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Revision as of 16:49, 4 May 2007

Revision as of 11:26, 1 June 2007

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:''The ''Westinghouse Electric Company'' is a present-day nuclear technology business. See [[Westinghouse]] for other uses, including its famous former owner's history prior to 1999 and recent licensing deals.''

Feel free to post comments to me here. Thanks.

'''Westinghouse Electric Company''' is a [[nuclear reactor]] technology business company, providing nuclear services, [[nuclear power plant|power plants]], and [[nuclear fuel]] to utilities and governments in the [[United States]], [[Europe]], and [[Asia]]. [[Toshiba|Toshiba Group]] is its majority owner.

== Minor edits on "Nigger" ==

==History==

Pretty good job. Definitely improved things. [[User:Lou Sander|Lou Sander]] 12:25, 4 July 2006 (UTC)

* In 1995 [[Westinghouse Electric Corporation]] purchased [[CBS]] and started giving up its industrial and defense businesses.

== An article which you started, or significantly expanded, ''[[Tom Chick]]'', was selected for [[WP:DYK|DYK]]! ==

* In 1996, the company sold its defense electronics business and purchased [[Infinity Broadcasting]].

* In 1997 the company was renamed '''CBS Corporation.'''

* In 1998 the company ''CBS Corporation'' sold its nuclear business to [[BNFL]] (British Nuclear Fuels) who started to operate it as [[Westinghouse Electric Company]]. The same year, ''CBS Corporation'' created a new subsidiary company called [[Westinghouse Electric Corporation (1998)|Westinghouse Electric Corporation]] to manage the Westinghouse [[brand]].

* In 2000 the [[ABB Group]]'s nuclear power business was purchased by [[BNFL]] and merged into Westinghouse Electric Company.

* In 2006 Westinghouse Electric Company was sold by BNFL to [[Toshiba]].

==Europe==

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|[[Image:Updated DYK query.png|{{#ifeq:{{{small|}}}|yes|20px|35px}}|Updated DYK query]]

|On [[January 24]], [[2007]], '''[[:Template:Did you know|Did you know?]]''' was updated with a fact from the article '''''[[Tom Chick]]''''', which you created or substantially expanded. If you know of another interesting fact from a recently created article, then please suggest it on the [[:Template talk:Did you know|"Did you know?" talk page]].

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Westinghouse Electric Company has several fully owned subsidiaries in Europe such as the European Service Center (also called Westinghouse Electric Belgium) located in [[Nivelles]], [[Belgium]], where equipments are being prepared for interventions throughout Europe. After the take over of [[ABB Reaktor]] in Germany, Westinghouse transferred the radiological storage activities located in Ladenburg, Germany, to the existing site in Nivelles, Belgium, which was extended. Soon after that extension, another extension followed as the people working in the [[Brussels]]' office were transferred to Nivelles too. It is estimated that 150 people were working in Nivelles at the end of 2005.

Thanks for your contributions! '''[[User:Nishkid64|<span style="background:#009;color:#7FFF00">Nish</span><span style="background:cyan;color:#009">kid</span>]][[User talk:Nishkid64|<span style="background:orange;color:navy blue">64</span>]]''' 23:32, 24 January 2007 (UTC)

==Sale DYKto Toshiba==

In July 2005 BNFL confirmed it planned to sell Westinghouse, then estimated to be worth $1.8bn (£1bn). However the bid attracted interest from several companies, including [[Toshiba]], [[General Electric]] and [[Mitsubishi Heavy Industries]] and when the ''[[Financial Times]]'' reported on January 23, 2006 that Toshiba had won the bid, it valued the company's offer at $5bn (£2.8bn). On February 6, 2006 Toshiba confirmed it was buying Westinghouse Electric Company for $5.4bn and announced it would sell a minority stake to investors.[http://biz.yahoo.com/bizj/060206/1224825.html?.v=2]

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The sale surprised many industry experts who questioned the wisdom of BNFL selling one of the world's largest producers of nuclear reactors shortly before the market for [[nuclear power]] is expected to grow substantially; [[People's Republic of China|China]], the [[United States]] and the [[United Kingdom]] are all expected to invest heavily in nuclear power. <ref>BBC News (2006) [http://news.bbc.co.uk/1/hi/business/4638960.stm "BNFL to sell U.S. power plant arm"] Retrieved Feb. 6 2006</ref> However ''[[The Economist]]'' gives several reasons in favor of a sale; the commercial risk of the company's business in [[Asia]] may be too high for taxpayers money, if Westinghouse won the bid for any new nuclear stations in the UK competition questions may be raised, if lost it may be seen as a lack of faith in its own [Westinghouse] technology' and finally the record of UK governments building nuclear plants is a commercial disaster. <ref>"Technology transfer" (Jan. 28, 2006) ''The Economist'' pp. 30&mdash;31</ref>

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|On [[17 February]], [[2007]], '''[[:Template:Did you know|Did you know?]]''' was updated with a fact from the article '''''[[Dallas Theological Seminary]]''''', which you created or substantially expanded. If you know of another interesting fact from a recently created article, then please suggest it on the [[:Template talk:Did you know|"Did you know?" talk page]].

The acquisition of Westinghouse Electric Company for $5.4bn was completed on October 16, 2006, with Toshiba obtaining a 77% share, and partners [[The Shaw Group]] a 20% share, Ishikawajima-Harima Heavy Industries Co. Ltd. a 1% share & [[GE]] a 2% share.

|} <!-- [[{{CURRENTMONTHNAME}} {{CURRENTDAY}}]], [[{{CURRENTYEAR}}]] --> --'''[[User:Majorly|<font color="blue">Majorly</font>]]''' _{[[User talk:Majorly|<font color="green">(o rly?)</font>]]} 17:52, 17 February 2007 (UTC)

==Moving to Cranberry Township==

After a long waiting, Westinghouse finally decided to move its world headquarter from the Energy Center in Monroeville, PA, to Cranberry Woods in

[[Cranberry Township, Butler County, Pennsylvania|Cranberry Township]], Butler County, PA. A [http://www.pittsburghlive.com/x/pittsburghtrib/news/cityregion/s_498721.html memo] stated the main reason was due to rapid expansion in the global Nuclear industry. The move is expected to begin in early 2009 and complete by end-of-year 2010, with construction expected to begin in July 2007.

A community website [http://easywemove.info easywemove.info] was created to assist easy transitions to the north of Pittsburgh.

==References==

<references />

[[Category:Engineering companies of the United States]]

[[Category:Nuclear technology]]

[[Category:Nuclear power companies]]

[[sv:Westinghouse Electric Company]]