westinghouse disambiguation . this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . january 2008 learn how and when to remove this template message westinghouse electric company llc westinghouse logo designed by paul rand type private licensee of westinghouse licensing corporation westinghouse electric corporation industry nuclear power nuclear fuel radioactive handling inspection welding predecessor westinghouse electric corporation founded monroeville pennsylvania u.s. 1999 1999 headquarters cranberry township butler county pennsylvania u.s. area served worldwide key people george westinghouse corporate namesake ; founder of the original westinghouse 1886 danny roderick president and chief executive officer 1 owner toshiba 87 % majority owner kazatomprom 10 % ihi 3 % 2 number of employees 14 500 3 subsidiaries astare cs innovations fauske & associates westinghouse electric south africa par nuclear wec welding and machining wesdyne international westron website westinghousenuclear.com westinghouse electric company llc is a us based nuclear power company founded in 1999 offering nuclear products and services to utilities internationally including nuclear fuel service and maintenance instrumentation control and design of nuclear power plants . as of 2014 westinghouse builds and operates approximately one half of the world s operating nuclear plants . westinghouse s world headquarters are located in the pittsburgh suburb of cranberry township pennsylvania . toshiba group is the majority owner of westinghouse . contents 1 history 1.1 sale to toshiba 1.2 move to cranberry township pennsylvania 1.3 timeline of westinghouse electric company 2 association with cbs corporation 2.1 naming rights 3 new generation of reactors 4 international business 4.1 europe 4.2 asia 4.3 africa 5 environmental record 6 references history edit for further chronological details see westinghouse electric corporation timeline of company evolution . westinghouse electric company was formed in 1999 after the original company with that name george westinghouse s westinghouse electric founded in 1886 ceased to exist due to a series of divestitures and mergers through the mid to late 1990s . these included westinghouse electric s purchase of cbs in 1995 expansion into communications and broadcasting and the selling off of most non broadcast operations by 1998 ; renaming itself cbs corporation.that same year the westinghouse power generation business unit was sold to siemens ag of germany . in 1999 cbs corporation sold its nuclear business westinghouse electric company to british nuclear fuels limited bnfl . 4 and a year later cbs corporation was merged into viacom 1971 2005 thus putting an end to the original westinghouse . legally westinghouse electric corporation still exists mainly for the purpose of licensing as a subsidiary of cbs corp. sale to toshiba edit in july 2005 bnfl confirmed its planned to sell westinghouse then estimated to be worth 1.8 bn 1bn . citation needed however the bid attracted interest from several companies including toshiba general electric and mitsubishi heavy industries . when the financial times reported on january 23 2006 that toshiba had won the bid it valued the company s offer at 5bn 2.8 bn . 5 on february 6 2006 toshiba confirmed it was buying westinghouse electric company for 5.4 bn and announced it would sell a minority stake to investors . 6 the sale surprised many industry experts who questioned the wisdom of bnfl selling one of the world s largest producers of nuclear reactors shortly before the market for nuclear power was expected to grow substantially ; china the united states and the united kingdom were all expected to invest heavily in nuclear power . 7 reasons in favor of a sale were the commercial risk of the company s business in asia may have been too high for a company then owned by taxpayers ; if westinghouse won the bid for any new nuclear stations in a uk competition questions may be raised of favoritism but if it lost it might have been seen as a lack of faith in its own technology . finally the record of uk governments building nuclear plants had been a commercial disaster . 8 on october 16 2006 the acquisition of westinghouse electric company for 5.4 billion was completed with toshiba obtaining a 77 % share partners the shaw group a 20 % share and ishikawajima harima heavy industries co. ltd. a 3 % share . 9 on 13 august 2007 toshiba sold 10 % to kazatomprom the national uranium company for the republic of kazakhstan for us 540 million leaving toshiba with 67 % . kazatomprom s ownership is entirely passive with no voting or veto rights or presence on the board of directors . 10 in september 2011 toshiba was reported to be in talks to acquire the shaw stake 11 and both companies confirmed the story soon thereafter . shaw ceo james bernhard said when that toshiba was paying us 1.6 bn for the shaw owned 20 % stake and that it was the 50 % rise in the yen on its yen denominated debt over five years which had led it to exercise its sale option . toshiba said when it was open to and considering having other partners invest in the business . the purchase closed in january 2013 and brought toshiba s share in the company to 87 % . 12 13 in 2015 concerns were expressed that the value of assets and goodwill in westinghouse were overstated . following an accounting scandal in which profits were overstated at toshiba leading to the ceo resigning toshiba stated that the westinghouse nuclear business was more profitable than at acquisition in 2006 . 14 15 move to cranberry township pennsylvania edit after several years of doing business there westinghouse decided to move its world headquarters from the energy center in monroeville pennsylvania to cranberry woods in cranberry township butler county pennsylvania as reported in a 2007 memo to its employees 16 that stated the main reason was the rapid expansion of the global nuclear industry . construction began in july 2007 the move lasted from june 2009 to december 2010 . the repair replacement and automation services rras business segment moved to cranberry township earlier than other business segments to help alleviate space issues at the headquarters in monroeville and was completed in spring of 2008 . as part of this move westinghouse piloted the first commuter shuttle running an all day loop between monroeville and cranberry township . the shuttle ceased operation after westinghouse formally closed and sold their monroeville facility in 2012 . timeline of westinghouse electric company edit 1999 westinghouse electric company officially began operations as bnfl s nuclear power business . 