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Westinghouse Challenges Fluor Over $260 Million Bankruptcy Claims

Submitted by jhartgen@abi.org on

Westinghouse Electric Co. is battling former subcontractor Fluor Corp. over some $260 million in damage claims stemming from failed efforts to launch a new wave of nuclear reactors in the U.S., WSJ Pro Bankruptcy reported. The dispute erupted at the tail end of a bankruptcy that saw most of Westinghouse separated from its Japanese parent, Toshiba Corp., and sold to Brookfield Business Partners LP for $4.6 billion. Fluor’s bankruptcy claims include fees linked to the termination of Westinghouse’s contracts to build new reactors in South Carolina and Georgia, projects where cost overruns and delays mounted for years. Fluor was a subcontractor that worked on the projects for about 14 months before Westinghouse filed for chapter 11 protection and scrapped its construction business.