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Westinghouse to pursue license despite NJ plant cancellation
Westinghouse Electric Corp will continue efforts to obtain a license to manufacture floating nuclear power plants after Public Service Electric and Gas Co canceled a $2.5 billion contract with Offshore Power Systems for four offshore units off New Jersey. PSE&G and Offshore Power Systems cited weaker demand prospects, but Westinghouse said the move will not materially affect earnings and that the subsidiary will press the Nuclear Regulatory Commission for approval.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPI
Westinghouse Electric Corp
Public Service Electric and Gas Co
New Jersey
Jacksonville
Fla
Offshore Power Systems
Westinghouse
Nuclear Regulatory Commission
NEW Castle News
Gordon C. Hurlbert
Power Systems
Pse&g Presi