Babcock & Wilcox Begins Process to Split into Power, Nuclear Companies after Strong 2014
SUGAR LAND--March 19, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Earlier this week, energy services provider The Babcock & Wilcox Company (NYSE:BWC) (B&W) (Charlotte, North Carolina) took a preliminary step in its plan to spin off its Power Generation business. Babcock & Wilcox Enterprises Incorporated, a newly formed subsidiary that will consist of the company's power generation business, has filed an initial Form 10 Registration Statement with the U. S. Securities and Exchange Commission (SEC). Industrial Info is tracking $5.69 billion in B&W projects at power facilities fired by coal, natural gas and waste, and $10 million in projects at a nuclear fuels plant that supplies the U.S. Navy.
Within this article: Details on B&W's planned split and plans for both companies.
