The Shaw Group issued a statement this afternoon regarding the U.S. Nuclear Regulatory Commission’s news release on deficiencies in a Westinghouse nuclear power plant shield building design. Chairman/President/CEO Jim Bernhard Jr. of Shaw, which owns a stake in Westinghouse Electric, says: “Certain portions of the design have already been addressed, and this expected confirmation from the NRC now allows the remainder of items to be resolved. We believe all issues outlined by the NRC can be addressed from a technical perspective, and the remaining steps of the certification and licensing processes will continue as currently scheduled.” The NRC had said part of the reactor might not withstand severe weather or an earthquake, prompting an analyst today to downgrade Shaw from “outperform” to “neutral.”
Shaw responds to Nuclear Regulatory Commission on plant design
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