Westinghouse Files for Bankruptcy, in Blow to Nuclear Power

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6. U.S. taxpayers on the hook - bigly

The U.S. government granted loan guarantees totaling $8.3 billion to the utilities commissioning the Georgia project ((Vogtle nuclear plant units 3 and 4)).

Japan's government spokesman Yoshihide Suga said the two governments were having thorough discussions on the issue.

Toshiba acquired Westinghouse in 2006 for $5.4 billion, then a major bet on a rebirth in nuclear projects due to high oil and gas prices, convinced that governments would cap carbon emissions to prevent global warming.

The company expected that it would win contracts to build dozens of its new AP1000 reactors, allowing it to build a pipeline of future work for its nuclear power plant maintenance division.

Regulators in both Georgia and South Carolina approved the construction of AP1000 reactors in 2009, a sign of a nuclear renewal taking hold. ...

More: http://finance.yahoo.com/news/toshiba-approves-chapter-11-filing-nuclear-unit-westinghouse-020157059--sector.html

Then along came Fukushima (March 2011) ...