Morning Briefing - January 10, 2019
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January 10, 2019

Westinghouse Reorg Creates New Nuclear Life-Cycle Unit

By ExchangeMonitor

Westinghouse Electric intends to create a business unit covering services for the full nuclear power life cycle as part of a broader reorganization announced Tuesday.

The Plant Solutions business will encompass delivery of new power facilities; government services; and deconstruction, decommissioning, and remediation resources, according to a press release. it will be led by David Durham, a former Department of Energy staffer who has been with Westinghouse since 2015.

Asset management firm Brookfield Business Partners in August completed its $4.6 billion acquisition of Westinghouse from Toshiba, enabling the troubled nuclear company to emerge from Chapter 11 bankruptcy protection.

The reorganization also creates business branches focusing on nuclear power plant operations, along with “an operations delivery support function to build Global Supply Chain into a best-in-class organization that will support the business units through a robust procurement organization,” the release says.

Westinghouse anticipates completing the reorganization by the start of the third quarter of this year.

The company offers a long list of resources for the end of the nuclear power life cycle, including decontamination and decommissioning project planning, spent fuel management, nuclear parts segmentation, and design of waste storage and disposal sites.

Its Westinghouse Government Services business pursues contracts with the federal government. It is one of the members of Mid-America Conversion Services, which has a $319 million, five-year award for depleted uranium hexafluoride conversion at DOE sites in Ohio and Kentucky.

Durham joined Westinghouse in July 2015 as senior vice president for new projects business and president of its WESTEC subsidiary. He previously was an executive at GE Hitachi, Fluor, E3 Solutions, and PRC Environmental. That followed a short stint in government, including as special assistant to the secretary of energy from 1991-1992 to manage the Energy Department’s Environmental Management program.