedback

Sekhar Basu

The financial dialogue has yet to open over the new situation.feedback

Sekhar Basu

As for the technical execution of the project, I do not see many problems.feedback

Jose Gutierrez

Frankly speaking, we are not progressing as fast as we would like to, but we will see.feedback

Zheng Minghuang

The commercial date in the contract was November 2013 start. That is a delay of more than three years ... We are doing our best.feedback

Jose Gutierrez

We are progressing extremely well with the British regulator.feedback

Jose Gutierrez

We expect to see a fleet of AP1000 reactors in China ... We don't know how many China wants to build, but it could be tens.feedback

Masashi Muromachi - Toshiba

The nomination committee is currently discussing the CEO selection. It will make a final decision probably after the Golden Week holiday (that ends early May).feedback

Masashi Muromachi - Toshiba

Regardless of the writedown, the nuclear business is progressing as planned.feedback

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