2000 bnfl bought abb group s nuclear power business and merged into westinghouse . 2004 westinghouse bids for two chinese reactor sites ; the us export import bank approved 5 billion in loan guarantees 17 2006 westinghouse acquired par nuclear ederer nuclear cranes providing fuel and cask handling equipment systems . westinghouse electric company was sold by bnfl to toshiba 2007 westinghouse won china national nuclear corporation s bid for 4 ap1000 reactors including technology transfer agreement ; acquired ist nuclear of ist holdings south africa ; carolina energy solutions ces and its affiliates aggressive equipment ae now wec machining ; construction institute of america cia now wec welding institute ; and carolina united services now carolina union services ; astare a french nuclear engineering company headquartered near paris . 2009 westinghouse acquired nuclear fuel industries ltd japan s sole producer of nuclear fuel for boiling water reactor and pressurized water reactors for 100 million 18 and cs innovations llc an instrumentation and control i & c nuclear product supplier to the digital i & c safety system upgrade market . 2010 westinghouse announced involvement in a new ultra large forging press in the uk to be built at sheffield forgemasters in yorkshire ; took a major stake in springfields fuel limited in the uk . westinghouse moved world headquarters from monroeville pennsylvania to cranberry township pennsylvania . 2012 westinghouse cut 200 jobs citing the fukushima disaster germany s energiewende and low natural gas prices . 19 association with cbs corporation edit naming rights edit further information westinghouse licensing although no longer associated with the current cbs corporation westinghouse electric company llc as of 2011 still uses the trademarks owned by westinghouse licensing corporation 20 cbs brand management subsidiary under license as is the case with other westinghouse licensees . new generation of reactors edit a revived interest in the nuclear power generation field in the late 1980s when led to westinghouse s development of the ap600 reactor which received nrc approval when . interest in the westinghouse design but with larger power output led to the change of the project to the ap1000 in 1999 and shortly after became the first generation iii reactor to receive final design approval from the nrc in 2004 . 21 as of 2014 four of these units are under construction in china though the first was due to come on line in november 2013 . 22 and has been delayed until december 2014 . the delay due to the constantly changing and consequently untested design prompted li yulun former vice president of china national nuclear corporation in 2013 to raise concerns over the safety standards of the plant . citing a lack of operating history he questioned the manufacturer s assertion that the ap1000 reactor s primary system canned motor pumps were maintenance free over 60 years the assumed life of the reactor and noted that westinghouse had yet to receive approval from british authorities on an improved version of ap1000 . 23 as of january 2009 six ap1000 plants had been ordered in the us and several other customers had chosen the ap1000 if they were to build new nuclear plants for a combined total of at least 14 new plants announced by the nustart consortium duke power progress energy southern nuclear and sce & g. 22 in may 2011 after the fukushima daiichi nuclear disaster us government regulators found problems with the design of the shield building of the new reactors . gregory jaczko chairman of the nuclear regulatory commission since 2005 said that computations submitted by westinghouse about the building s design appeared to be wrong and had led to more questions . he said the company had not used a range of possible temperatures for calculating potential seismic stresses on the shield building in the event of an earthquake for example . the nrc asked westinghouse not only to fix its calculations but also to explain why it submitted flawed information in the first place . westinghouse countered that the confirmatory items that the commission was asking for were not safety significant . 24 in november 2011 the ap1000 oversight group published a report highlighting six areas of major concern and un reviewed safety questions requiring immediate technical review by the nrc . the report concluded that certification of the ap1000 should be delayed until the original and current unanswered safety questions raised by the ap1000 oversight group are resolved . 25 in december 2011 the uk s office for nuclear regulation published a design assessment report on the ap1000 reactor which highlighted 51 generic design assessment issues remaining that must be addressed before the assessment would be completed . 26 in october 2013 us energy secretary ernest moniz announced that china was to supply components to the us nuclear power plants under construction as part of a bilateral co operation agreement between the two countries . since china s state nuclear power technology co snptc acquired westinghouses s ap1000 technology in 2006 it has developed a manufacturing supply chain capable of supplying international power projects . 27 industry analysts have pointed out that there are gaps in the chinese supply chain . 28 international business edit europe edit westinghouse electric company fully owns several subsidiaries in europe such as the european service center also called westinghouse electric belgium located in nivelles belgium where equipment is prepared for projects throughout