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Westinghouse Electric Company LLC is an American nuclear power company formed in 1999 from the nuclear power division of the original Westinghouse Electric Corporation. [3] It offers nuclear products and services to utilities internationally, including nuclear fuel , service and maintenance, instrumentation, control and design of nuclear power ...
The stock symbol and CUSIP would remain the same. [21] [22] In March 2017, the company announced it would acquire a controlling interest in TerraForm Power and 100% of TerraForm Global, together representing a 3,600 MW global renewable power portfolio. [23] The transaction was completed in December 2017.
It was originally named "Westinghouse Electric & Manufacturing Company" and was renamed "Westinghouse Electric Corporation" in 1945. Through the early and mid-20th century, Westinghouse Electric was a powerhouse in heavy industry, electrical production and distribution, consumer electronics, home appliances and a wide variety of other products.
Shares of uranium miner Cameco are down amid news of the company buying stake in Westinghouse Electric.
In October 2022, Cameco along with Brookfield Renewable Partners announced the acquisition of Westinghouse Electric Company in a US$7.9 billion deal including debt. Cameco will own a 49% interest in the company as part of the deal. [11] [2] The acquisition was completed in November 2023. [12]
With the split, the two companies began trading on the New York Stock Exchange (NYSE) under the ticker symbols "CBS.A" and "CBS" (the latter symbol was previously used by CBS, Inc. as an independent company prior to its 1995 acquisition by Westinghouse) on January 3, 2006.
The company owns stakes in three tier 1 uranium mines, as well as a 49% interest in Westinghouse Electric Company, which provides mission-critical technologies and services that are used in the ...
In 1999, BNFL acquired Westinghouse Electric Company, the commercial nuclear power businesses of CBS (Westinghouse acquired CBS in 1995 and reoriented itself as a broadcaster), for $1.1 billion. Westinghouse's businesses are fuel manufacture, decommissioning of nuclear sites and reactor design, construction and servicing. [16]