The Nuke segments will hold the money losing assets, and the responsibility for "decommissioning" and of course those costs, will ultimately be born by the taxpayers. The corporations are already looting the decommissioning funds even though those funds are only 25% of what is needed to get the task done.
CHARLOTTE, N.C. -- The 148-year-old Babcock & Wilcox Co., headquartered in Barberton from 1906 to 1978, and still employing about 2,000 here, has split into two independent companies.
No layoffs are planned, and B&W shareholders now own shares in both companies.
One company, now named Babcock & Wilcox Enterprises, Inc. will continue to call itself Babcock & Wilcox and focus on B&W's traditional business constructing steam boilers fired by coal, gas and renewable fuels, including waste materials, and developing emission technologies for these power plants and other industries.
The other company will carry on with B&W's nuclear business, building, servicing and refueling reactors for the Navy, as well equipment and parts for commercial nuclear power plants. This company is now called BWX Technologies, Inc. and is headquartered in Lynchburg, Va.