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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 ...
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.
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.
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]
The Westinghouse Licensing Corporation (now named Wilmerding Licensing Corporation [1]) was a Delaware General Corporation Law organized subsidiary that was founded in 1998 by Westinghouse-CBS (the renamed original Westinghouse) in managing the intellectual property assets relating to the Westinghouse trademarks produced from 1886 until 1996.
Shares of uranium miner Cameco are down amid news of the company buying stake in Westinghouse Electric.
Warren Buffett may be best known as one of the most frugal billionaires. The Berkshire Hathaway chairman still lives in the modest home he bought in the 1950s and you won't catch him driving ...
It served as the Westinghouse subsidiary charged with selling and distributing company components in the electrical and industrial industries. Wesco maintained close ties to its parent. In 1994, the private equity firm Clayton, Dubilier & Rice (CD&R) purchased Westinghouse Electrical Supply Company and created Wesco Distribution Inc. [ 4 ]