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Construction delays at Plant Vogtle in the U.S. state of Georgia have led to ballooning costs for the Toshiba group.
Business

Nuclear risk miscalculation triggers Toshiba meltdown

Shares plunged 35% since big charge came to light

SOICHI INAI and YUKIHIRO OMOTO, Nikkei staff writers | Japan

NEW YORK -- Just as Toshiba appears to be turning the corner from its accounting scandal, the Japanese conglomerate faces a huge write-down on its U.S. atomic power operations owing to risks of cost escalation in plant construction.

Westinghouse Electric's work on reactors for a new nuclear power plant in Augusta, Georgia, has been suspended every time U.S. Nuclear Regulatory Commission inspectors come to check on the facility, a site worker said in May, describing the agency's frequent visits.

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