January 22, 2017 9:44 AM ET

Construction and Engineering

Company Overview of Westinghouse Electric Company LLC

Company Overview

Westinghouse Electric Company LLC provides nuclear power plant products and services to utilities worldwide. The company primarily engages in the development, licensing, detailed engineering, project management, and component manufacturing, as well as provision of startup support for new nuclear power plants. It also offers a range of automation, instrumentation, and control solutions for operating plants; and supplies replacement parts, such as electrical parts, heat exchangers, I&C control and protection systems, permanent cavity seal rings, pressurizer/pressurizer heaters, reactor vessel heads, reactor vessel and internals, steam generators, and valves for pressurized water reactors (PWRs...

1000 Westinghouse Drive

Suite 572A

Cranberry Township, PA 16066

United States

Founded in 1884

Phone:

412-374-4111

Fax:

412-374-3272

Key Executives for Westinghouse Electric Company LLC

Interim Chief Executive Officer and Interim President
Chief Financial Officer and Senior Vice President
Senior Vice President of Global Strategy and Operations Support
Senior Vice President of Westinghouse and President of Wectec Llc
President of Asia
Compensation as of Fiscal Year 2016.

Westinghouse Electric Company LLC Key Developments

Westinghouse Electric Company LLC and AZZ Inc. Transition to Teaming Agreement

Westinghouse Electric Company LLC announced that it has transitioned its previously announced acquisition of Nuclear Logistics LLC a third-party supplier of safety-related equipment solutions to the nuclear industry owned by AZZ Inc., to a teaming agreement. Under the agreement, Westinghouse and AZZ Inc. will jointly market their safety-related equipment solutions to the nuclear industry. Through this agreement, mutual customers will receive the combined capabilities of both organizations providing unparalleled products and services focused on meeting the nuclear industry’s equipment challenges with cost-effective, technically superior, high-quality equipment solutions.

South Carolina Electric & Gas Company and Westinghouse Electric Company Receive Order from Dispute Resolution Board Regarding the Construction Milestone Payment Schedule

South Carolina Electric & Gas Company and Westinghouse Electric Company received an order issued by the Dispute Resolution Board (DRB) on December 2, 2016 regarding the construction milestone payment schedule. The DRB was established under the October 2015 Amendment to the Engineering, Procurement, and Construction agreement (EPC Agreement) with WEC for the two new nuclear units under construction at the V.C. Summer Station in Jenkinsville, South Carolina. The order instructs the parties to use the approved methodology when determining the amounts to be paid for the previously agreed upon milestones for the remainder of construction. The total of all payments under the EPC Agreement remains the amount stated in the fixed price option, which the Public Service Commission of South Carolina authorized SCE&G to exercise in November 2016. SCE&G is evaluating the impact of this decision and will provide updated CAPEX and Financing Plans once the Company has completed its review.

Westinghouse Electric Company Announces Created New Way to Advance Nuclear Energy Technology

Westinghouse Electric Company announced that it has created a new way for innovators to advance nuclear energy technology through collaboration with Westinghouse and its global network of leading technical experts. The initiative, named WeLink, will provide funding support, office space and technical tools for individuals and teams to develop promising concepts that can accelerate innovation across the industry.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 3, 2016
Nuclear Logistics LLC
 

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