Westinghouse pioneered and built the Pressurized Water Reactors that count for about half the world’s fleet.
The AP 1000 was meant to provide a safer, more economical upgrade.
But anunending stream of technical failures and soaring costs, as well as plummeting prices for gas, wind, and solar, and a drop in electricity demand, doomed the project.
In a catastrophic financial failure, the four reactors it was building in South Carolina and Georgia drove Westinghouse into bankruptcy in March.
“This project has been a multi-billion-dollar disaster,” adds Stephen A. “We also call on Georgia Power and their utility partners to protect their customers from the similarly risky, mismanaged project” at the Vogtle site in Georgia.