Have no potential for new business in near future. Marginally operating. Remaining assets could fetch good money if sold to the right company.
5 replies (most recent on top)
Another nail on the coffin.
https://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2018/04/02/firstenergy-solutions-declares-three-npp-closing-dates-and-bankruptcy-040201#.WsJNzC7waM8
The required decommissioning liability is still significant, which is most likely the issue preventing any sale. The joint venture with Hitachi, as well as the JV on the fuel side also complicate things.
With all the layoffs that happened, this place has become very toxic to work at. Managers and HR need to learn to be human first.
Welch was supposedly quoted years ago that he'd sell the Nuclear business for $1 to anyone who would take the liability. Strongly suspect the liability is still the problem inhibing any sale.
Because many countries around the world are desperate to have their own equivalent of the Fukushima disaster which is part of GE's Imagination at Work.
GE faces federal lawsuit over Fukushima nuclear disaster
https://www.bizjournals.com/boston/news/2017/11/17/ge-faces-federal-lawsuit-over-fukushima-nuclear.html